13F-HR 1 pers2q08.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: June 30, 2008 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: /s/ William A Ackman New York, NY/USA August 14, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Confidential information has been omitted from this Form 13F report and filed separately with the Commission. Number of Other Included Managers: 2 Form13F Information Table Entry Total: 21 Form13F Information Table Value Total: $2,454,234 (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 2 28-11926 Pershing Square Holdings 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BARNES & NOBLE INC COM 067774109 90539 3644900 SH SOLE 3644900 0 0 BARNES & NOBLE INC COM 067774109 71925 2895551 SH SHARED 1 0 2895551 0 BORDERS GROUP INC COM 099709107 31565 5260788 SH SOLE 5260788 0 0 BORDERS GROUP INC COM 099709107 32023 5337092 SH SHARED 1 0 5337092 0 CADBURY PLC SPONS ADR 12721E102 504 10025 SH SHARED 1 0 10025 0 CADBURY PLC SPONS ADR 12721E102 635 12619 SH SOLE 12619 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 272523 12989638 SH SOLE 12989638 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 176014 8389630 SH SHARED 1 0 8389630 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 2296 100421 SH SHARED 1 0 100421 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 3419 149579 SH SOLE 149579 0 0 LONGS DRUG STORES CORP COM 543162101 2194 52104 SH SOLE 52104 0 0 LONGS DRUG STORES CORP COM 543162101 1417 33653 SH SHARED 1 0 33653 0 MBIA INC COM 55262C100 1504 342600 SH PUT SHARED 1 0 342600 0 MBIA INC COM 55262C100 2328 530400 SH PUT SOLE 530400 0 0 SEARS HLDGS CORP COM 812350106 194520 2640779 SH SHARED 1 0 2640779 0 SEARS HLDGS CORP COM 812350106 302432 4105789 SH SOLE 4105789 0 0 TARGET CORP COM 87612E106 389667 8381745 SH SHARED 2 0 8381745 0 TARGET CORP COM 87612E106 558 12000 SH CALL SHARED 2 0 12000 0 TARGET CORP COM 87612E106 521943 11227004 SH SOLE 11227004 0 0 WENDYS INTL INC COM 950590109 216555 7955736 SH SOLE 7955736 0 0 WENDYS INTL INC COM 950590109 139673 5131264 SH SHARED 1 0 5131264 0