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Bill Ackman

Pershing Square Capital Management

Activist investor

🌐 Website📍 New York, NYEst. 2004💰 ~$18B AUM

$13.71B

Portfolio Value

11

Holdings

Q1 '26

Period

2026-05-15

Filed

📈

Simulated 13F Return

⚠️ Approximation

Total Return

+15.54%

Q4 '24 → Q3 '25

Annualized

+21.32%/yr

S&P: +18.77%/yr

Alpha (vs S&P)

+1.82%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

BNREDUCED
17.6% of portfolio
-3% shares-0.5pp
AMZNREDUCED
17.4% of portfolio
+19% shares+3.1pp
UBERREDUCED
15.7% of portfolio
-1% shares-0.2pp
MSFTNEW
15.3% of portfolio
New position
QSRREDUCED
12.2% of portfolio
-1% shares+2.2pp
METAREDUCED
11.1% of portfolio
-0% shares-0.3pp
GOOGREDUCED
0.7% of portfolio
-95% shares-11.8pp
GOOGLREDUCED
0.1% of portfolio
-95% shares-1.3pp
HLTSOLD
was 5.6%
Sold out position
Filing price: $287.25

Sold Out (1)

SOLDHLTHILTON WORLDWIDE HLDGS INCwas 5.60%@$287.25

📊 Sector Breakdown

Portfolio allocation by sector

Technology 60.2%Unknown 39.8%

💼 Holdings

🔍

11 of 11 positions · $13.71B

This quarter: 1 new position, reduced 7, sold 1. Net seller.

BNREDUCED
17.6%
17.6% of portfolio (was 18.1%, trimmed)
Filed ~$40
—📄
AMZNREDUCED
17.4%
17.4% of portfolio (was 14.3%, trimmed)
Filed ~$208
—📄
UBERREDUCED
15.7%
15.7% of portfolio (was 15.9%, trimmed)
Filed ~$72
—📄
MSFTNEW
15.3%
15.3% of portfolio (new position)
Filed ~$370
—📄
QSRREDUCED
12.2%
12.2% of portfolio (was 10.0%, trimmed)
Filed ~$74
—📄
METAREDUCED
11.1%
11.1% of portfolio (was 11.4%, trimmed)
Filed ~$572
—📄
HHH
8.7%
8.7% of portfolio
Filed ~$63
—📄
SEG
0.8%
0.8% of portfolio
Filed ~$21
—📄
GOOGREDUCED
0.7%
0.7% of portfolio (was 12.5%, trimmed)
Filed ~$287
—📄
HTZWW
0.5%
0.5% of portfolio
Filed ~$5
—📄
GOOGLREDUCED
0.1%
0.1% of portfolio (was 1.4%, trimmed)
Filed ~$288
—📄

🚫 Sold Out (1 positions)

SOLDHLTHILTON WORLDWIDE HLDGS INCwas 5.60%@$287.253028664 shares · $870.0M