Historical Stock Holdings
Bill Ackman - Pershing Square Capital Management
| Period | Portfolio Value | Top 20 holdings history (left to right) | |||||||||||||||||||
| 2024 Q3 | $12.9 B |
BN
Brookfield Corp.
13.48% of portfolio |
HLT
Hilton Worldwide Holdings
13.16% of portfolio |
CMG
Chipotle Mexican Grill Inc.
12.86% of portfolio |
QSR
Restaurant Brands International
12.85% of portfolio |
HHH
Howard Hughes Holdings Inc.
11.31% of portfolio |
NKE
NIKE Inc.
11.15% of portfolio |
CP
Canadian Pacific Kansas City
9.86% of portfolio |
GOOG
Alphabet Inc. CL C
9.77% of portfolio |
GOOGL
Alphabet Inc.
5.12% of portfolio |
SEG
Seaport Entertainment Group
0.44% of portfolio | ||||||||||
| 2024 Q2 | $10.4 B |
HLT
Hilton Worldwide Holdings
18.76% of portfolio |
CMG
Chipotle Mexican Grill Inc.
17.34% of portfolio |
QSR
Restaurant Brands International
15.64% of portfolio |
GOOG
Alphabet Inc. CL C
13.30% of portfolio |
HHH
Howard Hughes Holdings Inc.
11.74% of portfolio |
CP
Canadian Pacific Kansas City
11.32% of portfolio |
GOOGL
Alphabet Inc.
6.97% of portfolio |
BN
Brookfield Corp.
2.73% of portfolio |
NKE
NIKE Inc.
2.20% of portfolio | |||||||||||
| 2024 Q1 | $10.8 B |
CMG
Chipotle Mexican Grill Inc.
20.10% of portfolio |
HLT
Hilton Worldwide Holdings
18.20% of portfolio |
QSR
Restaurant Brands International
17.24% of portfolio |
GOOG
Alphabet Inc. CL C
13.27% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.72% of portfolio |
CP
Canadian Pacific Kansas City
12.37% of portfolio |
GOOGL
Alphabet Inc.
6.11% of portfolio | |||||||||||||
| 2023 Q4 | $10.4 B |
CMG
Chipotle Mexican Grill Inc.
18.15% of portfolio |
QSR
Restaurant Brands International
17.55% of portfolio |
HLT
Hilton Worldwide Holdings
16.08% of portfolio |
HHH
Howard Hughes Holdings Inc.
15.51% of portfolio |
GOOG
Alphabet Inc. CL C
12.71% of portfolio |
CP
Canadian Pacific Kansas City
11.48% of portfolio |
GOOGL
Alphabet Inc.
5.85% of portfolio |
LOW
Lowe's Cos.
2.67% of portfolio | ||||||||||||
| 2023 Q3 | $10.5 B |
CMG
Chipotle Mexican Grill Inc.
16.65% of portfolio |
QSR
Restaurant Brands International
14.82% of portfolio |
HLT
Hilton Worldwide Holdings
14.75% of portfolio |
LOW
Lowe's Cos.
14.00% of portfolio |
HHH
Howard Hughes Holdings Inc.
11.87% of portfolio |
GOOG
Alphabet Inc. CL C
11.78% of portfolio |
CP
Canadian Pacific Kansas City
10.70% of portfolio |
GOOGL
Alphabet Inc.
5.43% of portfolio | ||||||||||||
| 2023 Q2 | $10.8 B |
CMG
Chipotle Mexican Grill Inc.
18.86% of portfolio |
QSR
Restaurant Brands International
16.73% of portfolio |
LOW
Lowe's Cos.
15.58% of portfolio |
HLT
Hilton Worldwide Holdings
12.56% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.09% of portfolio |
CP
Canadian Pacific Kansas City
11.27% of portfolio |
GOOG
Alphabet Inc. CL C
10.49% of portfolio |
GOOGL
Alphabet Inc.
2.42% of portfolio | ||||||||||||
| 2023 Q1 | $10.2 B |
LOW
Lowe's Cos.
19.64% of portfolio |
CMG
Chipotle Mexican Grill Inc.
17.21% of portfolio |
QSR
Restaurant Brands International
15.90% of portfolio |
HLT
Hilton Worldwide Holdings
12.82% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.52% of portfolio |
CP
Canadian Pacific Kansas City
11.48% of portfolio |
GOOG
Alphabet Inc. CL C
8.21% of portfolio |
GOOGL
Alphabet Inc.
2.22% of portfolio | ||||||||||||
| 2022 Q4 | $8.78 B |
LOW
Lowe's Cos.
23.53% of portfolio |
QSR
Restaurant Brands International
17.81% of portfolio |
CMG
Chipotle Mexican Grill Inc.
17.46% of portfolio |
HLT
Hilton Worldwide Holdings
14.43% of portfolio |
HHH
Howard Hughes Holdings Inc.
13.83% of portfolio |
CP
Canadian Pacific Kansas City
12.94% of portfolio | ||||||||||||||
| 2022 Q3 | $7.88 B |
LOW
Lowe's Cos.
24.74% of portfolio |
CMG
Chipotle Mexican Grill Inc.
21.08% of portfolio |
QSR
Restaurant Brands International
16.33% of portfolio |
HLT
Hilton Worldwide Holdings
15.36% of portfolio |
CP
Canadian Pacific Kansas City
12.91% of portfolio |
HHH
Howard Hughes Holdings Inc.
9.58% of portfolio | ||||||||||||||
| 2022 Q2 | $7.46 B |
LOW
Lowe's Cos.
23.89% of portfolio |
CMG
Chipotle Mexican Grill Inc.
19.36% of portfolio |
QSR
Restaurant Brands International
16.01% of portfolio |
HLT
Hilton Worldwide Holdings
14.80% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.42% of portfolio |
DPZ
Dominos Pizza Inc.
10.76% of portfolio |
CP
Canadian Pacific Kansas City
2.76% of portfolio | |||||||||||||
| 2022 Q1 | $10.4 B |
LOW
Lowe's Cos.
19.86% of portfolio |
CMG
Chipotle Mexican Grill Inc.
16.97% of portfolio |
HLT
Hilton Worldwide Holdings
14.53% of portfolio |
HHH
Howard Hughes Holdings Inc.
13.58% of portfolio |
QSR
Restaurant Brands International
13.41% of portfolio |
NFLX
Netflix Inc.
11.21% of portfolio |
DPZ
Dominos Pizza Inc.
8.10% of portfolio |
CP
Canadian Pacific Kansas City
2.34% of portfolio | ||||||||||||
| 2021 Q4 | $10.8 B |
LOW
Lowe's Cos.
24.54% of portfolio |
HLT
Hilton Worldwide Holdings
18.22% of portfolio |
CMG
Chipotle Mexican Grill Inc.
18.08% of portfolio |
QSR
Restaurant Brands International
13.47% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.86% of portfolio |
DPZ
Dominos Pizza Inc.
10.95% of portfolio |
CP
Canadian Pacific Kansas City
1.88% of portfolio | |||||||||||||
| 2021 Q3 | $9.46 B |
LOW
Lowe's Cos.
21.94% of portfolio |
CMG
Chipotle Mexican Grill Inc.
21.41% of portfolio |
HLT
Hilton Worldwide Holdings
17.99% of portfolio |
QSR
Restaurant Brands International
15.48% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.64% of portfolio |
DPZ
Dominos Pizza Inc.
10.54% of portfolio | ||||||||||||||
| 2021 Q2 | $10.7 B |
LOW
Lowe's Cos.
18.37% of portfolio |
A
Agilent Technologies
16.14% of portfolio |
CMG
Chipotle Mexican Grill Inc.
15.72% of portfolio |
HLT
Hilton Worldwide Holdings
14.37% of portfolio |
QSR
Restaurant Brands International
14.26% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.26% of portfolio |
DPZ
Dominos Pizza Inc.
8.88% of portfolio | |||||||||||||
| 2021 Q1 | $10.5 B |
LOW
Lowe's Cos.
21.74% of portfolio |
HLT
Hilton Worldwide Holdings
14.89% of portfolio |
QSR
Restaurant Brands International
14.87% of portfolio |
CMG
Chipotle Mexican Grill Inc.
14.75% of portfolio |
A
Agilent Technologies
14.35% of portfolio |
HHH
Howard Hughes Holdings Inc.
12.25% of portfolio |
DPZ
Dominos Pizza Inc.
7.16% of portfolio | |||||||||||||
| 2020 Q4 | $10 B |
LOW
Lowe's Cos.
19.88% of portfolio |
CMG
Chipotle Mexican Grill Inc.
16.10% of portfolio |
QSR
Restaurant Brands International
15.30% of portfolio |
HLT
Hilton Worldwide Holdings
14.85% of portfolio |
A
Agilent Technologies
14.49% of portfolio |
SBUX
Starbucks Corp.
10.77% of portfolio |
HHH
Howard Hughes Holdings Inc.
8.62% of portfolio | |||||||||||||
| 2020 Q3 | $8.82 B |
LOW
Lowe's Cos.
23.33% of portfolio |
CMG
Chipotle Mexican Grill Inc.
16.37% of portfolio |
QSR
Restaurant Brands International
16.37% of portfolio |
A
Agilent Technologies
14.01% of portfolio |
HLT
Hilton Worldwide Holdings
12.92% of portfolio |
SBUX
Starbucks Corp.
9.87% of portfolio |
HHH
Howard Hughes Holdings Inc.
7.13% of portfolio | |||||||||||||
| 2020 Q2 | $7.75 B |
LOW
Lowe's Cos.
22.15% of portfolio |
QSR
Restaurant Brands International
17.70% of portfolio |
CMG
Chipotle Mexican Grill Inc.
15.76% of portfolio |
A
Agilent Technologies
14.39% of portfolio |
HLT
Hilton Worldwide Holdings
13.06% of portfolio |
SBUX
Starbucks Corp.
9.62% of portfolio |
HHH
Howard Hughes Holdings Inc.
7.32% of portfolio | |||||||||||||
| 2020 Q1 | $6.57 B |
LOW
Lowe's Cos.
16.04% of portfolio |
BRK.B
Berkshire Hathaway CL B
15.17% of portfolio |
HLT
Hilton Worldwide Holdings
14.32% of portfolio |
A
Agilent Technologies
13.76% of portfolio |
CMG
Chipotle Mexican Grill Inc.
11.56% of portfolio |
SBUX
Starbucks Corp.
10.13% of portfolio |
HHH
Howard Hughes Holdings Inc.
9.37% of portfolio |
QSR
Restaurant Brands International
9.19% of portfolio |
BX
Blackstone Group
0.38% of portfolio |
PK
Park Hotels & Resorts Inc.
0.08% of portfolio | ||||||||||
| 2019 Q4 | $6.55 B |
CMG
Chipotle Mexican Grill Inc.
22.03% of portfolio |
HLT
Hilton Worldwide Holdings
17.87% of portfolio |
LOW
Lowe's Cos.
15.74% of portfolio |
QSR
Restaurant Brands International
14.68% of portfolio |
BRK.B
Berkshire Hathaway CL B
13.88% of portfolio |
SBUX
Starbucks Corp.
7.32% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.25% of portfolio |
A
Agilent Technologies
4.23% of portfolio | ||||||||||||
| 2019 Q3 | $6.49 B |
CMG
Chipotle Mexican Grill Inc.
22.33% of portfolio |
QSR
Restaurant Brands International
16.54% of portfolio |
HLT
Hilton Worldwide Holdings
15.15% of portfolio |
LOW
Lowe's Cos.
14.59% of portfolio |
BRK.B
Berkshire Hathaway CL B
12.87% of portfolio |
SBUX
Starbucks Corp.
12.69% of portfolio |
A
Agilent Technologies
3.44% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.39% of portfolio | ||||||||||||
| 2019 Q2 | $6.71 B |
CMG
Chipotle Mexican Grill Inc.
19.48% of portfolio |
QSR
Restaurant Brands International
16.21% of portfolio |
HLT
Hilton Worldwide Holdings
15.98% of portfolio |
LOW
Lowe's Cos.
13.39% of portfolio |
SBUX
Starbucks Corp.
11.64% of portfolio |
BRK.B
Berkshire Hathaway CL B
11.16% of portfolio |
ADP
Automatic Data Processing Inc.
9.93% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.21% of portfolio | ||||||||||||
| 2019 Q1 | $6.72 B |
CMG
Chipotle Mexican Grill Inc.
19.70% of portfolio |
QSR
Restaurant Brands International
17.78% of portfolio |
LOW
Lowe's Cos.
15.18% of portfolio |
HLT
Hilton Worldwide Holdings
13.57% of portfolio |
RTX
RTX Corp.
11.17% of portfolio |
SBUX
Starbucks Corp.
11.06% of portfolio |
ADP
Automatic Data Processing Inc.
9.58% of portfolio |
HHH
Howard Hughes Holdings Inc.
1.96% of portfolio | ||||||||||||
| 2018 Q4 | $5.96 B |
QSR
Restaurant Brands International
17.28% of portfolio |
LOW
Lowe's Cos.
14.79% of portfolio |
CMG
Chipotle Mexican Grill Inc.
14.07% of portfolio |
HLT
Hilton Worldwide Holdings
13.19% of portfolio |
SBUX
Starbucks Corp.
12.71% of portfolio |
RTX
RTX Corp.
9.97% of portfolio |
ADP
Automatic Data Processing Inc.
8.96% of portfolio |
PAH
Platform Specialty Products Corp.
7.01% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.02% of portfolio | |||||||||||
| 2018 Q3 | $5.21 B |
QSR
Restaurant Brands International
23.72% of portfolio |
LOW
Lowe's Cos.
18.60% of portfolio |
CMG
Chipotle Mexican Grill Inc.
17.97% of portfolio |
RTX
RTX Corp.
13.28% of portfolio |
ADP
Automatic Data Processing Inc.
11.65% of portfolio |
PAH
Platform Specialty Products Corp.
9.68% of portfolio |
HHH
Howard Hughes Holdings Inc.
5.09% of portfolio | |||||||||||||
| 2018 Q2 | $5.81 B |
QSR
Restaurant Brands International
21.65% of portfolio |
CMG
Chipotle Mexican Grill Inc.
21.42% of portfolio |
LOW
Lowe's Cos.
12.70% of portfolio |
MDLZ
Mondelez International
11.56% of portfolio |
RTX
RTX Corp.
9.78% of portfolio |
ADP
Automatic Data Processing Inc.
9.76% of portfolio |
PAH
Platform Specialty Products Corp.
8.08% of portfolio |
HHH
Howard Hughes Holdings Inc.
5.03% of portfolio | ||||||||||||
| 2018 Q1 | $4.83 B |
QSR
Restaurant Brands International
28.65% of portfolio |
CMG
Chipotle Mexican Grill Inc.
19.27% of portfolio |
ADP
Automatic Data Processing Inc.
18.65% of portfolio |
MDLZ
Mondelez International
13.95% of portfolio |
PAH
Platform Specialty Products Corp.
8.06% of portfolio |
HHH
Howard Hughes Holdings Inc.
6.35% of portfolio |
RTX
RTX Corp.
5.06% of portfolio | |||||||||||||
| 2017 Q4 | $5.87 B |
QSR
Restaurant Brands International
27.74% of portfolio |
ADP
Automatic Data Processing Inc.
17.56% of portfolio |
MDLZ
Mondelez International
16.95% of portfolio |
CMG
Chipotle Mexican Grill Inc.
14.19% of portfolio |
HHH
Howard Hughes Holdings Inc.
10.52% of portfolio |
PAH
Platform Specialty Products Corp.
6.83% of portfolio |
NKE
NIKE Inc.
6.22% of portfolio | |||||||||||||
| 2017 Q3 | $5.11 B |
QSR
Restaurant Brands International
33.10% of portfolio |
ADP
Automatic Data Processing Inc.
18.81% of portfolio |
CMG
Chipotle Mexican Grill Inc.
17.35% of portfolio |
MDLZ
Mondelez International
11.07% of portfolio |
HHH
Howard Hughes Holdings Inc.
10.85% of portfolio |
PAH
Platform Specialty Products Corp.
8.82% of portfolio | ||||||||||||||
| 2017 Q2 | $6.02 B |
QSR
Restaurant Brands International
40.71% of portfolio |
CMG
Chipotle Mexican Grill Inc.
19.94% of portfolio |
MDLZ
Mondelez International
10.41% of portfolio |
HHH
Howard Hughes Holdings Inc.
9.61% of portfolio |
PAH
Platform Specialty Products Corp.
8.53% of portfolio |
NOMD
Nomad Foods Ltd
7.82% of portfolio |
ADP
Automatic Data Processing Inc.
2.98% of portfolio | |||||||||||||
| 2017 Q1 | $5.96 B |
QSR
Restaurant Brands International
36.61% of portfolio |
CMG
Chipotle Mexican Grill Inc.
21.54% of portfolio |
MDLZ
Mondelez International
14.41% of portfolio |
PAH
Platform Specialty Products Corp.
8.84% of portfolio |
HHH
Howard Hughes Holdings Inc.
7.02% of portfolio |
NOMD
Nomad Foods Ltd
6.40% of portfolio |
APD
Air Products & Chemicals
5.18% of portfolio | |||||||||||||
| 2016 Q4 | $5.91 B |
QSR
Restaurant Brands International
31.56% of portfolio |
CMG
Chipotle Mexican Grill Inc.
18.39% of portfolio |
MDLZ
Mondelez International
17.20% of portfolio |
APD
Air Products & Chemicals
9.41% of portfolio |
HHH
Howard Hughes Holdings Inc.
6.88% of portfolio |
PAH
Platform Specialty Products Corp.
6.71% of portfolio |
NOMD
Nomad Foods Ltd
5.39% of portfolio |
BHC
Bausch Health
4.45% of portfolio | ||||||||||||
| 2016 Q3 | $5.41 B |
QSR
Restaurant Brands International
32.24% of portfolio |
MDLZ
Mondelez International
18.61% of portfolio |
APD
Air Products & Chemicals
11.18% of portfolio |
BHC
Bausch Health
9.79% of portfolio |
HHH
Howard Hughes Holdings Inc.
7.55% of portfolio |
NOMD
Nomad Foods Ltd
7.28% of portfolio |
PAH
Platform Specialty Products Corp.
6.40% of portfolio |
CMG
Chipotle Mexican Grill Inc.
4.34% of portfolio |
ZTS
Zoetis Inc.
2.61% of portfolio | |||||||||||
| 2016 Q2 | $7.51 B |
QSR
Restaurant Brands International
21.68% of portfolio |
CP
Canadian Pacific Kansas City
16.87% of portfolio |
APD
Air Products & Chemicals
14.37% of portfolio |
MDLZ
Mondelez International
13.90% of portfolio |
ZTS
Zoetis Inc.
13.38% of portfolio |
BHC
Bausch Health
5.79% of portfolio |
HHH
Howard Hughes Holdings Inc.
5.43% of portfolio |
PAH
Platform Specialty Products Corp.
5.05% of portfolio |
NOMD
Nomad Foods Ltd
3.54% of portfolio | |||||||||||
| 2016 Q1 | $8.85 B |
ZTS
Zoetis Inc.
20.94% of portfolio |
CP
Canadian Pacific Kansas City
20.89% of portfolio |
QSR
Restaurant Brands International
17.17% of portfolio |
APD
Air Products & Chemicals
12.37% of portfolio |
MDLZ
Mondelez International
10.40% of portfolio |
BHC
Bausch Health
6.41% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.27% of portfolio |
PAH
Platform Specialty Products Corp.
4.15% of portfolio |
NOMD
Nomad Foods Ltd
3.39% of portfolio | |||||||||||
| 2015 Q4 | $12.5 B |
APD
Air Products & Chemicals
21.46% of portfolio |
ZTS
Zoetis Inc.
16.09% of portfolio |
MDLZ
Mondelez International
15.61% of portfolio |
CP
Canadian Pacific Kansas City
14.28% of portfolio |
BHC
Bausch Health
13.54% of portfolio |
QSR
Restaurant Brands International
11.40% of portfolio |
PAH
Platform Specialty Products Corp.
4.40% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.24% of portfolio | ||||||||||||
| 2015 Q3 | $14 B |
BHC
Bausch Health
24.90% of portfolio |
APD
Air Products & Chemicals
18.79% of portfolio |
CP
Canadian Pacific Kansas City
14.35% of portfolio |
MDLZ
Mondelez International
13.02% of portfolio |
ZTS
Zoetis Inc.
12.35% of portfolio |
QSR
Restaurant Brands International
9.79% of portfolio |
PAH
Platform Specialty Products Corp.
3.88% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.93% of portfolio | ||||||||||||
| 2015 Q2 | $14.4 B |
BHC
Bausch Health
29.95% of portfolio |
APD
Air Products & Chemicals
19.46% of portfolio |
CP
Canadian Pacific Kansas City
15.46% of portfolio |
ZTS
Zoetis Inc.
13.96% of portfolio |
QSR
Restaurant Brands International
10.05% of portfolio |
PAH
Platform Specialty Products Corp.
7.57% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.55% of portfolio | |||||||||||||
| 2015 Q1 | $15 B |
BHC
Bausch Health
25.84% of portfolio |
APD
Air Products & Chemicals
20.77% of portfolio |
CP
Canadian Pacific Kansas City
17.01% of portfolio |
ZTS
Zoetis Inc.
12.93% of portfolio |
QSR
Restaurant Brands International
9.75% of portfolio |
PAH
Platform Specialty Products Corp.
7.33% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.69% of portfolio |
ACT-OLD
Actavis plc
2.68% of portfolio | ||||||||||||
| 2014 Q4 | $16 B |
AGN
Allergan Plc
35.30% of portfolio |
APD
Air Products & Chemicals
18.47% of portfolio |
CP
Canadian Pacific Kansas City
16.74% of portfolio |
ZTS
Zoetis Inc.
11.15% of portfolio |
QSR
Restaurant Brands International
9.25% of portfolio |
PAH
Platform Specialty Products Corp.
6.19% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.90% of portfolio | |||||||||||||
| 2014 Q3 | $13.4 B |
AGN
Allergan Plc
38.33% of portfolio |
CP
Canadian Pacific Kansas City
21.54% of portfolio |
APD
Air Products & Chemicals
19.93% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
8.48% of portfolio |
PAH
Platform Specialty Products Corp.
6.21% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.99% of portfolio |
ZTS
Zoetis Inc.
1.52% of portfolio | |||||||||||||
| 2014 Q2 | $12.6 B |
AGN
Allergan Plc
38.79% of portfolio |
APD
Air Products & Chemicals
20.98% of portfolio |
CP
Canadian Pacific Kansas City
20.04% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
8.29% of portfolio |
PAH
Platform Specialty Products Corp.
7.42% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.47% of portfolio | ||||||||||||||
| 2014 Q1 | $8.38 B |
CP
Canadian Pacific Kansas City
30.81% of portfolio |
APD
Air Products & Chemicals
29.19% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
12.16% of portfolio |
BEAM
Beam Inc.
11.60% of portfolio |
PAH
Platform Specialty Products Corp.
7.58% of portfolio |
HHH
Howard Hughes Holdings Inc.
6.08% of portfolio |
AIV
Apartment Investment & Mgmt Co.
1.35% of portfolio |
AGN
Allergan Plc
0.88% of portfolio |
HME
Home Properties Inc.
0.34% of portfolio | |||||||||||
| 2013 Q4 | $8.23 B |
CP
Canadian Pacific Kansas City
31.55% of portfolio |
APD
Air Products & Chemicals
27.91% of portfolio |
BEAM
Beam Inc.
17.21% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
10.66% of portfolio |
GGP
Genl Growth Properties
6.74% of portfolio |
HHH
Howard Hughes Holdings Inc.
5.21% of portfolio |
PG
Procter & Gamble
0.73% of portfolio | |||||||||||||
| 2013 Q3 | $8.39 B |
CP
Canadian Pacific Kansas City
34.00% of portfolio |
APD
Air Products & Chemicals
26.11% of portfolio |
BEAM
Beam Inc.
16.05% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
8.93% of portfolio |
GGP
Genl Growth Properties
8.21% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.78% of portfolio |
PG
Procter & Gamble
1.91% of portfolio | |||||||||||||
| 2013 Q2 | $9.03 B |
CP
Canadian Pacific Kansas City
32.49% of portfolio |
GGP
Genl Growth Properties
14.92% of portfolio |
BEAM
Beam Inc.
14.55% of portfolio |
APD
Air Products & Chemicals
10.24% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
8.29% of portfolio |
PG
Procter & Gamble
7.62% of portfolio |
JCP
Penney (J.C.)
7.39% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.43% of portfolio |
MATX
Matson Inc.
0.06% of portfolio | |||||||||||
| 2013 Q1 | $9.99 B |
CP
Canadian Pacific Kansas City
31.54% of portfolio |
PG
Procter & Gamble
21.55% of portfolio |
GGP
Genl Growth Properties
14.87% of portfolio |
BEAM
Beam Inc.
13.24% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
7.33% of portfolio |
JCP
Penney (J.C.)
5.91% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.99% of portfolio |
MDLZ
Mondelez International
1.83% of portfolio |
MATX
Matson Inc.
0.75% of portfolio | |||||||||||
| 2012 Q4 | $9.01 B |
CP
Canadian Pacific Kansas City
27.24% of portfolio |
PG
Procter & Gamble
21.05% of portfolio |
GGP
Genl Growth Properties
16.46% of portfolio |
BEAM
Beam Inc.
14.11% of portfolio |
JCP
Penney (J.C.)
8.55% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
7.00% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.89% of portfolio |
MDLZ
Mondelez International
1.69% of portfolio |
MATX
Matson Inc.
1.00% of portfolio | |||||||||||
| 2012 Q3 | $8.45 B |
CP
Canadian Pacific Kansas City
23.70% of portfolio |
PG
Procter & Gamble
22.94% of portfolio |
GGP
Genl Growth Properties
17.23% of portfolio |
BEAM
Beam Inc.
14.18% of portfolio |
JCP
Penney (J.C.)
11.23% of portfolio |
BKW-OLD
Burger King Worldwide Inc.
6.33% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.00% of portfolio |
MATX
Matson Inc.
0.90% of portfolio |
ALEX
Alexander & Baldwin
0.49% of portfolio | |||||||||||
| 2012 Q2 | $7.08 B |
CP
Canadian Pacific Kansas City
25.02% of portfolio |
PG
Procter & Gamble
18.97% of portfolio |
GGP
Genl Growth Properties
18.47% of portfolio |
BEAM
Beam Inc.
18.39% of portfolio |
JCP
Penney (J.C.)
12.87% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.11% of portfolio |
ALEX
Alexander & Baldwin
2.74% of portfolio |
C
Citigroup Inc.
0.43% of portfolio | ||||||||||||
| 2012 Q1 | $8.07 B |
CP
Canadian Pacific Kansas City
22.73% of portfolio |
JCP
Penney (J.C.)
17.15% of portfolio |
GGP
Genl Growth Properties
15.20% of portfolio |
BEAM
Beam Inc.
15.10% of portfolio |
C
Citigroup Inc.
11.83% of portfolio |
MDLZ
Mondelez International
7.30% of portfolio |
FBIN
Fortune Brands Innovations Inc.
3.64% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.82% of portfolio |
ALEX
Alexander & Baldwin
2.19% of portfolio |
FDO
Family Dollar Stores
2.05% of portfolio | ||||||||||
| 2011 Q4 | $7.77 B |
CP
Canadian Pacific Kansas City
21.05% of portfolio |
JCP
Penney (J.C.)
17.52% of portfolio |
GGP
Genl Growth Properties
13.97% of portfolio |
BEAM
Beam Inc.
13.73% of portfolio |
MDLZ
Mondelez International
10.18% of portfolio |
C
Citigroup Inc.
8.85% of portfolio |
FDO
Family Dollar Stores
6.23% of portfolio |
FBIN
Fortune Brands Innovations Inc.
4.57% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.03% of portfolio |
ALEX
Alexander & Baldwin
1.87% of portfolio | ||||||||||
| 2011 Q3 | $6.02 B |
FO
Fortune Brands Inc.
18.71% of portfolio |
JCP
Penney (J.C.)
17.23% of portfolio |
GGP
Genl Growth Properties
14.53% of portfolio |
MDLZ
Mondelez International
14.06% of portfolio |
C
Citigroup Inc.
11.12% of portfolio |
FDO
Family Dollar Stores
9.63% of portfolio |
LOW
Lowe's Cos.
6.83% of portfolio |
CP
Canadian Pacific Kansas City
3.23% of portfolio |
HHH
Howard Hughes Holdings Inc.
2.50% of portfolio |
ALEX
Alexander & Baldwin
2.16% of portfolio | ||||||||||
| 2011 Q2 | $6.39 B |
JCP
Penney (J.C.)
20.92% of portfolio |
GGP
Genl Growth Properties
18.86% of portfolio |
FO
Fortune Brands Inc.
17.13% of portfolio |
C
Citigroup Inc.
15.32% of portfolio |
MDLZ
Mondelez International
12.25% of portfolio |
FDO
Family Dollar Stores
9.12% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.63% of portfolio |
ALEX
Alexander & Baldwin
2.68% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.10% of portfolio | |||||||||||
| 2011 Q1 | $5.57 B |
JCP
Penney (J.C.)
22.52% of portfolio |
GGP
Genl Growth Properties
19.96% of portfolio |
FO
Fortune Brands Inc.
18.53% of portfolio |
MDLZ
Mondelez International
12.53% of portfolio |
C
Citigroup Inc.
11.65% of portfolio |
FDO
Family Dollar Stores
5.31% of portfolio |
HHH
Howard Hughes Holdings Inc.
4.53% of portfolio |
ALEX
Alexander & Baldwin
2.92% of portfolio |
CXW
CoreCivic Inc.
1.94% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.13% of portfolio | ||||||||||
| 2010 Q4 | $5.71 B |
JCP
Penney (J.C.)
19.76% of portfolio |
GGP
Genl Growth Properties
18.97% of portfolio |
FO
Fortune Brands Inc.
17.59% of portfolio |
C
Citigroup Inc.
12.14% of portfolio |
MDLZ
Mondelez International
10.74% of portfolio |
TGT
Target Corp.
7.79% of portfolio |
GM
General Motors
4.64% of portfolio |
CXW
CoreCivic Inc.
3.44% of portfolio |
HHH
Howard Hughes Holdings Inc.
3.40% of portfolio |
ADP
Automatic Data Processing Inc.
1.14% of portfolio |
BGP
Borders Group
0.17% of portfolio |
ALEX
Alexander & Baldwin
0.12% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.12% of portfolio | |||||||
| 2010 Q3 | $4.04 B |
MDLZ
Mondelez International
21.10% of portfolio |
TGT
Target Corp.
18.71% of portfolio |
C
Citigroup Inc.
14.14% of portfolio |
JCP
Penney (J.C.)
10.57% of portfolio |
GGP
Genl Growth Properties
9.25% of portfolio |
FO
Fortune Brands Inc.
9.10% of portfolio |
ADP
Automatic Data Processing Inc.
9.05% of portfolio |
CXW
CoreCivic Inc.
6.68% of portfolio |
LNY
Landry's Restaurants Inc.
0.94% of portfolio |
BGP
Borders Group
0.31% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.15% of portfolio | |||||||||
| 2010 Q2 | $3.5 B |
TGT
Target Corp.
29.04% of portfolio |
MDLZ
Mondelez International
26.91% of portfolio |
C
Citigroup Inc.
15.73% of portfolio |
ADP
Automatic Data Processing Inc.
9.51% of portfolio |
GGP
Genl Growth Properties
9.07% of portfolio |
CXW
CoreCivic Inc.
5.96% of portfolio |
YUM
Yum! Brands Inc.
2.13% of portfolio |
LNY
Landry's Restaurants Inc.
1.09% of portfolio |
BGP
Borders Group
0.40% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.18% of portfolio | ||||||||||
| 2010 Q1 | $3.32 B |
TGT
Target Corp.
32.79% of portfolio |
MDLZ
Mondelez International
29.89% of portfolio |
YUM
Yum! Brands Inc.
17.56% of portfolio |
GGP
Genl Growth Properties
11.62% of portfolio |
CXW
CoreCivic Inc.
6.55% of portfolio |
LNY
Landry's Restaurants Inc.
0.84% of portfolio |
BGP
Borders Group
0.55% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.20% of portfolio | ||||||||||||
| 2009 Q4 | $1.9 B |
TGT
Target Corp.
53.03% of portfolio |
YUM
Yum! Brands Inc.
25.48% of portfolio |
CXW
CoreCivic Inc.
14.16% of portfolio |
H
Hyatt Hotels Corp.
4.35% of portfolio |
LNY
Landry's Restaurants Inc.
1.75% of portfolio |
BGP
Borders Group
0.66% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.31% of portfolio |
ADP
Automatic Data Processing Inc.
0.26% of portfolio | ||||||||||||
| 2009 Q3 | $3.13 B |
TGT
Target Corp.
38.80% of portfolio |
EMC
EMC Corp.
31.95% of portfolio |
MCD
McDonald's Corp.
15.04% of portfolio |
ADP
Automatic Data Processing Inc.
7.68% of portfolio |
CXW
CoreCivic Inc.
5.32% of portfolio |
BGP
Borders Group
1.05% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.15% of portfolio | |||||||||||||
| 2009 Q2 | $2.19 B |
TGT
Target Corp.
44.85% of portfolio |
EMC
EMC Corp.
35.12% of portfolio |
ADP
Automatic Data Processing Inc.
11.75% of portfolio |
MCD
McDonald's Corp.
6.30% of portfolio |
BGP
Borders Group
1.78% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.20% of portfolio | ||||||||||||||
| 2009 Q1 | $1.93 B |
TGT
Target Corp.
44.39% of portfolio |
EMC
EMC Corp.
34.68% of portfolio |
WEN
Wendy's Co.
8.44% of portfolio |
V
Visa Inc.
6.36% of portfolio |
AIV
Apartment Investment & Mgmt Co.
2.31% of portfolio |
YUM
Yum! Brands Inc.
2.22% of portfolio |
GGP
Genl Growth Properties
0.86% of portfolio |
BGP
Borders Group
0.35% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.21% of portfolio |
SKS
SAKS Inc.
0.13% of portfolio |
ALX
Alexander's Inc.
0.07% of portfolio | |||||||||
| 2008 Q4 | $2.38 B |
TGT
Target Corp.
38.83% of portfolio |
EMC
EMC Corp.
25.80% of portfolio |
V
Visa Inc.
15.73% of portfolio |
WEN
Wendy's Co.
9.77% of portfolio |
DPS
Dr Pepper Snapple Group Inc.
7.39% of portfolio |
GGP
Genl Growth Properties
1.09% of portfolio |
SHLDQ-OLD
Sears Holdings Corp.
0.49% of portfolio |
SKS
SAKS Inc.
0.25% of portfolio |
AIV
Apartment Investment & Mgmt Co.
0.24% of portfolio |
BGP
Borders Group
0.18% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.14% of portfolio |
ALX
Alexander's Inc.
0.09% of portfolio | ||||||||
| 2008 Q3 | $3.79 B |
TGT
Target Corp.
25.40% of portfolio |
EMC
EMC Corp.
18.51% of portfolio |
DPS
Dr Pepper Snapple Group Inc.
15.47% of portfolio |
WB-OLD
Wachovia Corp.
8.93% of portfolio |
WEN
Wendy's Co.
7.73% of portfolio |
LDG
Longs Drug Stores
6.27% of portfolio |
BKS
Barnes & Noble
4.50% of portfolio |
V
Visa Inc.
4.38% of portfolio |
AIG
American International Group
2.91% of portfolio |
MA
Mastercard Inc.
2.67% of portfolio |
BGP
Borders Group
1.84% of portfolio |
SHLDQ-OLD
Sears Holdings Corp.
1.24% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.15% of portfolio | |||||||
| 2008 Q2 | $3.04 B |
TGT
Target Corp.
30.02% of portfolio |
EMC
EMC Corp.
19.31% of portfolio |
SHLDQ-OLD
Sears Holdings Corp.
16.37% of portfolio |
DPS
Dr Pepper Snapple Group Inc.
14.77% of portfolio |
WEN
Wendy's Co.
11.73% of portfolio |
BKS
Barnes & Noble
5.35% of portfolio |
BGP
Borders Group
2.09% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.19% of portfolio |
LDG
Longs Drug Stores
0.12% of portfolio |
CBY
Cadbury PLC
0.04% of portfolio | ||||||||||
| 2008 Q1 | $2.34 B |
TGT
Target Corp.
52.00% of portfolio |
SHLDQ-OLD
Sears Holdings Corp.
29.45% of portfolio |
BKS
Barnes & Noble
8.57% of portfolio |
WEN
Wendy's Co.
7.05% of portfolio |
BGP
Borders Group
2.66% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.20% of portfolio |
CSG
Cadbury Schweppes PLC
0.07% of portfolio | |||||||||||||
| 2007 Q4 | $1.35 B |
SHLDQ-OLD
Sears Holdings Corp.
46.46% of portfolio |
TGT
Target Corp.
27.99% of portfolio |
BKS
Barnes & Noble
16.68% of portfolio |
BGP
Borders Group
8.36% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.38% of portfolio |
CSG
Cadbury Schweppes PLC
0.13% of portfolio | ||||||||||||||
| 2007 Q3 | $2.96 B |
MCD
McDonald's Corp.
34.56% of portfolio |
CEN-OLD
Ceridian Corp.
25.18% of portfolio |
SHLDQ-OLD
Sears Holdings Corp.
21.51% of portfolio |
BKS
Barnes & Noble
7.80% of portfolio |
TGT
Target Corp.
7.64% of portfolio |
BGP
Borders Group
3.09% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.17% of portfolio |
CSG
Cadbury Schweppes PLC
0.06% of portfolio | ||||||||||||
| 2007 Q2 | $2.44 B |
MCD
McDonald's Corp.
38.96% of portfolio |
CEN-OLD
Ceridian Corp.
30.69% of portfolio |
BKS
Barnes & Noble
10.29% of portfolio |
SPLS
Staples Inc.
10.04% of portfolio |
BGP
Borders Group
5.35% of portfolio |
TGT
Target Corp.
4.37% of portfolio |
GLRE
Greenlight Capital Re Ltd.
0.23% of portfolio |
CSG
Cadbury Schweppes PLC
0.08% of portfolio | ||||||||||||