Pershing Square Capital Management, L.P.

Holdings History for Air Products & Chemicals, Inc. - Common Stock (APD)

Symbol: APD on NYSE
Investment type: Equity / Common Stock

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
30 Jun 2017		-5.2%	$0	0	-2,280,138	-100%	$283.50	Q2 2017
31 Mar 2017	5.2%	-3.6%	$308,480,000	2,280,138	-1,590,622	-41%	$135.29	Q1 2017
31 Dec 2016	9.4%	-0.38%	$556,693,000	3,870,760	-154,380	-3.8%	$143.82	Q4 2016
30 Sep 2016	11%	-9.9%	$605,140,000	4,025,140	-3,576,000	-47%	$150.34	Q3 2016
30 Jun 2016	14%	0%	$1,079,666,000	7,601,140	0		$142.04	Q2 2016
31 Mar 2016	12%	-21%	$1,094,944,000	7,601,140	-12,947,936	-63%	$144.05	Q1 2016
31 Dec 2015	21%	0%	$2,673,640,000	20,549,076	0		$130.11	Q4 2015
30 Sep 2015	19%	0%	$2,621,651,000	20,549,076	0		$127.58	Q3 2015
30 Jun 2015	19%	0%	$2,811,730,000	20,549,076	0		$136.83	Q2 2015
31 Mar 2015	21%	0%	$3,108,664,000	20,549,076	0		$151.28	Q1 2015
31 Dec 2014	18%	0%	$2,963,793,000	20,549,076	0		$144.23	Q4 2014
30 Sep 2014	20%	0%	$2,675,079,000	20,549,076	0		$130.18	Q3 2014
30 Jun 2014	21%	0%	$2,643,022,000	20,549,076	0		$128.62	Q2 2014
31 Mar 2014	29%	0%	$2,446,162,000	20,549,076	0		$119.04	Q1 2014
31 Dec 2013	28%	0%	$2,296,976,000	20,549,076	0		$111.78	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.