This article is part of a series that provides an ongoing analysis of the changes made to Pershing Square's 13F portfolio on a quarterly basis. It is based on Ackman's regulatory 13F Form filed on 02/14/2020. Please visit our Tracking Bill Ackman's Pershing Square Holdings article for an idea on how his holdings have progressed over the years and our previous update for the fund's moves during Q3 2019.
Ackman's 13F portfolio value increased marginally from $6.49B to $6.55B this quarter. The number of positions remained steady at 8. The portfolio remains heavily concentrated with