Billionaire Bill Ackman Dumped His Fund's Stake in Chipotle and Has Piled Into This Dual-Industry Leader Over the Previous 3 Quarters
2026-03-11 05:26:00 ET
Amid the heart of earnings season lies one of Wall Street's most important quarterly data releases: the filing of Form 13Fs with regulators. A 13F allows investors to track which stocks Wall Street's brightest asset managers bought and sold in the latest quarter (in this instance, the fourth quarter).
On Feb. 17, the 13F filing from one of Wall Street's most-followed billionaire investors , Bill Ackman of Pershing Square Capital Management, showed he completely exited his former top holding, Chipotle Mexican Grill (NYSE: CMG) . At the same time, Ackman was a busy buyer of a "magnificent" dual-industry leader for the second time over the last three quarters.
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