Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q3 2017)

As of Sep 30, 2017, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2017, the filing reported:

New Buys - None reported

Increases - Automatic Data Processing, Inc.

Reductions - Mondelez International, Inc., Restaurant Brands International

Complete Exits - Nomad Foods

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2017	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+7,047,575	+402.5%	$961.85K	8,798,442
Q3 2017	G6564A105 Nomad Foods	Nomad Foods	Sell - Position Exit	-33,333,334	-100.0%	$0.00	-
Q3 2017	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell	-568,780	-3.9%	$566.29K	13,927,445
Q3 2017	QSR Restaurant Brands International	Restaurant Brands International	Sell	-12,649,822	-32.3%	$1.69M	26,500,729