Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q3 2018)

As of Sep 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 Q3 2018, the filing reported:

New Buys - None reported

Increases - Lowe's Companies, Inc.

Reductions - Automatic Data Processing, Inc., Chipotle Mexican Grill, Inc.

Complete Exits - Mondelez International, Inc.

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
Q3 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-195,938	-4.6%	$607.07K	4,029,427
Q3 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-823,357	-28.6%	$935.90K	2,059,106
Q3 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+723,300	+9.4%	$968.94K	8,438,801
Q3 2018	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell - Position Exit	-16,371,713	-100.0%	$0.00	-