Billionaire Ackman's Pershing Square reduced Chipotle stake, increased RBI stake in Q2.

Billionaire Bill Ackman's Pershing Square Capital Management made significant portfolio changes during Q2, reducing his Chipotle stake by 23% and increasing his Restaurant Brands International stake by 1.6%. Ackman's portfolio holds 100% investments in nine stocks, with a focus on high-quality, large-cap North American companies. Despite reducing his Chipotle stake due to valuation concerns, Ackman remains confident in the company's "extraordinary team."

August 17, 2024
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