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) 13,698

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

Sector Weighting

Basic Materials 22.92%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial
Healthcare 35.77%
Services 4.01%
Technology
Transportation 18.54%
Utilities

8 Positions as of 12/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ZOETIS INC CL A 1,921,349 1,665,435 650.78 41,569,646
AIR PRODS & CHEMS INC COM 3,138,871 New 20,549,076
BURGER KING WORLDWIDE INC COM -1,362,769 Sold Out 0
CANADIAN PAC RY LTD COM 2,540,030 New 13,940,890
HOWARD HUGHES CORP COM 548,868 New 3,568,017
PLATFORM SPECIALTY PRODS CORP COM 1,096,642 241,308 28.21 42,737,394
RESTAURANT BRANDS INTL INC COM 1,474,175 1,474,175 New 38,003,984
ACTAVIS PLC SHS 2,977,933 -250,721 (7.77) 9,810,031