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

As of Mar 31, 2020, 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 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