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Sachem Head’s Portfolio Is Bigger Than You May Think

There’s more to Sachem Head’s portfolio than what appears in its second-quarter 13F filing.

Sachem Head Capital Management sharply cut back on its U.S. common stock portfolio in the second quarter.The activist hedge fund firm, headed by Bill Ackman protégé Scott Ferguson, liquidated eight of the 12 stocks held in the portfolio at the end of the first quarter. It also initiated positions in

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