NEW YORK – Pershing Square, the hedge fund run by Bill Ackman, has sold off most of its stake in Procter & Gamble Co., according to a regulatory filing released Friday afternoon. The fund trimmed its holdings from about 27 million shares over the fourth quarter to about 740,000 shares. The fund also trimmed its holdings in developer General Growth Properties Inc. It kept its stakes roughly the same in alcoholic-beverage maker Beam Inc. and Burger King Worldwide Inc.
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