Ackman's Pershing Square Shows New Stake In ADP (NYSE: ADP)

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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