most recent quarter, while EPS declined 14%. Ackman likely sees an opportunity in a company with strong brand recognition and a history of innovation.
Overall, Ackman made some significant changes to his portfolio during the second quarter, reducing his holdings in Chipotle and Alphabet while adding to his positions in Restaurant Brands and Brookfield Corp. It will be interesting to see how these moves play out in the coming months and how they contribute to Pershing Square’s continued success in the investing world.