Independent Franchise Partners’s Chipotle Mexican Grill CMG Stock Holding History

Independent Franchise Partners’s Portfolio CMG Stock Details CMG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-28,431,750	Closed	-$478M	–	23
2019 Q3	$478M	Sell	28,431,750 -1,389,600	-5%	-$22.2M	4.87%	11
2019 Q2	$437M	Buy	29,821,350 +286,500	+1%	+$4.04M	4.5%	13
2019 Q1	$420M	Sell	29,534,850 -26,238,900	-47%	-$304M	4.73%	11
2018 Q4	$482M	Sell	55,773,750 -9,336,500	-14%	-$84.4M	5.91%	9
2018 Q3	$592M	Sell	65,110,250 -833,650	-1%	-$7.93M	5.68%	10
2018 Q2	$569M	Sell	65,943,900 -15,500,150	-19%	-$127M	5.39%	11
2018 Q1	$526M	Buy	81,444,050 +62,866,150	+338%	+$396M	4.67%	11
2017 Q4	$107M	Buy	+18,577,900	New	+$111M	0.91%	19

Other funds holding CMG

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Independent Franchise Partners's CMG Position: Q4 2019 in Review

Independent Franchise Partners sold out of Chipotle Mexican Grill (CMG) in Q4 2019, closing a stake of 28,431,750 shares — an estimated $478M sold.

Independent Franchise Partners first reported a position in CMG in Q4 2017 and held it in 8 quarters. The position peaked at $592M in Q3 2018. 668 funds tracked by Wall St. Rank hold CMG as of Q4 2019.

Independent Franchise Partners reported no remaining Chipotle Mexican Grill position as of Q4 2019 after selling out during the quarter.
Independent Franchise Partners sold 28,431,750 Chipotle Mexican Grill shares in Q4 2019, an estimated $478M.
Independent Franchise Partners first reported a position in Chipotle Mexican Grill in Q4 2017 and held it in 8 quarters.
Independent Franchise Partners's Chipotle Mexican Grill position peaked at $592M in Q3 2018.
668 funds tracked by Wall St. Rank held Chipotle Mexican Grill as of Q4 2019.

Based on Independent Franchise Partners's 13F filing for Q4 2019, filed 13 Feb 2020.