Bill Ackman - Pershing Square Capital Management

Holding/activity history for  Target Corp. (TGT)

PeriodShares% of PortfolioActivity% Change to PortfolioReported Price
2011   Q1 0 0 Sell 100.00% 7.79
2010   Q4 7,399,622 7.79 Reduce 47.68% 7.10 $60.13
2010   Q3 14,143,896 18.71 Reduce 31.61% 8.65 $53.44
2010   Q2 20,680,203 29.04 Reduce 0.03% 0.01 $49.17
2010   Q1 20,685,503 32.79 Reduce 0.51% 0.17 $52.60
2009   Q4 20,790,815 53.03 Reduce 20.07% 13.32 $48.37
2009   Q3 26,012,799 38.80 Add 4.58% 1.70 $46.68
2009   Q2 24,873,329 44.85 $39.47
2009   Q1 24,873,329 44.39 Reduce 7.03% 3.36 $34.39
2008   Q4 26,754,804 38.83 Add 36.44% 10.37 $34.53
2008   Q3 19,608,749 25.40 $49.05
2008   Q2 19,608,749 30.02 Reduce 18.27% 6.71 $46.49
2008   Q1 23,992,949 52.00 Add 217.27% 35.61 $50.68
2007   Q4 7,562,260 27.99 Add 112.42% 14.81 $50.00
2007   Q3 3,560,060 7.64 Add 112.15% 4.04 $63.43
2007   Q2 1,678,060 4.37 $63.60