Bill Ackman Pershing Square Capital Management
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a New York–based hedge fund. He employs an activist investing approach, seeking to influence the management and direction of the publicly traded companies in which he invests. Frequently in the public eye, Ackman has been noted for both high-profile successes and controversies, such as his well-known short position in Herbalife.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$727M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$750M |
| 2 |
Restaurant Brands International
QSR
|
+$181M |
| 3 |
Chipotle Mexican Grill
CMG
|
+$56.4M |
| 4 |
Starbucks
SBUX
|
+$53.3M |
| 5 |
Lowe's Companies
LOW
|
+$43.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 76.7% |
| 2 | Financials | 11.16% |
| 3 | Technology | 9.93% |
| 4 | Real Estate | 2.21% |
| 5 | Miscellaneous | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Chipotle Mexican Grill
CMG
$42.1B
| $1.31B | 19.48% |
89,135,500
-4,000,000
| -4% | -$56.4M |
2016 Q3
11 quarters
|
|
|
2
Restaurant Brands International
QSR
$25.9B
| $1.09B | 16.21% |
15,641,065
-2,701,638
| -15% | -$181M |
2014 Q4
18 quarters
|
|
3
Hilton Worldwide
HLT
$81B
| $1.07B | 15.98% |
10,966,251
| – | – |
2018 Q4
2 quarters
|
|
|
4
Lowe's Companies
LOW
$120B
| $898M | 13.39% |
8,900,535
-414,498
| -4% | -$43.7M |
2018 Q2
4 quarters
|
|
|
5
Starbucks
SBUX
$119B
| $781M | 11.64% |
9,313,890
-680,159
| -7% | -$53.3M |
2018 Q4
2 quarters
|
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.19T
| $749M | 11.16% |
+3,512,997
| New | +$727M |
2019 Q2
0 quarters
|
|
7
Automatic Data Processing
ADP
$117B
| $666M | 9.93% |
4,029,526
| – | – |
2017 Q2
8 quarters
|
|
8
Howard Hughes
HHH
$4.56B
| $148M | 2.21% |
1,253,338
| – | – |
2013 Q2
24 quarters
|
|
|
9
RTX Corp
RTX
$275B
| – | – |
-9,246,714
| Closed | -$750M | – |
|
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Bill Ackman's Q2 2019 Portfolio in Review
As of Q2 2019, Bill Ackman held 9 positions worth $6.71B, down 0.13% from $6.72B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bill Ackman withdrew a net $357M in Q2 2019, closing 1 position and reducing 4 holdings. Its most notable exit was RTX Corp, an estimated $750M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 77% of assets, down from 77% a quarter earlier, followed by Financials and Technology.
Against the trend, Bill Ackman opened a new position in Berkshire Hathaway Class B worth $749M.
- Bill Ackman's largest Q2 2019 buy was Berkshire Hathaway Class B: 3,512,997 shares worth $749M.
- Bill Ackman's biggest Q2 2019 reduction was Restaurant Brands International, cutting an estimated $181M.
- Bill Ackman fully exited RTX Corp in Q2 2019, selling an estimated $750M.
- Bill Ackman's ten largest holdings make up 100% of its $6.71B portfolio in Q2 2019.
- Bill Ackman opened 1 new position and closed 1 in Q2 2019.
- Bill Ackman's portfolio value fell 0.13% quarter-over-quarter to $6.71B.
Based on Pershing Square Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.