Bill Ackman’s Chipotle Mexican Grill CMG Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2025
Q4 | – | Sell |
-21,541,177
| Closed | -$844M | – | 12 |
|
|
2025
Q3 | $844M | Hold |
21,541,177
| – | – | 5.77% | 8 |
|
|
2025
Q2 | $1.21B | Hold |
21,541,177
| – | – | 8.81% | 6 |
|
|
2025
Q1 | $1.08B | Sell |
21,541,177
-3,112,356
| -13% | -$169M | 9.07% | 5 |
|
|
2024
Q4 | $1.49B | Sell |
24,653,533
-4,161,632
| -14% | -$251M | 11.74% | 3 |
|
|
2024
Q3 | $1.66B | Hold |
28,815,165
| – | – | 12.85% | 3 |
|
|
2024
Q2 | $1.81B | Sell |
28,815,165
-8,384,035
| -23% | -$521M | 17.34% | 2 |
|
|
2024
Q1 | $2.16B | Sell |
37,199,200
-4,050,700
| -10% | -$207M | 20.1% | 1 |
|
|
2023
Q4 | $1.89B | Sell |
41,249,900
-6,430,500
| -13% | -$268M | 18.15% | 1 |
|
|
2023
Q3 | $1.75B | Hold |
47,680,400
| – | – | 16.65% | 1 |
|
|
2023
Q2 | $2.04B | Sell |
47,680,400
-3,778,900
| -7% | -$149M | 18.86% | 1 |
|
|
2023
Q1 | $1.76B | Sell |
51,459,300
-3,801,100
| -7% | -$119M | 17.21% | 2 |
|
|
2022
Q4 | $1.53B | Hold |
55,260,400
| – | – | 17.46% | 3 |
|
|
2022
Q3 | $1.66B | Hold |
55,260,400
| – | – | 21.08% | 2 |
|
|
2022
Q2 | $1.44B | Sell |
55,260,400
-475,850
| -0.9% | -$13.3M | 19.36% | 2 |
|
|
2022
Q1 | $1.76B | Hold |
55,736,250
| – | – | 16.97% | 2 |
|
|
2021
Q4 | $1.95B | Hold |
55,736,250
| – | – | 18.08% | 3 |
|
|
2021
Q3 | $2.03B | Buy |
55,736,250
+1,429,450
| +3% | +$52M | 21.41% | 2 |
|
|
2021
Q2 | $1.68B | Hold |
54,306,800
| – | – | 15.72% | 3 |
|
|
2021
Q1 | $1.54B | Sell |
54,306,800
-3,754,800
| -6% | -$109M | 14.75% | 4 |
|
|
2020
Q4 | $1.61B | Hold |
58,061,600
| – | – | 16.1% | 2 |
|
|
2020
Q3 | $1.44B | Hold |
58,061,600
| – | – | 16.37% | 3 |
|
|
2020
Q2 | $1.22B | Hold |
58,061,600
| – | – | 15.76% | 3 |
|
|
2020
Q1 | $760M | Sell |
58,061,600
-28,153,900
| -33% | -$445M | 11.56% | 5 |
|
|
2019
Q4 | $1.44B | Hold |
86,215,500
| – | – | 22.03% | 1 |
|
|
2019
Q3 | $1.45B | Sell |
86,215,500
-2,920,000
| -3% | -$46.6M | 22.33% | 1 |
|
|
2019
Q2 | $1.31B | Sell |
89,135,500
-4,000,000
| -4% | -$56.4M | 19.48% | 1 |
|
|
2019
Q1 | $1.32B | Sell |
93,135,500
-3,904,450
| -4% | -$45.3M | 19.7% | 1 |
|
|
2018
Q4 | $838M | Sell |
97,039,950
-5,915,350
| -6% | -$53.5M | 14.07% | 3 |
|
|
2018
Q3 | $936M | Sell |
102,955,300
-41,167,850
| -29% | -$392M | 17.97% | 3 |
|
|
2018
Q2 | $1.24B | Hold |
144,123,150
| – | – | 21.42% | 2 |
|
|
2018
Q1 | $931M | Hold |
144,123,150
| – | – | 19.27% | 2 |
|
|
2017
Q4 | $833M | Hold |
144,123,150
| – | – | 14.19% | 4 |
|
|
2017
Q3 | $887M | Hold |
144,123,150
| – | – | 17.35% | 3 |
|
|
2017
Q2 | $1.2B | Hold |
144,123,150
| – | – | 19.94% | 2 |
|
|
2017
Q1 | $1.28B | Hold |
144,123,150
| – | – | 21.54% | 2 |
|
|
2016
Q4 | $1.09B | Buy |
144,123,150
+116,412,500
| +420% | +$918M | 18.39% | 2 |
|
|
2016
Q3 | $235M | Buy |
+27,710,650
| New | +$228M | 4.34% | 8 |
|
Other funds holding CMG
Bill Ackman's CMG Position: Q4 2025 in Review
Bill Ackman sold out of Chipotle Mexican Grill (CMG) in Q4 2025, closing a stake of 21,541,177 shares — an estimated $844M sold.
Bill Ackman first reported a position in CMG in Q3 2016 and held it in 37 quarters. The position peaked at $2.16B in Q1 2024. 1,340 funds tracked by Wall St. Rank hold CMG as of Q4 2025.
- Bill Ackman reported no remaining Chipotle Mexican Grill position as of Q4 2025 after selling out during the quarter.
- Bill Ackman sold 21,541,177 Chipotle Mexican Grill shares in Q4 2025, an estimated $844M.
- Bill Ackman first reported a position in Chipotle Mexican Grill in Q3 2016 and held it in 37 quarters.
- Bill Ackman's Chipotle Mexican Grill position peaked at $2.16B in Q1 2024.
- 1,340 funds tracked by Wall St. Rank held Chipotle Mexican Grill as of Q4 2025.
Based on Pershing Square Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.