Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2023. 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 2023, the filing reported:

New Buys - Alphabet Inc., Alphabet Inc.

Increases - None reported

Reductions - Chipotle Mexican Grill, Inc., Hilton Worldwide Holdings Inc., Lowe's Companies, 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 2023	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-76,022	-6.9%	$1.76B	1,029,186
Q1 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+8,069,770	-	$839.26M	8,069,770
Q1 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+2,185,000	-	$226.65M	2,185,000
Q1 2023	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell	-732,539	-7.3%	$1.31B	9,299,041
Q1 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-338,687	-3.3%	$2.01B	10,036,114