Bill Ackman Cuts Citigroup, Adds Procter & Gamble

NEW YORK ( TheStreet) - Pershing Square hedge fund manager Bill Ackman liquidated his stake in Citigroup ( C), according to his latest 13F filing.

In the second-quarter, Ackman owned 1.1 million shares of the New York-based bank. By the third-quarter, Ackman had sold all of it.

The activist investor, known for his stake in J.C. Penney ( JCP), also added to his stakes in Procter & Gamble ( PG) and General Growth Properties ( GGP).

He added to his call position in Procter & Gamble. In addition to the options, Ackman owns more than 27.8 million shares in the Cincinnati, OH.-based consumer products conglomerate. A call is the right to own shares at a predetermined price.

Shares of Citigroup fell 3.15% today to close at $35.02, while Procter & Gamble fell 0.48% to close at $66.53.

Interested in more on Citigroup? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

More from Investing

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

McDonald's Criticized for Not Doing More in Wake of Sexual Harassment Claims

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%