PERSHING SQUARE CAPITAL MANAGEMENT, L.P. Information

888 SEVENTH AVENUE, NEW YORK, New York, 10019, (212) 813-3700

Report Date: 12/31/2014

Position Statistics

Total Positions 8
New Positions 1
Increased Positions 3
Decreased Positions 2
Positions with Activity 5
Sold Out Positions 1
Total Mkt Value (in $ millions) 14,018

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 22%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial
Healthcare 34.88%
Services 3.92%
Technology
Transportation 19.64%
Utilities

8 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
BURGER KING WORLDWIDE INC COM -1,362,769 Sold Out 0
ACTAVIS PLC SHS 2,897,981 -243,989 (7.77) 9,810,031
AIR PRODS & CHEMS INC COM 3,083,594 New 20,549,076
CANADIAN PAC RY LTD COM 2,752,908 New 13,940,890
HOWARD HUGHES CORP COM 550,046 New 3,568,017
RESTAURANT BRANDS INTL INC COM 1,579,826 1,579,826 New 38,003,984
PLATFORM SPECIALTY PRODS CORP COM 1,161,602 255,602 28.21 42,737,394
ZOETIS INC CL A 1,991,602 1,726,331 650.78 41,569,646