Pershing Square Capital (Bill Ackman) acquired 2.67M shares of Meta Platforms (META) worth $1.764796B in Q4 2025, sold its entire remaining stake in Chipotle (CMG) after previously holding 21,541,177 shares, and reduced holdings in Alphabet Class C and A, Uber, and Restaurant Brands International. Filing reports Pershing Square had $15.5B AUM and lists reported share prices for the named stocks.

Filing shows a large $1.764796B accumulation of META (2.67M shares) which is a clear institutional buy signal; the same filing records a full exit from CMG and reductions in GOOG/GOOGL, UBER and QSR, indicating portfolio reallocation. All claims are drawn from the reported 13F summary and listed share counts/prices.