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Bill Ackman
Pershing Square Capital Management
Activist investor
$15.53B
Portfolio Value
11
Holdings
Q4 '25
Period
2026-02-17
Filed
📈
⚠️ ApproximationSimulated 13F Return
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
BNINCREASED
18.1% of portfolio
+50% shares-1.1pp
UBERREDUCED
15.9% of portfolio
-0% shares-4.4pp
AMZNINCREASED
14.3% of portfolio
+65% shares+5.6pp
GOOGREDUCED
12.5% of portfolio
-3% shares+1.9pp
METANEW
11.4% of portfolio
New position
QSRREDUCED
10.0% of portfolio
-0% shares+0.0pp
HLTREDUCED
5.6% of portfolio
-0% shares+0.2pp
GOOGLINCREASED
1.4% of portfolio
-86% shares-6.7pp
CMGSOLD
was 5.8%
Sold out position
Filing price: $39.19
Sold Out (1)
📊 Sector Breakdown
Portfolio allocation by sector
Technology 55.4%Unknown 39.0%Consumer Discretionary 5.6%
💼 Holdings
🔍
11 of 11 positions · $15.53B
This quarter: 1 new position, increased 3, reduced 4, sold 1. Net seller.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BNBROOKFIELD CORP | 18.1% | Add 49.69% | 61403089 | $45.89 | $2.82B | — | — | — | — | 📄 | |
| 2 | UBERUBER TECHNOLOGIES INC | 15.9% | Reduce 0.21% | 30207734 | $81.71 | $2.47B | — | — | — | — | 📄 | |
| 3 | AMZNAMAZON COM INC | 14.3% | Add 64.99% | 9607824 | $230.82 | $2.22B | — | — | — | — | 📄 | |
| 4 | GOOGALPHABET INC | 12.5% | Reduce 2.53% | 6163871 | $313.80 | $1.93B | — | — | — | — | 📄 | |
| 5 | METAMETA PLATFORMS INC | 11.4% | Buy | 2673569 | $660.09 | $1.76B | — | — | — | — | 📄 | |
| 6 | QSRRESTAURANT BRANDS INTL INC | 10.0% | Reduce 0.21% | 22866773 | $68.23 | $1.56B | — | — | — | — | 📄 | |
| 7 | HHHHOWARD HUGHES HOLDINGS INC | 9.7% | Held | 18852064 | $79.77 | $1.50B | — | — | — | — | 📄 | |
| 8 | HLTHILTON WORLDWIDE HLDGS INC | 5.6% | Reduce 0.06% | 3028664 | $287.25 | $870.0M | — | — | — | — | 📄 | |
| 9 | GOOGLALPHABET INC | 1.4% | Add 86.00% | 678297 | $313.00 | $212.3M | — | — | — | — | 📄 | |
| 10 | SEGSeaport Entertainment Group | 0.6% | Held | 5023780 | $19.77 | $99.3M | — | — | — | — | 📄 | |
| 11 | HTZHERTZ GLOBAL HLDGS INC | 0.5% | Held | 15241127 | $5.14 | $78.3M | — | — | — | — | 📄 |