Bill Ackman's Portfolio — Pershing Square Capital Management, L.P.
CIK: 0001336528Latest portfolio: $15.5B · Q4 2025
Holdings
11
Total Value
$15.5B
New Positions
1
Closed Positions
1
Top Holdings
| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | BNBROOKFIELD CORP | 61,403,089 | $2.8B | 18.15% | +20.4M | |
| 2 | UBERUBER TECHNOLOGIES INC | 30,207,734 | $2.5B | 15.90% | -62,784 | |
| 3 | AMZNAMAZON COM INC | 9,607,824 | $2.2B | 14.28% | +3.8M | |
| 4 | GOOGALPHABET INC | 6,163,871 | $1.9B | 12.46% | -160,160 | |
| 5 | METAMETA PLATFORMS INC | 2,673,569 | $1.8B | 11.37% | NEW | |
| 6 | QSRRESTAURANT BRANDS INTL INC | 22,866,773 | $1.6B | 10.05% | -48,723 | |
| 7 | HHHHOWARD HUGHES HOLDINGS INC | 18,852,064 | $1.5B | 9.69% | — | |
| 8 | HLTHILTON WORLDWIDE HLDGS INC | 3,028,664 | $870.0M | 5.60% | -1,914 | |
| 9 | GOOGLALPHABET INC | 678,297 | $212.3M | 1.37% | -4,165,676 | |
| 10 | SEGSEAPORT ENTMT GROUP INC | 5,023,780 | $99.3M | 0.64% | — | |
| 11 | HTZHERTZ GLOBAL HLDGS INC | 15,241,127 | $78.3M | 0.50% | — |
Quarterly Changes
Sector Breakdown
Consumer Cyclical0.0% ($22176771560.2T)
Communication Services0.0% ($19342221764.8T)
Real Estate0.0% ($150.4T)
Financial Services0.0% ($2.8B)
Technology0.0% ($2.5B)
Industrials0.0% ($78.3M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $15.5B | 11 |
| Q3 2025 | Nov 14, 2025 | $14.6T | 11 |
| Q2 2025 | Aug 14, 2025 | $13.7T | 11 |
| Q1 2025 | May 15, 2025 | $11.9T | 11 |
| Q4 2024 | Feb 14, 2025 | $12.6T | 10 |
| Q3 2024 | Nov 14, 2024 | $12916.1T | 11 |
| Q2 2024 | Aug 14, 2024 | $10411.8T | 9 |
| Q1 2024 | May 15, 2024 | $10761.1T | 7 |
| Q4 2023 | Feb 14, 2024 | $10396.0T | 8 |
| Q3 2023 | Nov 14, 2023 | $10494.1T | 8 |
| Q2 2023 | Aug 14, 2023 | $10816.7T | 8 |
| Q1 2023 | May 15, 2023 | $10216.5T | 8 |
| Q4 2022 | Feb 13, 2023 | $8784.0T | 6 |
| Q3 2022 | Nov 14, 2022 | $7.9T | 6 |
| Q2 2022 | Aug 15, 2022 | $7.5T | 7 |
| Q1 2022 | May 16, 2022 | $10.4T | 8 |
| Q4 2021 | Feb 14, 2022 | $10.6T | 6 |
| Q3 2021 | Nov 15, 2021 | $9.5T | 6 |
| Q2 2021 | Aug 16, 2021 | $10.7T | 7 |
| Q1 2021 | May 17, 2021 | $10.5T | 7 |
| Q4 2020 | Feb 16, 2021 | $10.0T | 7 |
| Q3 2020 | Oct 23, 2020 | $8.8T | 7 |
| Q2 2020 | Aug 14, 2020 | $7.8T | 7 |
| Q1 2020 | May 15, 2020 | $6.6T | 10 |
| Q4 2019 | Feb 14, 2020 | $6.6T | 8 |
| Q3 2019 | Nov 14, 2019 | $6.3T | 7 |
| Q2 2019 | Aug 14, 2019 | $6.7T | 8 |
| Q1 2019 | May 15, 2019 | $6.7T | 8 |
| Q4 2018 | Feb 14, 2019 | $6.0T | 9 |
| Q3 2018 | Nov 14, 2018 | $5.2T | 7 |
| Q2 2018 | Aug 14, 2018 | $5.8T | 8 |
| Q1 2018 | May 15, 2018 | $4.8T | 7 |
| Q4 2017 | Feb 14, 2018 | $5.9T | 7 |
| Q3 2017 | Nov 14, 2017 | $5.1T | 6 |
| Q2 2017 | Aug 14, 2017 | $6.0T | 7 |
| Q1 2017 | May 15, 2017 | $6.0T | 7 |
| Q4 2016 | Feb 14, 2017 | $5.9T | 8 |
| Q3 2016 | Nov 14, 2016 | $5.4T | 9 |
| Q2 2016 | Aug 15, 2016 | $7.5T | 9 |
| Q1 2016 | May 16, 2016 | $8.9T | 9 |
Fund Information
Pershing Square Capital Management, L.P. is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $15.5B across 11 holdings. The largest position is BROOKFIELD CORP (BN), representing 18.1% of the portfolio. Compared to the previous quarter, the fund opened 1 new positions and closed 1 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.