Question 1

Does Pershing Square Capital Management own CMG stock?

Accepted Answer

No. Pershing Square Capital Management exited its CMG (Chipotle Mexican Grill) position in Q4 2025. Its Q3 2025 13F listed 21,541,177 shares worth $844.2M.

Question 2

How many shares of CMG does Pershing Square Capital Management own?

Accepted Answer

None since Q4 2025, when Pershing Square Capital Management exited the position. Its Q3 2025 13F listed 21,541,177 shares worth $844.2M.

Question 3

What is Pershing Square Capital Management's CMG position worth?

Accepted Answer

Pershing Square Capital Management's CMG position was worth $844.2M in its Q3 2025 13F, before the exit in Q4 2025.

Question 4

Is Pershing Square Capital Management buying or selling CMG?

Accepted Answer

In Q4 2025, Pershing Square Capital Management exited its entire CMG position.

Question 5

When did Pershing Square Capital Management first buy CMG?

Accepted Answer

Pershing Square Capital Management already held CMG in its Q4 2018 13F, the earliest on record, and listed it in 28 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2025-Q4 Latest	Exited	0	-100.0%	$0	0.0%	$37.00	0
2025-Q3	Unchanged	21.5M	0.0%	$844.2M	5.8%	$39.19	0
2025-Q2	Unchanged	21.5M	0.0%	$1.2B	8.8%	$56.15	0
2025-Q1	Decreased	21.5M	-12.6%	$1.1B	9.1%	$50.21	0
2024-Q4	Decreased	24.7M	-14.4%	$1.5B	11.7%	$60.30	0
2024-Q3	Unchanged	28.8M	0.0%	$1.7B	12.9%	$57.62	0
2024-Q2	Increased	28.8M	+3773.1%	$1.8B	17.3%	$62.65	100
2024-Q1	Decreased	743,984	-9.8%	$2.2B	20.1%	$58.14	0
2023-Q4	Decreased	824,998	-13.5%	$1.9B	18.1%	$45.74	0
2023-Q3	Unchanged	953,608	0.0%	$1.7B	16.6%	$36.64	0
2023-Q2	Decreased	953,608	-7.3%	$2B	18.9%	$42.78	0
2023-Q1	Decreased	1M	-6.9%	$1.8B	17.2%	$34.17	0
2022-Q4	Unchanged	1.1M	0.0%	$1.5B	17.5%	$27.75	0
2022-Q3	Unchanged	1.1M	0.0%	$1.7B	21.1%	$30.06	0
2022-Q2	Decreased	1.1M	-0.8%	$1.4B	19.4%	$26.15	0
2022-Q1	Unchanged	1.1M	0.0%	$1.8B	17.0%	$31.64	0
2021-Q4	Unchanged	1.1M	0.0%	$1.9B	18.1%	$34.97	0
2021-Q3	Increased	1.1M	+2.6%	$2B	21.4%	$36.35	67
2021-Q2	Unchanged	1.1M	0.0%	$1.7B	15.7%	$31.01	0
2021-Q1	Decreased	1.1M	-6.5%	$1.5B	14.8%	$28.42	0
2020-Q4	Unchanged	1.2M	0.0%	$1.6B	16.1%	$27.73	0
2020-Q3	Unchanged	1.2M	0.0%	$1.4B	16.4%	$24.87	0
2020-Q2	Unchanged	1.2M	0.0%	$1.2B	15.8%	$21.05	0
2020-Q1	Decreased	1.2M	-32.7%	$759.9M	11.6%	$13.09	0
2019-Q4	Unchanged	1.7M	0.0%	$1.4B	22.0%	$16.74	0
2019-Q3	Decreased	1.7M	-3.3%	$1.4B	22.3%	$16.81	0
2019-Q2	Decreased	1.8M	-4.3%	$1.3B	19.5%	$14.66	0
2019-Q1	Decreased	1.9M	-4.0%	$1.3B	19.7%	$14.21	0
2018-Q4	First report	1.9M	-	$838M	14.1%	$8.64	0

CMG29 quarters

CMG
29 quarters