13F filing recap · Q1 2023

What did Pershing Square Capital Management buy in Q1 2023?

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

Stock value

$10.22B

Positions

Estimated turnover

14.5%

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

GOOGAlphabet Inc.$839.26Mreported value+8.07M shares GOOGLAlphabet Inc.$226.65Mreported value+2.19M shares

Increased positions

HHCHoward Hughes Holdings Inc.$1.28Breported value+89.4K shares+0.6%CPCanadian Pacific Kansas City Ltd/cn$1.17Breported value+1.0K shares+0.0%

Reduced positions

LOWLowe’s Companies, Inc.$2.01Breported value-338.7K shares-3.3%CMGChipotle Mexican Grill, Inc.$1.76Breported value-76.0K shares-6.9%HLTHilton Worldwide Holdings Inc.$1.31Breported value-732.5K shares-7.3%