Ackman's Pershing Square Shows New Stake In ADP (NYSE: ADP)
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Bill Ackman's Pershing Square hedge fund released its 13F for the quarter ended 6/30/2009. Notably, Ackman showed a new stake in ADP (NYSE: ADP) and liquidated his Wendy's (NYSE: WEN) stake.
Notable Moves:
- New 7.25 million share stake in ADP (NYSE: ADP)
- New 2.4 million share stake in McDonald's (NYSE: MCD) (He's been involved before)
- Liquidates Apartment Investment & Management Co. (AIV)
- Liquidates Wendy's/Arby's Group (NYSE: WEN)
- Liquidates Visa (NYSE: V)
- Liquidates Yum Brands (NYSE: YUM)
- Target (NYSE: TGT) remains largest position, and was updated in a recent 13D filing.
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