Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2019)

As of Mar 31, 2019, 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 2019, the filing reported:

New Buys - None reported

Increases - Hilton Worldwide Holdings Inc.

Reductions - Automatic Data Processing, Inc., Chipotle Mexican Grill, Inc., Lowe's Companies, Inc., Restaurant Brands International, Starbucks Corporation

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 2019	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-40,600	-1.0%	$643.68K	4,029,526
Q1 2019	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-78,089	-4.0%	$1.32M	1,862,710
Q1 2019	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+18,772	+0.2%	$911.40K	10,966,251
Q1 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-221,558	-2.3%	$1.02M	9,315,033
Q1 2019	QSR Restaurant Brands International	Restaurant Brands International	Sell	-1,342,899	-6.8%	$1.19M	18,342,703
Q1 2019	SBUX Starbucks Corporation	Starbucks Corporation	Sell	-1,760,392	-15.0%	$742.96K	9,994,049