◆ Contrarian Corpus
Corpus / Pershing Square → United Technologies; ADP
activist press release follow up
2019-08-05 · 1 pages

United Technologies; ADP UTX; ADP

N 1 Narrative
V 1 Visual
C 1 Craft
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KPIs cited

New investment as % of NAV
New (undisclosed) position represents 12% of Pershing Square Holdings' Net Asset Value

Pattern membership

Where this document fits across the library's 12 rhetorical / structural patterns. Orange cells are present in this deck; neutral cells are not.

Villain named CEO-quote contradiction Before / after framing Peer-gap chart Sum of parts Fraud exposé Break-up / spinoff Governance / board Management change Proxy fight Top visual craft Masterclass

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Notes

One-page PSH press release (Camarco, London) announcing exits from United Technologies (as of 10 June 2019) and ADP (as of 31 July 2019), plus the acquisition of an undisclosed new position sized at 12% of NAV, with further detail deferred to the upcoming Semiannual Financial Statements. No thesis, argument, visuals, precedents, or closing ask — purely transactional portfolio disclosure. Classified as follow_up per corpus guidance on fund-level updates; not a contrarian argument specimen.

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