Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Pershing Square added Google, Hilton; trimmed Lowe's, Chipotle

Published 08/14/2023, 04:47 PM
© Reuters.
GOOGL
-
LOW
-
CMG
-
HHH
-
CP
-
HLT
-
GOOG
-
QSR
-

Investing -- Pershing Square Capital Management, run by Bill Ackman, raised its stakes in Alphabet Inc Class C (NASDAQ:GOOG), Howard Hughes (NYSE:HHC) Holdings, and Hilton Worldwide Holdings Inc (NYSE:HLT), according to its second quarter disclosure.

Its holding of Google’s class C shares rose to about 9.4 million shares at the end of June, from 8M at the end of March. Its Howard Hughes holdings rose to 16.6M, and Hilton rose to just over 9.3M.

Pershing’s stake in Alphabet Inc Class A (NASDAQ:GOOGL) remained the same at around 2.19M shares.

The investment manager reported lower stakes in Lowe’s Companies Inc (NYSE:LOW), to 7.5M shares from over 10M. It also reported reduced stakes in Burger King parent Restaurant Brands International Inc (NYSE:QSR) (23.3M shares from 24.2M shares), Chipotle Mexican Grill Inc (NYSE:CMG)(953,000 shares from over 1M), and Canadian Pacific Kansas City Limited (NYSE:CP) (15.1M from 15.2M).

The quarterly filing reflects holdings as of the end of the previous quarter, with a 45 day lag, so the positions could have shifted since the end of June.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.