Columbia Business School’s Heilbrunn Center for Graham & Dodd Investing recently hosted the annual Pershing Square Challenge, which is sponsored by Bill Ackman’s family foundation. According to the school’s website, the challenge is “the culmination of a three-month competition among roughly forty teams of first- and second-year Columbia Business School Students enrolled in the [center’s] Applied Security Analysis course.” Following an initial round of eliminations, five finalist teams pitched their stock ideas to a panel of ten judges.

This year’s winners were Windsor Cristobal ’18, Anji Lin ’18, and Isabella Lin ’18. They pitched Yum China, which was spun off from Yum Brands in November 2016. The company has the rights to KFC, Pizza Hut and Taco Bell in China. It also owns the Little Sheep and East Dawning concepts. 

You can watch all the finalist pitches below: