13F-HR 1 pers3q10.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Pershing Square Capital Management, L.P. Address: 888 Seventh Avenue 42nd Floor New York, New York 10019 13F File Number: 28-11694 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: William A Ackman Title: Managing Member of PS Management GP, LLC, the General Partner of the Institutional Investment Manager filing this report Phone: 212-813-3700 Signature, Place, and Date of Signing: William A Ackman New York, NY/USA November 15, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 22 Form13F Information Table Value Total: $4,040,622 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 1 28-11695 Pershing Square GP, LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AUTOMATIC DATA PROCESSING IN COM 053015103 229256 5454582 SH SOLE 5454582 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 136431 3246030 SH SHARED 1 0 3246030 0 BORDERS GROUP INC COM 099709107 95 79533 SH SHARED 1 0 79533 0 BORDERS GROUP INC COM 099709107 12517 10518447 SH SOLE 10518447 0 0 CITIGROUP INC COM 172967101 213124 54647145 SH SHARED 1 0 54647145 0 CITIGROUP INC COM 172967101 358130 91828281 SH SOLE 91828281 0 0 CORRECTIONS CORP AMER NEW COM NEW 22025y407 144932 5872435 SH SHARED 1 0 5872435 0 CORRECTIONS CORP AMER NEW COM NEW 22025y407 124985 5064237 SH SOLE 5064237 0 0 FORTUNE BRANDS INC COM 349631101 319212 6484092 SH SOLE 6484092 0 0 FORTUNE BRANDS INC COM 349631101 48317 981463 SH SHARED 1 0 981463 0 GENERAL GROWTH PPTYS INC COM 370021107 239497 15352357 SH SOLE 15352357 0 0 GENERAL GROWTH PPTYS INC COM 370021107 134182 8601425 SH SHARED 1 0 8601425 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 2280 91144 SH SHARED 1 0 91144 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 3975 158856 SH SOLE 158856 0 0 KRAFT FOODS INC CL A 50075N104 318135 10308973 SH SHARED 1 0 10308973 0 KRAFT FOODS INC CL A 50075N104 534589 17323050 SH SOLE 17323050 0 0 LANDRYS RESTAURANTS INC COM 51508L103 19206 784255 SH SHARED 1 0 784255 0 LANDRYS RESTAURANTS INC COM 51508L103 18857 770000 SH SOLE 770000 0 0 PENNEY J C INC COM 708160106 53168 1956143 SH SHARED 1 0 1956143 0 PENNEY J C INC COM 708160106 373884 13755851 SH SOLE 13755851 0 0 TARGET CORP COM 87612E106 473669 8863558 SH SOLE 8863558 0 0 TARGET CORP COM 87612E106 282181 5280338 SH SHARED 1 0 5280338 0