Pershing Square exits Lowe’s, cuts Chipotle in Q1

William Ackman’s Pershing Square Capital Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund exited one position during the first quarter, namely Lowe’s (LOW), and reduced its stake in Chipotle (CMG). Pershing’s top holdings as of March 31, in order of size, were Chipotle, Hilton Worldwide (HLT), Restaurant Brands (QSR), Alphabet Class C (GOOG), and Howard Hughes (HHH).