Bill Ackman

Net selling

Pershing Square Capital Management, L.P. — managed by Bill Ackman; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$13.71B（−12%）

Holdings11

Reporting quarterQ1 2026

Top holdingBrookfield Corp

Portfolio overview

Pershing Square Capital Management, L.P.'s most recent 13F filing, for the quarter ended 2026-03-31, reports 11 positions worth $13.71B. The top 5 holdings represent 78% of that value, a concentrated portfolio.

The single largest position is Brookfield Corp at 17.6% of the portfolio, followed by Amazon Com Inc at 17.4% and Uber Technologies Inc at 15.7%.

Against the prior quarter, Bill Ackman opened 1 new position, exited 1, added to 1, and trimmed 6. The largest new buy was Microsoft Corp. The most notable sale was the full exit from Hilton Worldwide Hldgs Inc.

Across all 8 quarters on file, Brookfield Corp has appeared in every filing, as has Restaurant Brands Intl Inc. Brookfield Corp currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Amazon Com IncAMZNBig new buy

Big add last quarter — 17.4% of the book.

Microsoft CorpMSFTBig new buy

Big new buy last quarter — 15.3% of the book.

Brookfield CorpBNCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Bill Ackman's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Bill Ackman has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Brookfield CorpBN	$2.42B	—	8	59,697,208	18.1% → 17.6% ▼
Amazon Com IncAMZN	$2.39B	Above value	31	11,451,981	14.3% → 17.4% ▲
Uber Technologies IncUBER	$2.15B	Above value	12	29,958,771	15.9% → 15.7% ▼
Microsoft CorpMSFT	$2.09B	Above value	32	5,654,078	New · 15.3%
Restaurant Brands Intl IncQSR	$1.67B	Above value	5	22,645,483	10.0% → 12.2% ▼
Meta Platforms IncMETA	$1.52B	Above value	27	2,660,861	11.4% → 11.1% ▼
Howard Hughes Holdings IncHHH	$1.19B	Above value	1	18,852,064	9.7% → 8.7%
Seaport Entmt Group IncSEG	$107.9M	—	2	5,023,780	0.6% → 0.8%
Alphabet IncGOOG	$89.4M	Above value	31	311,726	12.5% → 0.7% ▼
Hertz Global Hldgs IncHTZ	$70.3M	—	2	15,241,127	0.5% → 0.5%
Alphabet IncGOOGL	$9.3M	Above value	34	32,376	1.4% → 0.1% ▼

Brookfield CorpBN
Value$2.42BValuation—Holders8Weight (prev→now)18.1% → 17.6% ▼
Amazon Com IncAMZN
Value$2.39BValuationAbove valueHolders31Weight (prev→now)14.3% → 17.4% ▲
Uber Technologies IncUBER
Value$2.15BValuationAbove valueHolders12Weight (prev→now)15.9% → 15.7% ▼
Microsoft CorpMSFT
Value$2.09BValuationAbove valueHolders32Weight (prev→now)New · 15.3%
Restaurant Brands Intl IncQSR
Value$1.67BValuationAbove valueHolders5Weight (prev→now)10.0% → 12.2% ▼
Meta Platforms IncMETA
Value$1.52BValuationAbove valueHolders27Weight (prev→now)11.4% → 11.1% ▼
Howard Hughes Holdings IncHHH
Value$1.19BValuationAbove valueHolders1Weight (prev→now)9.7% → 8.7%
Seaport Entmt Group IncSEG
Value$107.9MValuation—Holders2Weight (prev→now)0.6% → 0.8%
Alphabet IncGOOG
Value$89.4MValuationAbove valueHolders31Weight (prev→now)12.5% → 0.7% ▼
Hertz Global Hldgs IncHTZ
Value$70.3MValuation—Holders2Weight (prev→now)0.5% → 0.5%
Alphabet IncGOOGL
Value$9.3MValuationAbove valueHolders34Weight (prev→now)1.4% → 0.1% ▼

Exited this quarter (1)Hilton Worldwide Hldgs Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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