What’s Inside Bill Ackman’s Pershing Square Portfolio?

Bill Ackman owns just a handful of mostly large-cap stocks in the Pershing Square portfolio. A regulatory filing on Wednesday is set to disclose whether the hedge fund titan made any changes to those highly concentrated bets in the second quarter.

Check back for updates on Ackman’s Q2 stock buys and sells.

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Pershing Square Portfolio

Ackman’s portfolio includes a large stake in Chipotle Mexican Grill (CMG). A self-described fundamental value investor, Pershing Square opened a position in the burrito chain in 2016 when it was facing food-safety issues.

Other holdings in the portfolio include Google-parent Alphabet (GOOGL) and Burger King-parent Restaurant Brands (QSR).

The Pershing Square portfolio also finds a place for Hilton Hotels (HLT), Canadian Pacific Railway (CP) and Howard Hughes (HHH), a real estate holding. It also includes Universal Music Group, which is not publicly traded in the U.S. market.

In Q1, Pershing Square cut large stakes in the two restaurant stocks, according to whalewisdom.com, which tracks 13F filings.

Pershing Square exited a “highly successful” Lowe’s (LOW) position in 2023 because “future returns had become less certain” given the current climate, the annual report said.

Bill Ackman’s Social Clout, Downsized IPO

Ackman has 1.3 million followers on social media platform X. In recent times, his tweets on the Ukraine war, Israel-Palestine, college protests and other topics have burnished his social media influence.

The billionaire investor in July endorsed former President Donald Trump in the upcoming U.S. presidential election.

Chipotle stock rose a fraction in Wednesday’s stock market trading after tumbling 7.5% on Tuesday. Its CEO exited to Starbucks (SBUX). CMG stock has dived since hitting a record high in June.

A Fortune report on Aug. 3 said that Ackman’s main Pershing Square fund had erased most of its 2024 gains in the last half of July. But it has delivered market-beating returns over the past 20 years or so.

Ackman withdrew plans for an initial public offering of Pershing Square USA at the end of July. That came after the fundraising goal shrank from an initial $25 billion to $2 billion before the IPO was pulled.

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