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Pershing Exits Nike, Buys United Technologies: 13F

Nathan Reiff

Two major changes to the Pershing Square portfolio this quarter included one liquidation and one new position entered. Ackman sold off Nike Inc. ( NKE), exiting the position that formerly occupied about 6.22% of the portfolio. It was sold last quarter at prices ranging from $62.50 to $70, depending upon when in the three-month period Pershing Square sold the shares.