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Pershing Square cuts Chipotle stake to 6.4 percent, citing 'portfolio management'

( June 28, 2019, 21:47 GMT | Official Statement) -- MLex Summary: Activist fund Pershing Square has reduced its stake in restaurant chain Chipotle Mexican Grill to 6.4 percent, down from around 6.7 percent as of March 31, and 7.4 percent a year ago. The fund, which once owned more than 10 percent of Chipotle, said in a filing with the US Securities and Exchange Commission that the sales were made for "portfolio management purposes."See SEC filing below....

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