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Bill Ackman · Pershing Square Capital Management, L.P.

Period:Q4 2025
Portfolio date:Dec 31, 2025
No. of stocks:11
Portfolio value:$15.5B
CIK 0001336528·SEC EDGAR
Quarter:Q4 2025· latestQ3 2025Q2 2025
Stock% of PortfolioRecent ActivitySharesReported Price *ValueCurrent Price+/- Reported Price52 Week Low52 Week High
BN · Brookfield Corp.18.15Add 49.69%61,403,089$45.89$2,817,787,754$47.08+2.59%$37.54$49.57
UBER · Uber Technologies Inc.15.90Reduce 0.21%30,207,734$81.71$2,468,273,945$75.45-7.66%$68.46$101.99
AMZN · Amazon Com Inc.14.28Add 64.99%9,607,824$230.82$2,217,677,936$272.68+18.14%$196.00$278.56
GOOG · Alphabet Inc.12.46Reduce 2.53%6,163,871$313.80$1,934,222,720$400.71+27.70%$156.16$402.00
META · Meta Platforms, Inc.11.37New2,673,569$660.09$1,764,796,161$609.63-7.64%$520.26$796.25
QSR · Restaurant Brands Intl Inc.10.05Reduce 0.21%22,866,773$68.23$1,560,199,922$79.71+16.83%$61.33$81.96
HHH · Howard Hughes Holdings Inc.9.6918,852,064$79.77$1,503,829,145$65.77-17.55%$61.01$91.07
HLT · Hilton Worldwide Hldgs Inc.5.60Reduce 0.06%3,028,664$287.25$869,983,734$316.78+10.28%$241.45$344.75
GOOGL · Alphabet Inc.1.37Reduce 86.00%678,297$313.00$212,306,961$400.71+28.02%$156.16$402.00
SEG · Seaport Entmt Group Inc.0.645,023,780$19.77$99,320,131$22.22+12.39%$17.28$28.34
HTZ · Hertz Global Hldgs Inc.0.5015,241,127$5.14$78,339,393$6.05+17.70%$3.77$8.44
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held. Price columns + 52-week range are placeholders pending v2 price-data feed.
Sector % analysis
6 sectors represented
Consumer Cyclical
29.93
Communication Services
25.19
Financial Services
18.15
Technology
15.90
Real Estate
10.33
Industrials
0.50
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Articles & Commentaries
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