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
| # | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|
| 1 | BNBROOKFIELD CORP | 61.40M | $2.82B | 18.15% | NEW |
| 2 | UBERUBER TECHNOLOGIES INC | 30.21M | $2.47B | 15.90% | NEW |
| 3 | AMZNAMAZON COM INC | 9.61M | $2.22B | 14.28% | NEW |
| 4 | GOOGALPHABET INC | 6.16M | $1.93B | 12.46% | NEW |
| 5 | METAMETA PLATFORMS INC | 2.67M | $1.76B | 11.37% | NEW |
| 6 | QSRRESTAURANT BRANDS INTL INC | 22.87M | $1.56B | 10.05% | NEW |
| 7 | HHHHOWARD HUGHES HOLDINGS INC | 18.85M | $1.50B | 9.69% | NEW |
| 8 | HLTHILTON WORLDWIDE HLDGS INC | 3.03M | $869.98M | 5.60% | NEW |
| 9 | GOOGLALPHABET INC | 678K | $212.31M | 1.37% | NEW |
| 10 | SEGSEAPORT ENTMT GROUP INC | 5.02M | $99.32M | 0.64% | NEW |
| 11 | HTZHERTZ GLOBAL HLDGS INC | 15.24M | $78.34M | 0.51% | NEW |
New positions10
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.