Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q4 2016)

As of Dec 31, 2016, 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 Q4 2016, the filing reported:

New Buys - None reported

Increases - Chipotle Mexican Grill, Inc.

Reductions - Air Products and Chemicals, Inc

Complete Exits - Zoetis 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
Q4 2016	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell	-154,380	-3.8%	$556.69K	3,870,760
Q4 2016	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Buy	+2,328,250	+420.1%	$1.09M	2,882,463
Q4 2016	ZTS Zoetis Inc.	Zoetis Inc.	Sell - Position Exit	-2,717,719	-100.0%	$0.00	-