13F filing recap · Q1 2021

What did Pershing Square Capital Management buy in Q1 2021?

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

Stock value

$10.46B

Positions

Estimated turnover

23.9%

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

DPZDomino’s Pizza, Inc.$748.71Mreported value+2.04M shares

Increased positions

HHCHoward Hughes Holdings Inc.$1.28Breported value+2.55M shares+23.4%

Reduced positions

LOWLowe’s Companies, Inc.$2.27Breported value-429.3K shares-3.5%HLTHilton Worldwide Holdings Inc.$1.56Breported value-471.6K shares-3.5%QSRRestaurant Brands International Inc.$1.56Breported value-1.11M shares-4.4%CMGChipotle Mexican Grill, Inc.$1.54Breported value-75.1K shares

Exited positions

SBUXStarbucks Corporation$1.08Bprior reported value-10.07M shares-100.0%