United Technologies; ADP UTX; ADP
The three reasons
- 1
PSH exited United Technologies as of June 10, 2019
- 2
PSH exited ADP as of July 31, 2019
- 3
PSH acquired a new investment representing 12% of Net Asset Value
KPIs cited
Pattern membership
Where this document fits across the library's 12 rhetorical / structural patterns.
Notes
Very short (1-page) press release announcing PSH's exits from UTX and ADP positions and the acquisition of an undisclosed new position sized at 12% of NAV. No thesis, no argument, no visuals — purely transactional disclosure. Details deferred to the upcoming Semiannual Financial Statements. Not a contrarian argument specimen; included for completeness of the Pershing Square corpus. Closest campaign_phase is 'post_mortem' since it marks the end of two campaigns, though the document itself offers no reflection.