PERSHING SQUARE CAPITAL MANAGEMENT, L.P. Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 7
New Positions 0
Increased Positions 2
Decreased Positions 3
Positions with Activity 5
Sold Out Positions 0
Total Mkt Value (in $ millions) 8,876

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

Sector Weighting

Basic Materials 27.3%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 20.21%
Energy
Financial
Healthcare
Services 23.84%
Technology
Transportation 28.65%
Utilities

7 Positions as of 12/31/2013

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
AIR PRODS & CHEMS INC COM 2,423,558 447 .02 20,549,076
BEAM INC COM 1,733,560 New 20,818,545
BURGER KING WORLDWIDE INC COM 985,800 404 .04 38,387,865
CANADIAN PAC RY LTD COM 2,542,752 -883,939 (25.8) 17,159,888
GENERAL GROWTH PPTYS INC NEW COM 630,110 -183,778 (22.58) 27,624,282
HOWARD HUGHES CORP COM 500,058 New 3,568,017
PROCTER & GAMBLE CO COM 60,470 -113,179 (65.18) 739,605