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All Hedge Funds/Pershing Square

Pershing Square 13F Holdings

Managed by Bill Ackman

activistconcentrated
Portfolio Value
$15.53B
As of Q4 2025

Activist hedge fund run by Bill Ackman. Highly concentrated portfolio of large-cap North American businesses. Known for public activist campaigns.

Positions
11
Top 10 concentration
99.5%
New positions
11
Sold out
0
Portfolio ConcentrationTop 10 by value
Portfolio
$15.53B
BN— BROOKFIELD CORP
18.1%
UBER— UBER TECHNOLOGIES INC
15.9%
AMZN— AMAZON COM INC
14.3%
GOOG— ALPHABET INC
12.5%
META— META PLATFORMS INC
11.4%
QSR— RESTAURANT BRANDS INTL INC
10.0%
HHH— HOWARD HUGHES HOLDINGS INC
9.7%
HLT— HILTON WORLDWIDE HLDGS INC
5.6%
GOOGL— ALPHABET INC
1.4%
SEG— SEAPORT ENTMT GROUP INC
0.6%
Top 10 positions = 99.5% of portfolio
Top HoldingsLatest Q4 2025
#CompanySharesValueWeightChange
1BNBROOKFIELD CORP61.40M$2.82B18.15%NEW
2UBERUBER TECHNOLOGIES INC30.21M$2.47B15.90%NEW
3AMZNAMAZON COM INC9.61M$2.22B14.28%NEW
4GOOGALPHABET INC6.16M$1.93B12.46%NEW
5METAMETA PLATFORMS INC2.67M$1.76B11.37%NEW
6QSRRESTAURANT BRANDS INTL INC22.87M$1.56B10.05%NEW
7HHHHOWARD HUGHES HOLDINGS INC18.85M$1.50B9.69%NEW
8HLTHILTON WORLDWIDE HLDGS INC3.03M$869.98M5.60%NEW
9GOOGLALPHABET INC678K$212.31M1.37%NEW
10SEGSEAPORT ENTMT GROUP INC5.02M$99.32M0.64%NEW
11HTZHERTZ GLOBAL HLDGS INC15.24M$78.34M0.51%NEW
New positions10
BN
BROOKFIELD CORP
$2.82B
UBER
UBER TECHNOLOGIES INC
$2.47B
AMZN
AMAZON COM INC
$2.22B
GOOG
ALPHABET INC
$1.93B
META
META PLATFORMS INC
$1.76B
QSR
RESTAURANT BRANDS INTL INC
$1.56B
About this data

Data from SEC Form 13F-HR filings. 13Fs are filed 45 days after quarter-end and only show long US equity positions. Short positions, options, and intra-quarter trading are NOT shown. Research only — not investment advice.