13F filing recap · Q3 2007

What did Pershing Square Capital Management buy in Q3 2007?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.96B

Positions

Estimated turnover

37.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

SHLDQSears Holdings Corporation$636.00Mreported value+5.00M shares

Increased positions

TGTTarget Corporation$225.55Mreported value+1.87M shares+111.4%

Exited positions

SPLSStaples Inc$245.32Mprior reported value-10.34M shares-100.0%IYRiShares Trust$27.57Mprior reported value-356.1K shares-100.0%