13F filing recap · Q2 2008

What did Pershing Square Capital Management buy in Q2 2008?

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

Stock value

$3.04B

Positions

Estimated turnover

52.4%

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

EMCEmc Corp$586.37Mreported value+39.92M shares DPSDr Pepper Snapple Group, Inc.$448.54Mreported value+21.38M shares LDGLongs Drug Stores Corp$3.61Mreported value+85.8K shares CBYCadbury Plc$1.14Mreported value+22.6K shares

Increased positions

WENWendy'S International Inc$356.23Mreported value+5.94M shares+83.2%GLREGreenlight Capital Re, Ltd.$5.71Mreported value+95 shares+0.0%

Reduced positions

TGTTarget Corporation$911.61Mreported value-4.38M shares-18.3%

Exited positions

CSGCadbury Schweppes Plc$1.56Mprior reported value-35.4K shares-100.0%