Bill Ackman’s comeback is on fire with the hedge fund manager up nearly 40% this year

Pershing’s 2019 success, well ahead of the broader stock market, is in large part thanks to the outperformance of a handful of Ackman’s stock picks. Chipotle Mexican Grill, for example, is up 65% this year while Restaurant Brands International is up 30%. Ackman first bought Chipotle stock in 2016 at an average price of $405 per share.