# Bill Ackman — Pershing Square Capital Management

Portfolio USD 19,465,694,000 · 14 positions · 2026 Q2 · history from 2007 Q2.
Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/psc

## Positions (2026 Q2)

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

## Moves this quarter (15)

- UBER Uber Technologies Inc.: +14.58% (USD 2,476,979,000)
- BN Brookfield Corp.: -3.71% (USD 2,448,118,000)
- MSFT Microsoft Corp.: +9.77% (USD 2,315,234,000)
- AMZN Amazon.com Inc.: -25.22% (USD 2,041,110,000)
- HHH Howard Hughes Holdings Inc.: +47.74% (USD 1,991,144,000)
- QSR Restaurant Brands International: +14.02% (USD 1,872,301,000)
- META Meta Platforms Inc.: +20.11% (USD 1,800,310,000)
- V Visa Inc.: new (USD 1,122,066,000)
- MA Mastercard Inc.: new (USD 1,091,218,000)
- SPGI S&P Global Inc.: new (USD 1,056,088,000)
- NFLX Netflix Inc.: new (USD 934,017,000)
- PSUS Pershing Square Usa Ltd: new (USD 149,520,000)
- GOOG Alphabet Inc. CL C: sold (USD 89,421,720)
- HTZ Hertz Global Hldgs Inc.: -1.64% (USD 33,956,000)
- GOOGL Alphabet Inc.: sold (USD 9,310,043)

## Portfolio value by quarter

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