Bill Ackman's Pershing Square takes new stake in Alphabet, trims Chipotle
Bryan Bedder

During the first quarter of 2023, Bill Ackman's Pershing Square Capital Management took a new position in Alphabet Class A (NASDAQ:GOOGL), with about 2.19M shares, and Alphabet Class C (NASDAQ:GOOG), with ~8.07M shares, according to the firm's 13F filing dated Monday.

It reduced its positions in Chipotle Mexican Grill Inc. (NYSE:CMG) 1.03M shares from 1.11M, Hilton Worldwide Holdings Inc. (NYSE:HLT) to 9.30M shares from 10.03M, and Lowes Co. Inc (NYSE:LOW) to 10.04M shares from 10.37M.
Holdings were bumped up in Howard Hughes Corp. (NYSE:HHC) to about 16M shares from 15.9M.
Earlier, Chase Coleman's Tiger Global disclosed that it boosted its Alphabet stake.