Not classifiedBrookfield Corp
17.6%
Not classifiedValue$2.4B
Bill Ackman founded Pershing Square Capital Management.
Pershing Square Capital Management, L.P. Holdings · Q1 2026
| Stock | % | Avg. buy price | Estimated gain | Quarter-end price | Last transaction | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Not classifiedBrookfield Corp
17.6%
Not classifiedValue$2.4B
|
Not classifiedBrookfield Corp | 17.6% | – | – | – | – | |||||
 ASpecialty RetailAmazon.com, Inc. (AMZN)
17.4%
Avg. buy price
$211.71
Estimated gain−2.6%Quarter-end price
$206.15
Last transaction
Added· Q1 2026Increased shares by 19.2%
|
A
Specialty RetailAmazon.com, Inc. (AMZN)
|
17.4% | $211.71 | −2.6% | $206.15 | Added· Q1 2026Increased shares by 19.2% | |||||
 USoftware - ApplicationUber Technologies, Inc. (UBER)
15.7%
Avg. buy price
$72.04
Estimated gain−1.9%Quarter-end price
$70.68
Last transaction
Reduced· Q1 2026Sold 0.8% of shares
|
U
Software - ApplicationUber Technologies, Inc. (UBER)
|
15.7% | $72.04 | −1.9% | $70.68 | Reduced· Q1 2026Sold 0.8% of shares | |||||
 MSoftware - InfrastructureMicrosoft Corporation (MSFT)
15.3%
Avg. buy price
$418.80
Estimated gain−11.6%Quarter-end price
$370.17
Last transaction
New· Q1 2026Opened a new position
|
M
Software - InfrastructureMicrosoft Corporation (MSFT)
|
15.3% | $418.80 | −11.6% | $370.17 | New· Q1 2026Opened a new position | |||||
|
Not classifiedRestaurant Brands Intl Inc
12.2%
Not classifiedValue$1.7B
|
Not classifiedRestaurant Brands Intl Inc | 12.2% | – | – | – | – | |||||
 MInternet Content & InformationMeta Platforms, Inc. (META)
11.1%
Avg. buy price
$667.53
Estimated gain−16.5%Quarter-end price
$557.37
Last transaction
Reduced· Q1 2026Sold 0.5% of shares
|
M
Internet Content & InformationMeta Platforms, Inc. (META)
|
11.1% | $667.53 | −16.5% | $557.37 | Reduced· Q1 2026Sold 0.5% of shares | |||||
 HReal Estate - DiversifiedHoward Hughes Holdings Inc. (HHH)
8.7%
Last transaction
Added· Q4 2023Increased shares by 12.2%
|
H
Real Estate - DiversifiedHoward Hughes Holdings Inc. (HHH)
|
8.7% | – | – | – | Added· Q4 2023Increased shares by 12.2% | |||||
 SReal Estate - ServicesSeaport Entertainment Group Inc. (SEG)
0.8%
Last transaction
Added· Q4 2024Increased shares by 139.8%
|
S
Real Estate - ServicesSeaport Entertainment Group Inc. (SEG)
|
0.8% | – | – | – | Added· Q4 2024Increased shares by 139.8% | |||||
 GInternet Content & InformationAlphabet Inc. (GOOG)
0.7%
Avg. buy price
$99.23
Estimated gain+183.6%Quarter-end price
$281.39
Last transaction
Reduced· Q1 2026Sold 94.9% of shares
|
G
Internet Content & InformationAlphabet Inc. (GOOG)
|
0.7% | $99.23 | +183.6% | $281.39 | Reduced· Q1 2026Sold 94.9% of shares | |||||
 HRental & Leasing ServicesHertz Global Holdings, Inc. (HTZ)
0.5%
Avg. buy price
$5.46
Estimated gain−15.6%Quarter-end price
$4.61
Last transaction
New· Q1 2025Opened a new position
|
H
Rental & Leasing ServicesHertz Global Holdings, Inc. (HTZ)
|
0.5% | $5.46 | −15.6% | $4.61 | New· Q1 2025Opened a new position | |||||
 GInternet Content & InformationAlphabet Inc. (GOOGL)
0.1%
Avg. buy price
$127.19
Estimated gain+121.2%Quarter-end price
$281.41
Last transaction
Reduced· Q1 2026Sold 95.2% of shares
|
G
Internet Content & InformationAlphabet Inc. (GOOGL)
|
0.1% | $127.19 | +121.2% | $281.41 | Reduced· Q1 2026Sold 95.2% of shares | |||||
G
Alphabet Inc. (GOOG)
−$1.8B
H
Hilton Worldwide Holdings Inc. (HLT)
Exited−$918M
G
Alphabet Inc. (GOOGL)
−$203M
U
Uber Technologies, Inc. (UBER)
−$19M
M
Meta Platforms, Inc. (META)
−$8.1M
M
Microsoft Corporation (MSFT)
New+$2.4B
A
Amazon.com, Inc. (AMZN)
+$406M
Largest holdings in Q1 2026, sized by their share of the disclosed portfolio. This shows what is owned, not what changed.
Bill Ackman founded Pershing Square Capital Management. This page shows Pershing Square's quarterly Form 13F report of certain United States listed long positions, not Ackman's personal account. The report does not cover cash, short positions, private investments, many derivatives, or trades completed before quarter end.
SEC filing history for Pershing Square Capital Management, L.P.
Profile refreshed July 20, 2026
As of the Q1 2026 filing, Bill Ackman's largest disclosed holdings are Brookfield Corp, Amazon.com, Inc. (AMZN), Uber Technologies, Inc. (UBER). The table shows 11 of 11 positions by default, with an exact-count control for the remaining rows. Disclosed shares and values remain visible even when a separate market-price estimate is unavailable.
The biggest disclosed buys in Q1 2026 were Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN), based on the Pershing Square Capital Management, L.P. 13F filing. New positions are marked "new" in the table above.
The biggest reductions in Q1 2026 were Alphabet Inc. (GOOG), Alphabet Inc. (GOOGL), Uber Technologies, Inc. (UBER). The filing comparison contains 1 full exits, summarized in the activity view above.
The latest 13F discloses $13.7B across 11 positions in Q1 2026. 13F filings cover US-listed long positions only; cash and short positions are not disclosed.
Funds file 13Fs up to 45 days after each quarter ends, so this portfolio reflects Q1 2026, the latest disclosed quarter. The filing date is shown with every table.
Non-rejected, non-superseded SEC Form 13F filings for Pershing Square Capital Management, L.P. provide the Q1 2026 holdings, disclosed values, and filing date shown here. WhoBought prefers filings whose value units validate and labels a sparse filing when validation is unavailable. Industry labels come from the local company classification record.
Performance uses daily closing prices for holdings with available market-price history. It covers the priced share of disclosed value (72%); holdings without sufficient price history are excluded from the calculation.
Bill Ackman is an American activist investor and the founder and chief executive of Pershing Square Capital Management.
Ackman is known for taking meaningful stakes and publicly pressing companies to change. At Canadian Pacific, Pershing Square pursued a proxy contest that led to major leadership changes after shareholders backed its proposed slate.
After Harvard College and Harvard Business School, he co-founded Gotham Partners with David Berkowitz in 1992. That firm was his main investment vehicle before Pershing Square.
He started Pershing Square Capital Management in 2004 with $54 million from his own funds and backing connected to Leucadia National.
His record includes successes and losses. The Canadian Pacific campaign brought major corporate changes, while Pershing Square eventually closed its long-running Herbalife short at a loss.
Yes. He remains the firm's founder and chief executive.
No. It is Pershing Square's Form 13F view. The current-holdings and quarterly-changes sections cover the fund's disclosed stocks, additions, reductions, and exits.
The filing is better used as research than as a live trade feed. It shows quarter-end positions after a reporting delay and omits cash, shorts, private investments, many derivatives, and trades completed inside the quarter.
No. Personal wealth and fund-wide returns are different from the value of US-listed long positions reported on Form 13F.