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

Top holdingBrookfield Corp

Below band0

New

Added

Exited

By what price implies: 2 demand a demanding growth rate, 2 modest.

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-03-31):

Howard Hughes Holdings IncHHH9% · 2

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Brookfield CorpBN	$2.42B	—	8	59,697,208	17.6%	Core 8q
Amazon Com IncAMZN	$2.39B	—	39	11,451,981	17.4%	Big new
Uber Technologies IncUBER	$2.15B	—	15	29,958,771	15.7%	—
Microsoft CorpMSFT	$2.09B	—	43	5,654,078	15.3%	Big new
Restaurant Brands Intl IncQSR	$1.67B	—	5	22,645,483	12.2%	Core 8q
Meta Platforms IncMETA	$1.52B	—	35	2,660,861	11.1%	—
Howard Hughes Holdings IncHHH	$1.19B	—	2	18,852,064	8.7%	No trim 8q
Seaport Entmt Group IncSEG	$107.9M	—	2	5,023,780	0.8%	No trim 7q
Alphabet IncGOOG	$89.4M	—	37	311,726	0.7%	—
Hertz Global Hldgs IncHTZ	$70.3M	—	2	15,241,127	0.5%	No trim 5q
Alphabet IncGOOGL	$9.3M	—	41	32,376	0.1%	—

Brookfield CorpBNCore 8q
Value$2.42BValuation—Holders8Weight17.6%
Amazon Com IncAMZNBig new
Value$2.39BValuation—Holders39Weight17.4%
Uber Technologies IncUBER—
Value$2.15BValuation—Holders15Weight15.7%
Microsoft CorpMSFTBig new
Value$2.09BValuation—Holders43Weight15.3%
Restaurant Brands Intl IncQSRCore 8q
Value$1.67BValuation—Holders5Weight12.2%
Meta Platforms IncMETA—
Value$1.52BValuation—Holders35Weight11.1%
Howard Hughes Holdings IncHHHNo trim 8q
Value$1.19BValuation—Holders2Weight8.7%
Seaport Entmt Group IncSEGNo trim 7q
Value$107.9MValuation—Holders2Weight0.8%
Alphabet IncGOOG—
Value$89.4MValuation—Holders37Weight0.7%
Hertz Global Hldgs IncHTZNo trim 5q
Value$70.3MValuation—Holders2Weight0.5%
Alphabet IncGOOGL—
Value$9.3MValuation—Holders41Weight0.1%

Exited this quarter (1)Hilton Worldwide Hldgs Inc

What is a superinvestor

About this investor

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.

Bill Ackman has no positions in the strike zone right now. Browse the whole market by value band

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

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