Value Investors Tribe

We study the 13F filings regulated by SEC to document the portfolio of superinvestors. This is not a buy, sell or hold recommendation of any form, our goal is to educate you about how these grandmasters of investing are operating in real time and what kind of bets are they placing.

Pershing Square Capital Management, led by Bill Ackman has a portfolio size of roughly $10.4 billion. The portfolio updates present here are based on the latest filings which were on February 14, 2024. The portfolio is of date December 31, 2023. The major holdings and position sizing are tabulated below-

Portfolio Holdings as of 12/31/2023

The table above represents the portfolio based on latest filings. The changes in portfolio which were observed in latest filings are documented below-

• Reduced the position of Chipotle Mexican Grill Inc. by 13.49%
• Reduced the position of Hilton Worldwide Holdings by 10.91%
• Reduced the position of Lowe’s Cos. by 82.37%
• Increased the position of Howard Hughes Holdings Inc. by 12.17%

Actionable Insights

The knowledge or data which is not applied has no use! Here are some of the actionable recommendations based on the information shared in this blog:

• Try and study the 10-Ks, annual reports and earnings calls of the holdings in which there was addition/reduction.
• Explore the 13-Fs of other superinvestors and see if they are placing similar bets.
• Try and understand the rationale behind these portfolio changes by Bill Ackman.

Disclaimer: This portfolio of Bill Ackman is shared for educational purposes so as to help value investors learn how superinvestors are operating. This is not a buy or sell recommendation of any form whatsoever. Reader discretion is advised.