Pershing Square Slightly Increases Exposure In Restaurant Brands, 13F Shows

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Mark Melin
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Pershing Square Capital Management appears to have some hunger pains. In 13F filings released today, William Ackman’s activist hedge fund made reported on a trio of food related issues while increasing its stake in Valeant Pharmaceuticals. All of the moves had been previously reported with the exception in a slight increase in exposure to Restaurant Brands. Pershing Square increases exposure in Restaurant Brands, lightens up on Mondelez Pershing Square slightly increased its stake in Restaurant Brands International to 16.9% in the first quarter, now owning just over 39 million shares. The 13F filing with the Securities and Exchange Commission revealed…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.