Bill Ackman, Pershing Square Capital Management

Portfolio USD 19,465,694,000 across 14 positions as of 2026 Q2; history from 2007 Q2. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• UBER Uber Technologies Inc.: 13% of portfolio, USD 2,476,979,000, add +14.58%
• BN Brookfield Corp.: 13% of portfolio, USD 2,448,118,000, reduce -3.71%
• MSFT Microsoft Corp.: 12% of portfolio, USD 2,315,234,000, add +9.77%
• AMZN Amazon.com Inc.: 11% of portfolio, USD 2,041,110,000, reduce -25.22%
• HHH Howard Hughes Holdings Inc.: 10% of portfolio, USD 1,991,144,000, add +47.74%
• QSR Restaurant Brands International: 9.6% of portfolio, USD 1,872,301,000, add +14.02%
• META Meta Platforms Inc.: 9.3% of portfolio, USD 1,800,310,000, add +20.11%
• V Visa Inc.: 5.8% of portfolio, USD 1,122,066,000, new
• MA Mastercard Inc.: 5.6% of portfolio, USD 1,091,218,000, new
• SPGI S&P Global Inc.: 5.4% of portfolio, USD 1,056,088,000, new
• NFLX Netflix Inc.: 4.8% of portfolio, USD 934,017,000, new
• PSUS Pershing Square Usa Ltd: 0.8% of portfolio, USD 149,520,000, new
• SEG Seaport Entertainment Group: 0.7% of portfolio, USD 133,633,000, hold
• HTZ Hertz Global Hldgs Inc.: 0.2% of portfolio, USD 33,956,000, reduce -1.64%

Portfolio value, all published quarters

• 2007 Q2: USD 2,444,046,474
• 2007 Q3: USD 2,956,771,513
• 2007 Q4: USD 1,350,860,077
• 2008 Q1: USD 2,338,422,213
• 2008 Q2: USD 3,036,518,923
• 2008 Q3: USD 3,786,741,762
• 2008 Q4: USD 2,378,930,301
• 2009 Q1: USD 1,926,800,353
• 2009 Q2: USD 2,188,980,603
• 2009 Q3: USD 3,129,758,291
• 2009 Q4: USD 1,896,207,391
• 2010 Q1: USD 3,317,948,875
• 2010 Q2: USD 3,501,327,879
• 2010 Q3: USD 4,040,622,527
• 2010 Q4: USD 5,709,307,230
• 2011 Q1: USD 5,567,127,435
• 2011 Q2: USD 6,393,017,627
• 2011 Q3: USD 6,016,321,627
• 2011 Q4: USD 7,765,170,360
• 2012 Q1: USD 8,073,423,010
• 2012 Q2: USD 7,074,767,381
• 2012 Q3: USD 8,450,136,476
• 2012 Q4: USD 9,011,878,435
• 2013 Q1: USD 9,992,791,924
• 2013 Q2: USD 9,028,573,088
• 2013 Q3: USD 8,386,401,589
• 2013 Q4: USD 8,230,049,956
• 2014 Q1: USD 8,380,015,793
• 2014 Q2: USD 12,598,422,652
• 2014 Q3: USD 13,425,356,625
• 2014 Q4: USD 16,042,865,765
• 2015 Q1: USD 14,970,357,632
• 2015 Q2: USD 14,446,111,888
• 2015 Q3: USD 13,948,382,468
• 2015 Q4: USD 12,457,112,265
• 2016 Q1: USD 8,854,002,456
• 2016 Q2: USD 7,512,313,375
• 2016 Q3: USD 5,412,892,826
• 2016 Q4: USD 5,914,319,586
• 2017 Q1: USD 5,960,675,178
• 2017 Q2: USD 6,014,229,255
• 2017 Q3: USD 5,114,640,753
• 2017 Q4: USD 5,872,059,013
• 2018 Q1: USD 4,832,209,525
• 2018 Q2: USD 5,806,284,801
• 2018 Q3: USD 5,209,199,814
• 2018 Q4: USD 5,957,725,681
• 2019 Q1: USD 6,716,969,022
• 2019 Q2: USD 6,708,214,118
• 2019 Q3: USD 6,489,597,012
• 2019 Q4: USD 6,552,667,935
• 2020 Q1: USD 6,573,110,193
• 2020 Q2: USD 7,753,057,471
• 2020 Q3: USD 8,822,420,823
• 2020 Q4: USD 10,001,735,670
• 2021 Q1: USD 10,460,044,786
• 2021 Q2: USD 10,709,957,940
• 2021 Q3: USD 9,463,470,784
• 2021 Q4: USD 10,781,495,975
• 2022 Q1: USD 10,391,832,499
• 2022 Q2: USD 7,462,682,761
• 2022 Q3: USD 7,877,310,388
• 2022 Q4: USD 8,784,015,944
• 2023 Q1: USD 10,216,722,004
• 2023 Q2: USD 10,816,723,106
• 2023 Q3: USD 10,494,279,282
• 2023 Q4: USD 10,396,050,618
• 2024 Q1: USD 10,760,187,190
• 2024 Q2: USD 10,411,789,251
• 2024 Q3: USD 12,909,734,599
• 2024 Q4: USD 12,662,359,687
• 2025 Q1: USD 11,930,892,991
• 2025 Q2: USD 13,728,914,711
• 2025 Q3: USD 14,641,829,561
• 2025 Q4: USD 15,525,185,283
• 2026 Q1: USD 13,714,299,861
• 2026 Q2: USD 19,465,694,000