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Bill Ackman's Pershing reveals stake in Starbucks

Leslie Picker

Bill Ackman of Pershing Square Capital revealed a new stake in Starbucks SBUX on Tuesday at a conference in New York.

The fund has 15.2 million shares, about $900 million worth.

The activist investor said in August that the fund had taken a new undisclosed position that made up about 10 percent of the portfolio. The fund also disclosed new stakes in United Technologies UTX and Lowe's Companies LOW .

Through September, Pershing Square had $8.3 billion of assets under management and its net performance was up 15.8 percent.

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