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What Was Pershing Square Capital’s Largest Holding in 4Q17?

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Pershing Square Capital’s largest holdings

In a previous series, we saw that Pershing Square Capital Management had a rough year in 2017. In the previous part of this series, we saw that bad bets on stocks like Valeant Pharmaceuticals (VRX) and Herbalife (HLF) led to a poor performance for the firm in 2017.

The top holdings of Pershing Square Capital Management include Restaurant Brands International (QSR), Automatic Data Processing (ADP), Mondelēz International (MDLZ), Chipotle Mexican Grill (CMG), and Howard Hughes (HHC). These stocks represented nearly 27.7%, 17.6%, 16.9%, 14.2%, and 10.5%, respectively, of the holdings of Pershing Square Capital Management’s portfolio in 4Q17.

According to the institutional ownership report, Pershing Square Capital Management was the largest investor in Restaurant Brands International with 26.5 million shares in 4Q17. Warren Buffett’s Berkshire Hathaway was the sixth largest investor in this stock with 8.4 million shares in 4Q17.

Similarly, Pershing Square Capital Management was the seventh largest investor in Automatic Data Processing with 8.7 million shares in 4Q17. Vanguard Group was the first largest investor in this stock with 35.9 million shares.

Top buys

The top buys of Pershing Square Capital Management in 4Q17 include NIKE (NKE) and Mondelēz International (MDLZ). The firm’s NIKE buy in 4Q17 was a new position. NIKE represented 6.6% of Pershing Square Capital’s portfolio in 4Q17.

You may be interested to read, A Look at Warren Buffett’s Latest Buying and Selling Activity for more information.

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