Pershing Square Capital Management, L.P.

Top Holdings8 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
LOW LOWES COS INC	10.2M	$2.1B	19.9%	—	$81.31	+127.28%	14 qtrssince 2018-Q4	Decreased 0
CMG CHIPOTLE MEXICAN GRILL INC	1.1M	$1.8B	17.0%	—	$9.35	+238.53%	14 qtrssince 2018-Q4	Unchanged 0
HLT HILTON WORLDWIDE HLDGS INC	10M	$1.5B	14.5%	—	$69.76	+116.82%	14 qtrssince 2018-Q4	Decreased 0
HHC HOWARD HUGHES CORPORATION	13.6M	$1.4B	13.6%	—	—	—	14 qtrssince 2018-Q4	Unchanged 0
QSR RESTAURANT BRANDS INTL INC	23.9M	$1.4B	13.4%	—	$42.86	+19.39%	14 qtrssince 2018-Q4	Decreased 0
NFLX NETFLIX INC.	3.1M	$1.2B	11.2%	—	$38.15	+87.60%	1 qtr	New 100
DPZ DOMINOS PIZZA INC	2.1M	$841.7M	8.1%	—	$349.39	+10.37%	5 qtrssince 2021-Q1	Decreased 0
??CANADIAN PACIFIC RAILWAY LTD	2.9M	$243M	2.3%	—	—	—	2 qtrssince 2021-Q4	Increased 58

$10.4B

Reported value

8

Positions

Q1 2022

Filing

HI score · 1.0/5

Quarterly 13F Value Change

Activity profile

$ moved · Q1'22

New44%Increased2%Decreased54%Exited0%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 2.2 years

<1Q13%1-4Q13%1-2Y13%2Y+63%

Pershing Square Capital Management, L.P. reported holdings worth $10.4B across 8 positions as of Q1 2022. Top holdings: LOW (19.9%), CMG (17.0%), HLT (14.5%). Fund DNA: Concentrated Value. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CMG14Q held

CHIPOTLE MEXICAN GRILL INC

Avg $9.35 · $24.9M est. P&L

—

Est. P&L

+238.53%

LOW14Q held

LOWES COS INC

Avg $81.31 · $1.1B est. P&L

—

Est. P&L

+127.28%

HLT14Q held

HILTON WORLDWIDE HLDGS INC

Avg $69.76 · $811M est. P&L

—

Est. P&L

+116.82%

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.