Pershing Square (Bill Ackman)
Pershing Square Capital Management, L.P. · CIK 0001336528 · NEW YORK, NY · Quarter end: 2026-03-31 · Filed on: 2026-05-15 · Open the SEC source ↗Activist Investor
Portfolio Value (AUM)Total value of the fund's US stock portfolio reported to the SEC.
$13.71B
2026 Q1
Positions
11
Top-10 ConcentrationHow much of the portfolio sits in the 10 largest holdings. High = concentrated bets.
99.9%
Est. Net Flow (Q)
—
2026 Q1
AUM History
Quarterly History · 40 Quarter
| Quarter | Filed | Holdings | Total Value | Turnover % | Top 10 |
|---|---|---|---|---|---|
| 2026 Q1 | 2026-05-15 | 11 | $13.71B | 20.3% | BN, AMZN, UBER, MSFT, QSR, META, HHH, SEG, GOOG, HTZ |
| 2025 Q4 | 2026-02-17 | 11 | $15.53B | 17.3% | BN, UBER, AMZN, GOOG, META, QSR, HHH, HLT, GOOGL, SEG |
| 2025 Q3 | 2025-11-14 | 11 | $14.64B | 0.0% | UBER, BN, HHH, GOOG, QSR, AMZN, GOOGL, CMG, HLT, SEG |
| 2025 Q2 | 2025-08-14 | 11 | $13.73B | 18.1% | UBER, BN, QSR, AMZN, HHH, CMG, GOOG, GOOGL, HLT, HTZ |
| 2025 Q1 | 2025-05-15 | 11 | $11.93B | 198.2% | UBER, BN, QSR, HHH, CMG, CP, GOOG, GOOGL, HLT, SEG |
| 2024 Q4 | 2025-04-16 | 1 | $46.5M | 200.0% | HTZ |
| 2024 Q3 | 2024-11-14 | 11 | $12.92B | 0.6% | BN, HLT, CMG, QSR, HHH, NKE, CP, GOOG, GOOGL, SEG |
| 2024 Q2 | 2024-08-14 | 9 | $10.41B | 4.8% | HLT, CMG, QSR, GOOG, HHH, CP, GOOGL, BN, NKE |
| 2024 Q1 | 2024-05-15 | 7 | $10.76B | 2.6% | CMG, HLT, QSR, GOOG, HHH, CP, GOOGL |
| 2023 Q4 | 2024-02-14 | 8 | $10.40B | 0.0% | CMG, QSR, HLT, HHH, GOOG, CP, GOOGL, LOW |
| 2023 Q3 | 2023-11-14 | 8 | $10.49B | 24.0% | CMG, QSR, HLT, LOW, HHH, GOOG, CP, GOOGL |
| 2023 Q2 | 2023-08-14 | 8 | $10.82B | 22.7% | CMG, QSR, LOW, HLT, HHC*, CP, GOOG, GOOGL |
| 2023 Q1 | 2023-05-15 | 8 | $10.22B | 11.2% | LOW, CMG, QSR, HLT, HHC*, 13645T100, GOOG, GOOGL |
| 2022 Q4 | 2023-02-13 | 6 | $8.78B | 0.0% | LOW, QSR, CMG, HLT, HHC*, 13645T100 |
| 2022 Q3 | 2022-11-14 | 6 | $7.88B | 10.5% | LOW, CMG, QSR, HLT, 13645T100, HHC* |
| 2022 Q2 | 2022-08-15 | 7 | $7.46B | 13.1% | LOW, CMG, QSR, HLT, HHC*, DPZ, 13645T100 |
| 2022 Q1 | 2022-05-16 | 8 | $10.39B | 191.6% | LOW, CMG, HLT, HHC*, QSR, NFLX, DPZ, 13645T100 |
| 2021 Q4 | 2022-03-07 | 1 | $202.4M | 200.0% | 13645T100 |
| 2021 Q3 | 2021-11-15 | 6 | $9.46B | 17.1% | LOW, CMG, HLT, QSR, HHC*, DPZ |
| 2021 Q2 | 2021-08-16 | 7 | $10.71B | 0.0% | LOW, A, CMG, HLT, QSR, HHC*, DPZ |
| 2021 Q1 | 2021-05-17 | 7 | $10.46B | 17.9% | LOW, HLT, QSR, CMG, A, HHC*, DPZ |
| 2020 Q4 | 2021-02-16 | 7 | $10.00B | 0.0% | LOW, CMG, QSR, HLT, A, SBUX, HHC* |
| 2020 Q3 | 2020-10-23 | 7 | $8.82B | 0.0% | LOW, QSR, CMG, A, HLT, SBUX, HHC* |
| 2020 Q2 | 2020-08-14 | 7 | $7.75B | 14.3% | LOW, QSR, CMG, A, HLT, SBUX, HHC* |
| 2020 Q1 | 2020-05-15 | 10 | $6.57B | 0.5% | LOW, BRK-B, HLT, A, CMG, SBUX, HHC*, QSR, BX, PK |
| 2019 Q4 | 2020-02-14 | 8 | $6.55B | 185.2% | CMG, HLT, LOW, QSR, BRK-B, SBUX, HHC*, A |
| 2019 Q3 | 2019-12-09 | 1 | $223.5M | 200.0% | A |
| 2019 Q2 | 2019-08-14 | 8 | $6.71B | 22.3% | CMG, QSR, HLT, LOW, SBUX, BRK-B, ADP, HHC* |
| 2019 Q1 | 2019-05-15 | 8 | $6.72B | 6.6% | CMG, QSR, LOW, HLT, UTXZ, SBUX, ADP, HHC* |
| 2018 Q4 | 2019-02-14 | 9 | $5.96B | 27.6% | QSR, LOW, CMG, HLT, SBUX, UTXZ, ADP, 72766Q105, HHC* |
| 2018 Q3 | 2018-11-14 | 7 | $5.21B | 12.2% | QSR, LOW, CMG, UTXZ, ADP, 72766Q105, HHC* |
| 2018 Q2 | 2018-08-14 | 8 | $5.80B | 13.9% | QSR, CMG, LOW, MDLZ, UTXZ, ADP, 72766Q105, HHC* |
| 2018 Q1 | 2018-05-15 | 7 | $4.83B | 11.4% | QSR, CMG, ADP, MDLZ, 72766Q105, HHC*, UTXZ |
| 2017 Q4 | 2018-02-14 | 7 | $5.87B | 6.7% | QSR, ADP, MDLZ, CMG, HHC*, 72766Q105, NKE |
| 2017 Q3 | 2017-11-14 | 6 | $5.11B | 8.4% | QSR, ADP, CMG, MDLZ, HHC*, 72766Q105 |
| 2017 Q2 | 2017-08-14 | 7 | $6.01B | 8.2% | QSR, CMG, MDLZ, HHC*, 72766Q105, G6564A105, ADP |
| 2017 Q1 | 2017-05-15 | 7 | $5.96B | 4.4% | QSR, CMG, MDLZ, 72766Q105, HHC*, G6564A105, APD |
| 2016 Q4 | 2017-02-14 | 8 | $5.91B | 2.5% | QSR, CMG, MDLZ, APD, HHC*, 72766Q105, G6564A105, 91911K102 |
| 2016 Q3 | 2016-11-14 | 9 | $5.41B | 23.2% | QSR, MDLZ, APD, 91911K102, HHC*, G6564A105, 72766Q105, CMG, ZTS |
| 2016 Q2 | 2016-08-15 | 9 | $7.51B | — | QSR, 13645T100, APD, MDLZ, ZTS, 91911K102, HHC*, 72766Q105, G6564A105 |
Share counts are split-adjusted. Time held counts consecutive quarters ending with the latest filing; more than ten years shows as ">10 Years".
Related managers
Five closest superinvestors by Jaccard overlap of tickers held in the latest quarter (computed nightly).
| Manager | Overlap | Shared holdings |
|---|---|---|
| Altimeter Capital Management | 19.2% | MSFT, GOOGL, UBER, AMZN, META |
| Greenlea Lane Capital (Josh Tarasoff) | 16.7% | GOOGL, BN, AMZN |
| RV Capital (Robert Vinall) | 14.3% | MSFT, GOOGL, META |
| Corvex Management | 12.9% | MSFT, QSR, AMZN, META |
| Appaloosa (David Tepper) | 12.5% | GOOG, UBER, AMZN, META |
Read the 2026-Q2 quarterly report · 13F Filing Calendar
13F data shows quarter-end positions, is delayed by up to 45 days and covers only long positions in US-listed securities; short positions, most derivatives and non-US assets are not reported.