13F-HR 1 pers4q09.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: December 31, 2009 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 February 16, 2010 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: 13 Form13F Information Table Value Total: $1,413,026 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AUTOMATIC DATA PROCESSING IN COM 053015103 4902 114482 SH SHARED 1 0 114482 0 BORDERS GROUP INC COM 099709107 12412 10518447 SH SOLE 10518447 0 0 BORDERS GROUP INC COM 099709107 94 79533 SH SHARED 1 0 79533 0 CORRECTIONS CORP AMER NEW COM NEW 22025y407 132920 5414237 SH SOLE 5414237 0 0 CORRECTIONS CORP AMER NEW COM NEW 22025y407 135576 5522435 SH SHARED 1 0 5522435 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 3747 158856 SH SOLE 158856 0 0 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 2150 91144 SH SHARED 1 0 91144 0 HYATT HOTELS CORP COM CL A 448579102 46983 1576078 SH SOLE 1576078 0 0 HYATT HOTELS CORP COM CL A 448579102 35500 1190880 SH SHARED 1 0 1190880 0 LANDRYS RESTAURANTS INC COM 51508L103 16393 770000 SH SOLE 770000 0 0 LANDRYS RESTAURANTS INC COM 51508L103 16697 784255 SH SHARED 1 0 784255 0 TARGET CORP COM 87612E106 642245 13277747 SH SOLE 13277747 0 0 TARGET CORP COM 87612E106 363407 7513068 SH SHARED 2 0 7513068 0