Bill Ackman - Pershing Square Capital Management Portfolio

Name: Investment Portfolio Data
License: https://creativecommons.org/licenses/by/4.0/

Period Date		Mar 31, 2025
Filing Date		May 15, 2025
Total Stocks		11
Portfolio Value		$11.93B

Pershing Square Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2019Jun 30, 2019	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-80,000-4.3%	$1.31M	1,782,710
Q2 2019Jun 30, 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-414,498-4.4%	$898.15K	8,900,535
Q2 2019Jun 30, 2019	SBUX Starbucks Corporation	Starbucks Corporation	Sell	-680,159-6.8%	$780.78K	9,313,890
Q2 2019Jun 30, 2019	QSR Restaurant Brands International	Restaurant Brands International	Sell	-2,701,638-14.7%	$1.09M	15,641,065
Q1 2019Mar 31, 2019	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+18,772+0.2%	$911.40K	10,966,251
Q1 2019Mar 31, 2019	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-40,600-1.0%	$643.68K	4,029,526
Q1 2019Mar 31, 2019	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-78,089-4.0%	$1.32M	1,862,710
Q1 2019Mar 31, 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-221,558-2.3%	$1.02M	9,315,033
Q1 2019Mar 31, 2019	QSR Restaurant Brands International	Restaurant Brands International	Sell	-1,342,899-6.8%	$1.19M	18,342,703
Q1 2019Mar 31, 2019	SBUX Starbucks Corporation	Starbucks Corporation	Sell	-1,760,392-15.0%	$742.96K	9,994,049
Q4 2018Dec 31, 2018	SBUX Starbucks Corporation	Starbucks Corporation	Buy - Position Entry	+11,754,441	$756.99K	11,754,441
Q4 2018Dec 31, 2018	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy - Position Entry	+10,947,479	$786.03K	10,947,479
Q4 2018Dec 31, 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+1,097,790+13.0%	$880.80K	9,536,591
Q4 2018Dec 31, 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+40,699+1.0%	$533.67K	4,070,126
Q4 2018Dec 31, 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-118,307-5.7%	$838.02K	1,940,799
Q4 2018Dec 31, 2018	QSR Restaurant Brands International	Restaurant Brands International	Sell	-1,158,317-5.6%	$1.03M	19,685,602
Q3 2018Sep 30, 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+723,300+9.4%	$968.94K	8,438,801
Q3 2018Sep 30, 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-195,938-4.6%	$607.07K	4,029,427
Q3 2018Sep 30, 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-823,357-28.6%	$935.90K	2,059,106
Q3 2018Sep 30, 2018	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell - Position Exit	-16,371,713-100.0%	$0.00	-
Q2 2018Jun 30, 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy - Position Entry	+7,715,501	$737.37K	7,715,501
Q2 2018Jun 30, 2018	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+215,122+1.3%	$671.24K	16,371,713
Q2 2018Jun 30, 2018	QSR Restaurant Brands International	Restaurant Brands International	Sell	-3,476,376-14.3%	$1.26M	20,843,919
Q2 2018Jun 30, 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-3,716,592-46.8%	$566.79K	4,225,365
Q1 2018Mar 31, 2018	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-856,485-9.7%	$901.25K	7,941,957
Q1 2018Mar 31, 2018	QSR Restaurant Brands International	Restaurant Brands International	Sell	-2,180,434-8.2%	$1.38M	24,320,295
Q1 2018Mar 31, 2018	NKE Nike, Inc.	Nike, Inc.	Sell - Position Exit	-5,836,020-100.0%	$0.00	-
Q1 2018Mar 31, 2018	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell	-7,099,811-30.5%	$674.22K	16,156,591
Q4 2017Dec 31, 2017	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+9,328,957+67.0%	$995.37K	23,256,402
Q4 2017Dec 31, 2017	NKE Nike, Inc.	Nike, Inc.	Buy - Position Entry	+5,836,020	$365.04K	5,836,020

Page 5 of 7 • 182 total trades

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