Pershing Square Capital Management, L.P.

Top Holdings7 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
LOW Lowes Companies, Inc.	12.4M	$2.1B	23.3%	—	$80.34	+84.79%	8 qtrssince 2018-Q4	Decreased 0
QSR RESTAURANT BRANDS INTL INC	25.1M	$1.4B	16.4%	—	$42.76	+11.92%	8 qtrssince 2018-Q4	Unchanged 0
CMG CHIPOTLE MEXICAN GRILL INC	1.2M	$1.4B	16.4%	—	$8.64	+188.04%	8 qtrssince 2018-Q4	Unchanged 0
A AGILENT TECHNOLOGIES INC	12.2M	$1.2B	14.0%	—	$70.86	+36.24%	5 qtrssince 2019-Q3	Decreased 0
HLT Hilton Worldwide Holdings Inc	13.4M	$1.1B	12.9%	—	$69.13	+23.72%	8 qtrssince 2018-Q4	Decreased 0
SBUX STARBUCKS CORP	10.1M	$870.5M	9.9%	—	$55.48	+35.28%	8 qtrssince 2018-Q4	Unchanged 0
HHC HOWARD HUGHES CORP	10.9M	$628.9M	7.1%	—	—	—	8 qtrssince 2018-Q4	Unchanged 0

$8.8B

Reported value

7

Positions

Q3 2020

Filing

HI score · 1.0/5

Quarterly 13F Value Change

Activity profile

$ moved · Q3'20

New0%Increased0%Decreased100%Exited0%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 1.6 years

<1Q0%1-4Q0%1-2Y100%2Y+0%

Pershing Square Capital Management, L.P. reported holdings worth $8.8B across 7 positions as of Q3 2020. Top holdings: LOW (23.3%), QSR (16.4%), CMG (16.4%). Fund DNA: Concentrated Value. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CMG8Q held

CHIPOTLE MEXICAN GRILL INC

Avg $8.64 · $18.9M est. P&L

—

Est. P&L

+188.04%

LOW8Q held

Lowes Companies, Inc.

Avg $80.34 · $845.2M est. P&L

—

Est. P&L

+84.79%

A5Q held

AGILENT TECHNOLOGIES INC

Avg $70.86 · $314.5M est. P&L

—

Est. P&L

+36.24%

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