Exited position

Bill Ackman’s McDonalds (MCD) 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 reportedQ4 2005Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares18.76MHighest verified quarter-end share count
Quarters reported8Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported McDonalds in Q4 2005. The latest verified relationship event shows that Pershing Square Capital Management sold the entire position in Q4 2009, 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 2009
Sold the entire position−8.25M shares · No shares reported at quarter-end
Q3 2009
New position+8.25M shares · 8.25M shares reported
Filing context

Quarter-end price $57.07 · Estimated holding basis $57.19

Q4 2007
Sold the entire position−18.76M shares · No shares reported at quarter-end
Q3 2006
New position+313.40K shares · 313.40K shares reported
Filing context

Quarter-end price $33.49 · Estimated holding basis $33.49

Q2 2006
Sold the entire position−105.13K shares · No shares reported at quarter-end
Q1 2006
New position+105.13K shares · 105.13K shares reported
Filing context

Quarter-end price $34.36 · Estimated holding basis $33.99

2 unchanged quarters are collapsed by default.

Portfolio importance

How important was McDonalds 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 weight15.0%Q3 2009
Last reported rank#3of 7 reported positions
Peak portfolio weight43.1%Q1 2007
Best historical rank#1Q1 2007
At peak importanceQ1 2007
MCD
43.1%
Largest holding
43.1%
Cross-investor discovery

Who else owns McDonalds?

Also reported by 5 other tracked investors in their latest verified filings.

George SorosSoros Fund Management
MCD0.4% of reported portfolio
Bill GatesGates Foundation Trust
MCD0.3% of reported portfolio
Joel GreenblattGotham Asset Management
MCD0.1% of reported portfolio
Explore McDonalds 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$248.242026-09-18

Market context only; not an investor transaction price.

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

View McDonalds stock page →

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.