Bill Ackman | Pershing Square Capital Management, L.p.

This pages lists all securities owned by Pershing Square Capital Management, L.p. going back to 2013 Q2. At the top of the list are companies that have been held the longest such as The Howard Hughes Corporation, Restaurant Brands International Inc., and Chipotle Mexican Grill, Inc..

Name	Ticker	Quarters Owned	First Quarter Owned	Latest Quarter Owned	Min % of Portfolio	Avg % of Portfolio	Max % of Portfolio
The Howard Hughes Corporation	HHC	37	'13 Q2	'22 Q2	1.96%	6.59%	13.58%
Restaurant Brands International Inc.	QSR	31	'14 Q4	'22 Q2	9.19%	19.18%	40.71%
Chipotle Mexican Grill, Inc.	CMG	24	'16 Q3	'22 Q2	4.34%	17.47%	23.13%
Platform Specialty Prods Cor		20	'14 Q1	'18 Q4	3.88%	6.94%	9.68%
Lowe's Companies, Inc.	LOW	17	'18 Q2	'22 Q2	12.70%	18.69%	25.01%
Air Products and Chemicals, Inc.	APD	16	'13 Q2	'17 Q1	5.18%	17.45%	29.19%
Hilton Worldwide Holdings Inc.	HLT	15	'18 Q4	'22 Q2	12.92%	15.11%	18.57%
Canadian Pacific Railway Limited	CP	15	'13 Q2	'22 Q2	2.34%	18.61%	31.55%
Mondelez International, Inc.	MDLZ	12	'15 Q3	'18 Q2	10.40%	13.92%	18.61%
Starbucks Corporation	SBUX	9	'18 Q4	'20 Q4	7.32%	10.70%	13.14%

Industry Breakdown

Disclaimer: Investor holdings are derived from 13F filings which are required to be filed by all institutional investment managers with at least $100 million in assets under management. Limitations to this data include but are not limited to: (1) SEC does not review 13Fs for accuracy or completeness, (2) cash, foreign stocks, short positions, and a variety of other assets are not required to be reported, (3) 13Fs are often filed 45 days after the end of the quarter, by which time a manager's positions and outlook could have changed significantly, (4) the market value does not tell us at what price the manager acquired the asset, and (5) data is only available starting mid 2013. Please do your own research before drawing any conclusions from this data.