Pershing Square Capital Management, L.P.

Top Holdings9 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
HLT HILTON WORLDWIDE HLDGS INC	9M	$2B	18.8%	—	$78.07	+178.50%	23 qtrssince 2018-Q4	Decreased 0
CMG CHIPOTLE MEXICAN GRILL INC	28.8M	$1.8B	17.3%	—	$9.35	+570.30%	23 qtrssince 2018-Q4	Increased 100
QSR RESTAURANT BRANDS INTL INC	23.1M	$1.6B	15.6%	—	$42.95	+55.20%	23 qtrssince 2018-Q4	Decreased 0
GOOG ALPHABET INC	7.5M	$1.4B	13.3%	—	$103.16	+76.68%	6 qtrssince 2023-Q1	Decreased 0
HHH HOWARD HUGHES HOLDINGS INC	18.9M	$1.2B	11.7%	—	$71.85	-14.00%	4 qtrssince 2023-Q3	Unchanged 0
CP CANADIAN PACIFIC KANSAS CITY	15M	$1.2B	11.3%	—	$78.01	-0.05%	5 qtrssince 2023-Q2	Decreased 0
GOOGL ALPHABET INC	4M	$726.1M	7.0%	—	$114.95	+57.45%	6 qtrssince 2023-Q1	Decreased 0
BN BROOKFIELD CORP	6.9M	$284.7M	2.7%	—	$27.30	0.00%	1 qtr	New 83
NKE NIKE INC	3M	$229.1M	2.2%	—	$72.94	0.00%	1 qtr	New 82

$10.4B

Reported value

9

Positions

Q2 2024

Filing

HI score · 1.0/5

Quarterly 13F Value Change

Activity profile

$ moved · Q2'24

New38%Increased26%Decreased36%Exited0%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 2.3 years

<1Q22%1-4Q11%1-2Y33%2Y+33%

Pershing Square Capital Management, L.P. reported holdings worth $10.4B across 9 positions as of Q2 2024. Top holdings: HLT (18.8%), CMG (17.3%), QSR (15.6%). Fund DNA: Concentrated Value. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CMG23Q held

CHIPOTLE MEXICAN GRILL INC

Avg $9.35 · $1.5B est. P&L

—

Est. P&L

+570.30%

HLT23Q held

HILTON WORLDWIDE HLDGS INC

Avg $78.07 · $1.2B est. P&L

—

Est. P&L

+178.50%

GOOG6Q held

ALPHABET INC

Avg $103.16 · $597M est. P&L

—

Est. P&L

+76.68%

Top Losers

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