Exited position

Bill Ackman’s Chipotle Mexican Grill Inc (CMG) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Pershing Square Capital ManagementVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ3 2016Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares28.82MHighest verified quarter-end share count
Quarters reported37Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported Chipotle Mexican Grill Inc in Q3 2016. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Pershing Square Capital Management sold the entire position in Q4 2025, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q4 2025
Sold the entire position−21.54M shares · No shares reported at quarter-end
Q1 2025
Sold 12.6% of the position−3.11M shares · 21.54M shares remained
Filing context

Quarter-end price $50.21 · Estimated holding basis $71.95

Q4 2024
Sold 14.4% of the position−4.16M shares · 24.65M shares remained
Filing context

Quarter-end price $60.30 · Estimated holding basis $71.95

Q2 2024
Bought 3,773.1% more+28.07M shares · 28.82M shares reported after the change
Filing context

Quarter-end price $62.65 · Estimated holding basis $71.95

Q1 2024
Sold 9.8% of the position−81.01K shares · 743.98K shares remained
Filing context

Quarter-end price $2,906.77 · Estimated holding basis $422.91

Q4 2023
Sold 13.5% of the position−128.61K shares · 825.00K shares remained
Filing context

Quarter-end price $2,286.96 · Estimated holding basis $422.91

19 unchanged quarters are collapsed by default.

Portfolio importance

How important was Chipotle Mexican Grill Inc in Pershing Square Capital Management’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight5.5%Q3 2025
Last reported rank#8of 11 reported positions
Peak portfolio weight22.3%Q3 2019
Best historical rank#1Q1 2019
At peak importanceQ3 2019
CMG
22.3%
Largest holding
22.3%
Cross-investor discovery

Who else owns Chipotle Mexican Grill Inc?

Also reported by 2 other tracked investors in their latest verified filings.

Joel GreenblattGotham Asset Management
CMG0.0% of reported portfolio
Ray DalioBridgewater Associates, LP
CMG0.0% of reported portfolio
Explore Chipotle Mexican Grill Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$34.832026-09-15

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.