Pershing Square Capital Management's Q3-Q4 2022 13F report reveals interesting changes in holdings.

Pershing Square Capital Management, L.P. has recently released its Q3 2022 vs Q4 2022 13F holdings comparison report, and it shows some interesting changes in holdings. The 13F report is a quarterly filing that all institutional investment managers with assets under management exceeding $100 million are required to file with the Securities and Exchange Commission. It provides a glimpse into what institutional investors are buying and selling.

The first stock that caught my attention in the report is Lowe's Companies, Inc. (LOW). The report shows that Pershing Square Capital Management did not make any changes to its holdings of Lowe's Companies, Inc. between Q3 2022 and Q4 2022, with total shares held remaining constant at 10,374,801. However, the value of these shares increased from $1,948,491 in Q3 2022 to $2,067,075 in Q4 2022, representing a 6.1% increase in value.

The second stock that saw a notable change in holdings is Restaurant Brands International Inc. (QSR). Pershing Square Capital Management did not make any changes to its holdings of QSR between Q3 2022 and Q4 2022, with total shares held remaining constant at 24,194,166. However, the value of these shares increased from $1,286,646 in Q3 2022 to $1,564,636 in Q4 2022, representing a 21.6% increase in value.

The third stock is Chipotle Mexican Grill Inc. (CMG). Pershing Square Capital Management did not make any changes to its holdings of CMG between Q3 2022 and Q4 2022, with total shares held remaining constant at 1,105,208. However, the value of these shares decreased from $1,660,862 in Q3 2022 to $1,533,465 in Q4 2022, representing a 7.7% decrease in value.

The fourth stock is Hilton Worldwide Holdings Inc. (HLT). Pershing Square Capital Management did not make any changes to its holdings of HLT between Q3 2022 and Q4 2022, with total shares held remaining constant at 10,031,580. However, the value of these shares increased from $1,210,009 in Q3 2022 to $1,267,590 in Q4 2022, representing a 4.8% increase in value.

The fifth stock is Howard Hughes Corporation (HHC). The report shows that Pershing Square Capital Management increased its holdings of HHC from 13,620,164 shares in Q3 2022 to 15,895,135 shares in Q4 2022. The value of these shares also increased from $754,421 in Q3 2022 to $1,214,706 in Q4 2022, representing a 61% increase in value.

Finally, the sixth stock is Canadian Pacific Railway Limited (CP.TO). The report shows that Pershing Square Capital Management did not make any changes to its holdings of CP.TO between Q3 2022 and Q4 2022, with total shares held remaining constant at 15,237,044. However, the value of these shares increased from $1,016,616 in Q3 2022 to $1,136,531 in Q4 2022, representing an 11.8% increase in value.

In summary, the report highlights some notable changes in holdings of Pershing Square Capital Management, L.P. between Q3 2022 and Q4 2022. While the majority of stocks did not see any changes in the number of shares held, there were significant changes in the values of these holdings. The most significant change was in the shares of Howard Hughes Corporation, which saw a 61% increase in value.