Pershing Square Capital Management, L.P.

Superinvestor · Bill Ackman

CIK

1336528

Location

New York, NY

Portfolio Value

Large $13,624,878,135

Diversification

Diversified

Filing Date

Global Rank

#348 / 8,576 ▲ 11

Top Industry

Asset Management 17.7%

3Y Alpha vs SPY

-11.1%

Period ended 2 months ago

Filed May 15, 2026 · 28d

25 quarters · since Mar 2020

Portfolio Concentration

10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.7%

−3.0 pts

Top 5

78.7%

−1.0 pts

Top 10

100.0%

0.0 pts

HHI

1,460

Diversified−32

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	31.2%	$4,247,904,451	2
Consumer Cyclical	29.8%	$4,058,605,275	2
Financial Services	17.7%	$2,415,946,007	1
Communication Services	11.2%	$1,531,668,445	2
Real Estate	9.5%	$1,300,492,362	2
Industrials	0.5%	$70,261,595	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
AMZN	Amazon Com Inc	+1,844,157	11,451,981	$2,385,104,082
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
BN	BROOKFIELD Corp /ON/	−1,705,881	59,697,208	$2,415,946,007
GOOGL	Alphabet Inc.	−645,921	32,376	$9,310,042
UBER	Uber Technologies, Inc	−248,963	29,958,771	$2,154,934,398
QSR	Restaurant Brands International Inc.	−221,290	22,645,483	$1,673,501,193
META	Meta Platforms, Inc.	−12,708	2,660,861	$1,522,358,403
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
MSFT	Microsoft Corp	5,654,078	$2,092,970,053
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
HLT	Hilton Worldwide Holdings Inc.	3,028,664	$869,983,734
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

10 positions · $13,624,878,135 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	59,697,208	-1,705,881	$2,415,946,007	−14.3%	$44.32	17.73%
AMZN	Amazon Com Inc Consumer Cyclical	Added	11,451,981	+1,844,157	$2,385,104,082	+7.5%	$220.17	17.51%
UBER	Uber Technologies, Inc Technology	Reduced	29,958,771	-248,963	$2,154,934,398	−12.7%	$76.97	15.82%
MSFT	Microsoft Corp Technology	NEW	5,654,078	NEW	$2,092,970,053	NEW	$418.44	15.36%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	22,645,483	-221,290	$1,673,501,193	+7.3%	$70.21	12.28%
META	Meta Platforms, Inc. Communication Services	Reduced	2,660,861	-12,708	$1,522,358,403	−13.7%	$640.86	11.17%
HHH	Howard Hughes Holdings Inc. Real Estate	Held	18,852,064	0	$1,192,581,568	−20.7%	$74.98	8.75%
SEG	Seaport Entertainment Group Inc. Real Estate	Held	5,023,780	0	$107,910,794	+8.6%	$20.88	0.79%
HTZ	Hertz Global Holdings, Inc Industrials	Held	15,241,127	0	$70,261,595	−10.3%	$4.84	0.52%
GOOGL	Alphabet Inc. Communication Services	Reduced	32,376	-645,921	$9,310,042	−95.6%	$314.21	0.07%