Sustainable Growth Advisers’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
2026 Q1	$250M	Sell	7,818,154 -1,859,370	-19%	-$68.8M	2.36%	21
2025 Q4	$358M	Sell	9,677,524 -2,818,114	-23%	-$102M	2.48%	17
2025 Q3	$490M	Buy	12,495,638 +1,862,855	+18%	+$83.9M	2.87%	14
2025 Q2	$597M	Buy	+10,632,783	New	+$541M	3.08%	13
2018 Q1	–	Sell	-30,852,500	Closed	-$178M	–	48
2017 Q4	$178M	Buy	30,852,500 +4,205,000	+16%	+$25.1M	2.09%	25
2017 Q3	$164M	Buy	26,647,500 +8,770,550	+49%	+$59.1M	2.24%	25
2017 Q2	$149M	Buy	17,876,950 +942,800	+6%	+$8.75M	2.17%	27
2017 Q1	$151M	Sell	16,934,150 -455,950	-3%	-$3.76M	2.56%	24
2016 Q4	$131M	Sell	17,390,100 -675,200	-4%	-$5.33M	2.62%	21
2016 Q3	$153M	Buy	18,065,300 +3,105,250	+21%	+$25.5M	2.88%	21
2016 Q2	$121M	Buy	14,960,050 +2,376,200	+19%	+$20.7M	2.54%	23
2016 Q1	$119M	Buy	+12,583,850	New	+$120M	2.61%	23
2014 Q4	–	Sell	-81,650	Closed	-$1.09M	–	49
2014 Q3	$1.09M	Buy	+81,650	New	+$1.07M	0.02%	45