By Josh Beckerman

Pershing Square Holdings Ltd. (PSH.AE), William Ackman's publicly traded vehicle, has exited its investments in United Technologies Corp. (UTX) and Automatic Data Processing Inc. (ADP).

The closed-end fund said it has acquired a new investment that represents 12% of net asset value. It will provide more details in its semiannual financial statements later this month.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

August 05, 2019 19:04 ET (23:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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