LOW - Pershing Square's Q2 sole exit was Netflix while maintaining Lowe's Howard Hughes

• Bill Ackman's Pershing Square Capital Management  disclosed in a SEC filing that it exited its stake in Netflix ( NFLX ) during the second quarter ended June 30.
• Netflix had formed ~11.21% of Pershing's portfolio dollar value. The fund had picked up ~3.1M shares of the streaming site in Q1 and sold the stake in April losing about $435M.
• The fund's recent portfolio value is ~$7.46B.
• Pershing also reduced its positions in Chipotle Mexican Grill ( CMG ) by ~0.85% to ~1.11M shares; Hilton Worldwide ( HLT ) by ~0.44% to 9.90M shares. The fund also lowered stake in Domino's Pizza ( DPZ ) and Restaurant Brands International ( QSR ).
• Pershing maintained position in Howard Hughes ( HHC ), Lowe's Companies ( LOW ) and Canadian Pacific Railway ( CP ).

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