Pershing makes new bet on Hyatt - regulatory filing
*Pershing Square makes new bet on Hyatt Hotels
*Does not list McDonald's on regulatory filing
BOSTON Feb 16 (Reuters) - Activist hedge fund manager William Ackman, who has invested heavily in retailers, made new bets on Hyatt Hotels (H.N) and restaurant chain Landry's Restaurants during the fourth quarter, according to a regulatory filing released on Tuesday.
During the last three months of the year, Pershing Square Capital Management, Ackman's hedge fund firm, bought 2.76 million shares in the hotel group. It also boosted its stake in Corrections Corporation of America (CXW.N) to 10.9 million after buying 7.4 million shares in the third quarter.
Ackman announced the position in Landry's Restaurants Inc LNY.N in November. His fund quickly bought a large chunk of America's second-largest seafood restaurant operator after the company's CEO Tilman Fertitta, who has been trying to take the company private for two years, offered a price the hedge fund firm thought was too low.
Pershing Square generally owns only a handful of stocks but builds them quickly. Currently the firm listed 7 positions on its filing with the Securities and Exchange Commission.
The fund did not list fast food restaurant McDonald's (MCD.N) for the fourth quarter after having more than tripled its holdings to 8.2 million in the company during the third quarter. It also did not list EMC Corp, of which it owned 58.7 million shares at the end of third quarter. (Reporting by Svea Herbst-Bayliss, editing by Leslie Gevirtz)
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