Exited position

Bill Ackman’s Target Corp (TGT) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Pershing Square Capital ManagementVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ2 2007Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares26.01MHighest verified quarter-end share count
Quarters reported12Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported Target Corp in Q2 2007. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Pershing Square Capital Management sold the entire position in Q1 2011, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q1 2011
Sold the entire position−7.40M shares · No shares reported at quarter-end
Q4 2010
Sold 47.7% of the position−6.74M shares · 7.40M shares remained
Filing context

Quarter-end price $60.13 · Estimated holding basis $39.79

Q3 2010
Sold 31.6% of the position−6.54M shares · 14.14M shares remained
Filing context

Quarter-end price $53.44 · Estimated holding basis $39.79

Q2 2010
Sold 0.03% of the position−5.30K shares · 20.68M shares remained
Filing context

Quarter-end price $49.17 · Estimated holding basis $39.79

Q1 2010
Sold 0.5% of the position−105.31K shares · 20.69M shares remained
Filing context

Quarter-end price $52.60 · Estimated holding basis $39.79

Q4 2009
Sold 20.1% of the position−5.22M shares · 20.79M shares remained
Filing context

Quarter-end price $48.37 · Estimated holding basis $39.79

Portfolio importance

How important was Target Corp in Pershing Square Capital Management’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight7.8%Q4 2010
Last reported rank#6of 12 reported positions
Peak portfolio weight71.2%Q4 2009
Best historical rank#1Q1 2008
At peak importanceQ4 2009
TGT
71.2%
Largest holding
71.2%
Cross-investor discovery

Who else owns Target Corp?

Also reported by 2 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
TGT0.1% of reported portfolio
Ray DalioBridgewater Associates, LP
TGT0.0% of reported portfolio
Explore Target Corp across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$154.402026-09-15

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.