Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q2 2018)

As of Jun 30, 2018, 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 Q2 2018, the filing reported:

New Buys - Lowe's Companies, Inc.

Increases - Mondelez International, Inc.

Reductions - Automatic Data Processing, Inc., Restaurant Brands International

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
Q2 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-3,716,592	-46.8%	$566.79K	4,225,365
Q2 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy - Position Entry	+7,715,501	-	$737.37K	7,715,501
Q2 2018	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+215,122	+1.3%	$671.24K	16,371,713
Q2 2018	QSR Restaurant Brands International	Restaurant Brands International	Sell	-3,476,376	-14.3%	$1.26M	20,843,919