1 follower

Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2020)

According to the SEC 13F filed on May 15, 2026, the Pershing Square Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2020. 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 2020, the filing reported:

New Buys - Blackstone Inc., Park Hotels & Resorts Inc.

Increases - Agilent Technologies, Inc., Berkshire Hathaway Inc. New, Hilton Worldwide Holdings Inc., Lowe's Companies, Inc., Starbucks Corporation

Reductions - Chipotle Mexican Grill, 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 2020	A Agilent Technologies, Inc.	Agilent Technologies, Inc.	Buy	+9,378,479	+288.7%	$904.32K	12,626,593
Q1 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+1,437,766	+35.8%	$997.04K	5,453,360
Q1 2020	BX Blackstone Inc.	Blackstone Inc.	Buy - Position Entry	+548,526	-	$25.00K	548,526
Q1 2020	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-563,078	-32.7%	$759.91K	1,161,232
Q1 2020	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+3,232,784	+30.6%	$941.00K	13,789,589
Q1 2020	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+3,639,202	+42.3%	$1.05M	12,252,414
Q1 2020	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Buy - Position Entry	+677,888	-	$5.36K	677,888
Q1 2020	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+4,673,054	+85.6%	$666.01K	10,131,008