Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2016)

As of Mar 31, 2016, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - Nomad Foods

Increases - Restaurant Brands International

Reductions - Air Products and Chemicals, Inc, Mondelez International, Inc.

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-12,947,936	-63.0%	$1.09M	7,601,140
Q1 2016	G6564A105 Nomad Foods	Nomad Foods	Buy - Position Entry	+33,333,334	-	$300.33K	33,333,334
Q1 2016	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell	-20,424,117	-47.1%	$920.44K	22,942,225
Q1 2016	QSR Restaurant Brands International	Restaurant Brands International	Buy	+1,146,567	+3.0%	$1.52M	39,150,551