Pershing Square’s 10% Stake in Restaurant Brands International Worth $1.6B
Pershing Square added a new 2.67M-share Meta position and boosted its Amazon stake by 65% in Q4 while slashing Alphabet Class A shares by 86%. Restaurant Brands International accounted for $1.6 billion or 10% of the fund’s portfolio at quarter end.
1. Portfolio Adjustments
In the fourth quarter, Pershing Square added a new 2,673,569-share Meta position and increased its Amazon stake by 65% while reducing Alphabet Class A shares by 86% and exiting Chipotle Mexican Grill. These moves reflect a shift toward AI beneficiaries and e-commerce leaders.
2. Restaurant Brands International Position
Restaurant Brands International represented $1.6 billion or 10% of the fund’s total holdings at quarter end. This marks RBI as one of Ackman’s top eight investments, underscoring confidence in its quick-service business model and cash flow generation.