13F filing recap · Q2 2018

What did Pershing Square Capital Management buy in Q2 2018?

Reported stock-position changes between this filing and the previous one.

Stock value

$5.80B

Positions

Estimated turnover

33.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

LOWLowe’s Companies, Inc.$737.37Mreported value+7.72M shares

Increased positions

MDLZMondelez International, Inc.$671.24Mreported value+215.1K shares+1.3%UTXRtx Corporation$567.71Mreported value+2.60M shares+133.5%

Reduced positions

QSRRestaurant Brands International Inc.$1.26Breported value-3.48M shares-14.3%ADPAutomatic Data Processing Inc$566.79Mreported value-3.72M shares-46.8%