{"id":62779,"date":"2018-03-14T00:08:19","date_gmt":"2018-03-14T04:08:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62779"},"modified":"2018-03-16T01:24:49","modified_gmt":"2018-03-16T05:24:49","slug":"ackmans-pershing-square-trims-adp-stake-as-bet-grew-in-value","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2018\/ackmans-pershing-square-trims-adp-stake-as-bet-grew-in-value.html","title":{"rendered":"Ackman&#8217;s Pershing Square Trims ADP Stake as Bet Grew in Value"},"content":{"rendered":"<p>\n(Reuters) Billionaire investor William Ackman\u2019s hedge fund sold a stake in Automatic Data Processing, the firm\u2019s biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows.<\/p>\n<p>Pershing Square Holdings now has a 7.2 percent economic stake in the human resources outsourcing company, down from 8.3 percent previously. The $8.5 billion hedge fund now owns 7.9 million shares of common stock and 23.9 million shares underlying listed and over-the-counter American-style call options, the filing shows.  <\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-adp-ackman\/ackmans-pershing-square-trims-adp-stake-as-bet-grew-in-value-filing-idUSKCN1GP33O\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Billionaire investor William Ackman\u2019s hedge fund sold a stake in Automatic Data Processing, the firm\u2019s biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows. Pershing Square Holdings now [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62779","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62779"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62779\/revisions"}],"predecessor-version":[{"id":62780,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62779\/revisions\/62780"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}