13F filing recap · Q3 2011

What did Pershing Square Capital Management buy in Q3 2011?

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

Stock value

$6.02B

Positions

Estimated turnover

16.0%

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

LOWLowe’s Companies, Inc.$410.79Mreported value+21.24M shares CPCanadian Pacific Kansas City Ltd/cn$194.29Mreported value+4.04M shares

Increased positions

FBINFortune Brands Innovations, Inc.$1.13Breported value+3.65M shares+21.2%KFTKraft Foods Inc$845.66Mreported value+2.95M shares+13.3%CCitigroup Inc$669.30Mreported value+2.60M shares+11.1%FDOFamily Dollar Stores Inc$579.21Mreported value+293.8K shares

Exited positions

GLREGreenlight Capital Re, Ltd.$6.57Mprior reported value-250.0K shares-100.0%