Bill Ackman’s Pershing Square Capital disclosed in an SEC filing its holdings as of March 31, 2020. The fund’s two new buys during the first quarter included, by size of position, Blackstone (BX) and Park Hotels & Resorts (PK). Pershing increased its stake in six positions during the quarter, including by size of previous position Agilent (A), Howard Hughes (HHC), Starbucks (SBUX), Berkshire Hathaway Class B (BRK.B), and Lowe’s (LOW). The fund decreased its stake in one holding, namely Chipotle (CMG). Pershing’s top holdings as of March 31, in order of size, were Lowe’s, Berkshire Hathaway Class B, Hilton Worldwide (HLT), Agilent, and Chipotle.
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