Bill Ackman’s Pershing Square Capital Management disclosed in an SEC filing its holdings as of December 31, 2023. Pershing Square increased its stake in one holding in the fourth quarter, Howard Hughes (HHH). Pershing Square reduced its stake in three holdings, including by size of previous position, Lowe’s (LOW), Hilton (HLT), and Chipotle (CMG). Pershing Square’s top holdings as of December 31, in order of size, were Chipotle, Restaurant Brands (QSR), Hilton Worldwide, Howard Hughes, and Alphabet (GOOG).
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