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Pershing Square Capital Management’s holding in Chipotle Mexican Grill Inc decreased to about 1.1 million shares with the transaction.
Pershing Square Capital Management first bought Chipotle Mexican Grill Inc stock in the third quarter of 2016. Pershing Square Capital Management also owns Starbucks Corporation (NASDAQ:SBUX). Chipotle Mexican Grill Inc is its number one position by number of shares and market value among restaurants stocks.
Other investors who also reduced their Chipotle Mexican Grill Inc shares include California State Teachers Retirement System, Capital International Inc., and Citigroup (NYSE:C). Contrary to Pershing Square Capital Management, Alkeon Capital Management, Eaton Vance (NYSE:EV) Management, and the T. Rowe Price Equity Income Fund added to CMG shares, while Bridgewater Associates, Gotham Asset Management, and Point72 Asset Management introduced CMG shares to their portfolio.
