Bill Ackman · quarter digest

What Bill Ackman did in Q4 2024

Pershing Square Capital filed 6 moves in Q4 2024: 0 new, 4 add, 2 trim, 0 exit.

13F filed 2025-02-14. Manager quality score: q8. Philosophy: Concentrated bets on high-quality businesses with activist catalysts.

Adds · 4

Adding to conviction

ADD +6%·13.0% book·−10

“More Howard Hughes.”

ADD +12%·8.4% book·+12

“Building Brookfield.”

ADD +18%·4.0% book·−2

“Doubling on Nike turnaround.”

SEASEAPORT ENTMT GROUP INC

ADD +20%·1.1% book·+1

Trims · 2

CMGCHIPOTLE MEXICAN GRILL INC

TRIM -14%·11.8% book·−5

HLTHILTON WORLDWIDE HLDGS INC

TRIM -26%·10.7% book·−17

Current top holdings

#	Ticker	Weight	Conviction
1	CMG Chipotle Mexican Grill	21.4%	−5
2	QSR Restaurant Brands International	14.8%	−4
3	HHH Howard Hughes Holdings	13.2%	−10
4	GOOG Alphabet Class C	11.7%	−1
5	BN Brookfield Corp	9.5%	+12
6	HLT Hilton Worldwide	9.1%	−17
7	CP Canadian Pacific Kansas City	6.8%	−9
8	NKE Nike	5.3%	−2

Other quarters for Bill Ackman

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.