According to the filing, Pershing Square purchased approximately 1.3 million shares of Alphabet’s class C stock, bringing its total position to $1.1 billion. The firm’s stake in Alphabet’s class A shares remained unchanged at $261 million.

On the other hand, Pershing Square decreased its holdings in Lowe’s by more than 25% during the second quarter. The fund’s total position in the home improvement and supplies company now stands at $1.6 billion, down from about $2 billion.

Pershing Square also made adjustments to its investments in Chipotle and Restaurant Brands International, reducing its positions in both companies. Additionally, the filing revealed that the hedge fund’s stake in Canadian Pacific Railway dissolved due to its merger with Kansas City Southern. However, Pershing Square now holds a stake in the newly merged company, known as Canadian Pacific Kansas City, valued at $1.2 billion.

At the end of the second quarter, Ackman’s fund managed approximately $10.8 billion in 13F securities, according to WhaleWisdom.com.