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Chipotle Mexican Grill Inc

CMG

Chipotle Mexican Grill Inc

Chipotle Mexican Grill Inc historical holders

total: 5

Pershing Square Capital Management Chipotle Mexican Grill Inc transactions over time

Total transactions:
19
New positions:
1
Sold out:
1
Added:
2
Reduced:
15
Held since:
2016 Q3
Held for:
37 quarters
Latest activity:
2025 Q4
Bill Ackman has been an institutional investor in Chipotle Mexican Grill Inc (CMG) since 2016 Q3. According to 2026 Q1 report, Bill Ackman doesn't hold any shares. The fund/company first acquired CMG in 2016 Q3, initially purchasing about 27.71M shares. Since the initial investment, Pershing Square Capital Management has made 18 more transactions in this position.

When did Bill Ackman exit their CMG position?

Bill Ackman no longer holds Chipotle Mexican Grill Inc (CMG). They sold off their entire position in 2025 Q4, closing out an investment that began in 2016 Q3.

When did Bill Ackman first invest in CMG?

Bill Ackman first invested in Chipotle Mexican Grill Inc (CMG) in 2016 Q3 at the reported quarter-end price of $8.47 per share, acquiring 27,710,650 shares in their initial purchase.

What is Bill Ackman's average cost basis for CMG?

Based on historical transaction data, Bill Ackman's estimated cost basis for Chipotle Mexican Grill Inc (CMG) is approximately $8.01 per share. This represents their average reported price* across all buy transactions.

Estimated cost basis*

Weighted AVG buy price:
$8.00
Weighted AVG sell price:
$25.24

CMG transactions history by Pershing Square Capital Management

19 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q4
0.00%
0
$39.19
-100% (-21,541,177)
-5.77%
2025 Q1
9.07%
21,541,177
$50.21
$1,081,582,497
-12.62% (-3,112,356)
-1.23%
2024 Q4
11.74%
24,653,533
$60.30
$1,486,608,040
-14.44% (-4,161,632)
-1.94%
2024 Q2
17.34%
28,815,165
$62.65
$1,805,270,087
-22.54% (-8,384,035)
-4.88%
2024 Q1
20.10%
37,199,200
$58.14
$2,162,590,372
-9.82% (-4,050,700)
-2.27%
2023 Q4
18.15%
41,249,900
$45.74
$1,886,737,426
-13.49% (-6,430,500)
-2.8%
2023 Q2
18.86%
47,680,400
$42.78
$2,039,767,512
-7.34% (-3,778,900)
-1.58%
2023 Q1
17.21%
51,459,300
$34.17
$1,758,148,152
-6.88% (-3,801,100)
-1.48%
2022 Q2
19.36%
55,260,400
$26.15
$1,444,794,000
-0.85% (-475,850)
-0.12%
2021 Q3
21.41%
55,736,250
$36.35
$2,026,035,000
+2.63% (+1,429,450)
+0.55%
2021 Q1
14.75%
$28.42
-6.47% (-3,754,800)
2020 Q1
11.56%
$13.09
-32.66% (-28,153,900)
2019 Q3
22.33%
$16.81
-3.28% (-2,920,000)
2019 Q2
19.48%
$14.66
-4.29% (-4,000,000)
2019 Q1
19.70%
$14.21
-4.02% (-3,904,450)
2018 Q4
14.07%
$8.64
-5.75% (-5,915,350)
2018 Q3
17.97%
$9.09
-28.56% (-41,167,850)
2016 Q4
18.39%
$7.55
+420.10% (+116,412,500)
2016 Q3
4.34%
$8.47
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.