Ackman's Pershing Square Shows New Stake in ADP, Confirms Citigroup (C) Stake

Bill Ackman's Pershing Square hedge fund released its 13F for the quarter ended June 30, 2010 today. Ackman confirmed his stake in Citigroup, which he talked about at Ira Sohn. The surprise move from Ackman was a new stake in ADP (NYSE: ADP). He also drastically cut his stake in Yum Brands (NYSE: YUM)

Notable changes:

• New 146,500,000 share stake in Citigroup (NYSE: C) (he disclosed his stake already at a conference)
  
• New 8,270,027 share stake in Automatic Data Processing, Inc. (NYSE: ADP)
  
• Raised stake in Kraft (NYSE: KFT) from 32,800,959 shares to 33,650,959 shares
  
• Trimmed Target (NYSE: TGT) from 20,685,503 shares to 20,680,203 shares
  
• Cut stake in Yum Brands (NYSE: YUM) 15,200,130 shares to 1,907,164 shares.

Notable Maintained Stakes:

• Borders Group, Inc. (NYSE: BGP) 10,597,980 shares
  
• Corrections Corporation of America (NYSE: CXW) 10,936,672 shares
  
• General Growth Properties Inc. (NYSE: GGP) 23,953,782 shares