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Pershing Square Capital Management’s Largest Holdings

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In the previous part of this series, we saw that Bill Ackman’s position in Automatic Data Processing (ADP) impacted the movement of the stock. In this part, we’ll look at the largest holdings of his firm, Pershing Square Capital Management.

According to 13F filings, as of 1Q17, Restaurant Brands International (QSR), Chipotle Mexican Grill (CMG), Mondelēz International (MDLZ), Platform Specialty Products (PAH), and Howard Hughes (HHC) remained the top holdings of Pershing Square Capital Management. These stocks represent nearly 36.6%, 21.5%, 14.4%, 8.8%, and 7.0% of the firm’s holdings, respectively.

According to the institutional holdings report, Pershing Square Capital Management is the first largest investor in Howard Hughes, with 3.5 million shares as of March 31, 2017. Ackman, at the 2017 Sohn Investment Conference, shared that he is bullish on Howard Hughes (HHC), a major real estate development and management company.

According to the institutional holdings report, Pershing Square Capital Management is also the first largest investor in Restaurant Brands International, with 39.1 million shares as of March 31, 2017. Ackman is very optimistic about the restaurant industry, which we can see from his positions in various restaurant stocks.

If we look at the institutional holdings report of Mondelēz International (MDLZ), we’ll see that Ackman’s Pershing Square Capital Management is the 11th largest investor in the stock, with 19.9 million shares as of March 31, 2017.

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