Pershing Square Capital Management, L.P.

Top Holdings7 positions

Checking export access…

Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
LOW Lowe's Cos Inc	12.4M	$2B	19.9%	—	$80.34	+79.44%	9 qtrssince 2018-Q4	Decreased 0
CMG Chipotle Mexican Grill Inc	1.2M	$1.6B	16.1%	—	$8.64	+221.15%	9 qtrssince 2018-Q4	Unchanged 0
QSR Restaurant Brands Internationa	25M	$1.5B	15.3%	—	$42.76	+21.62%	9 qtrssince 2018-Q4	Decreased 0
HLT Hilton Worldwide Holdings Inc	13.4M	$1.5B	14.8%	—	$69.13	+57.41%	9 qtrssince 2018-Q4	Decreased 0
A Agilent Technologies Inc	12.2M	$1.4B	14.5%	—	$70.86	+59.86%	6 qtrssince 2019-Q3	Decreased 0
SBUX Starbucks Corp	10.1M	$1.1B	10.8%	—	$55.48	+63.58%	9 qtrssince 2018-Q4	Decreased 0
HHC Howard Hughes Corp/The	10.9M	$861.8M	8.6%	—	—	—	9 qtrssince 2018-Q4	Unchanged 0

$10B

Reported value

7

Positions

Q4 2020

Filing

HI score · 1.0/5

Quarterly 13F Value Change

Activity profile

$ moved · Q4'20

New0%Increased0%Decreased100%Exited0%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 1.9 years

<1Q0%1-4Q0%1-2Y14%2Y+86%

Pershing Square Capital Management, L.P. reported holdings worth $10B across 7 positions as of Q4 2020. Top holdings: LOW (19.9%), CMG (16.1%), QSR (15.3%). Fund DNA: Concentrated Value. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CMG9Q held

CHIPOTLE MEXICAN GRILL INC

Avg $8.64 · $22.2M est. P&L

—

Est. P&L

+221.15%

LOW9Q held

Lowes Companies, Inc.

Avg $80.34 · $790.6M est. P&L

—

Est. P&L

+79.44%

SBUX9Q held

STARBUCKS CORP

Avg $55.48 · $355.2M est. P&L

—

Est. P&L

+63.58%

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