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Bill Ackman Portfolio

Pershing Square Capital Management Holdings

A filing-based view of Pershing Square Capital Management’s publicly disclosed U.S.-listed equity holdings — with portfolio concentration, quarter-over-quarter changes and five years of SEC history.

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.

Confirmed SEC snapshot

$19.47B

Reported 13F value · Q2 2026

1413F entries
2026-08-14filing date
13F-HRsource filing
78verified quarters

Portfolio

UBER TECHNOLOGIES INCUBER
$2.48B
12.7%
-0.3%Est. vs filing basis
Position increased 14.6%
Reported shares34,326,200
Current price$72.56
SEC reference price$72.16
Estimated filing-based basis$72.77
Position historySEC quarter-end observations
Q2 2026
Increased 14.6%+4,367,429 reported shares
SEC ref. $72.16Est. basis $72.77
Q1 2026
Reduced 0.8%-248,963 reported shares
SEC ref. $71.93Est. basis $72.86
Q4 2025
Reduced 0.2%-62,784 reported shares
SEC ref. $81.71Est. basis $72.86
Q3 2025
Reduced 0.1%-30,643 reported shares
SEC ref. $97.97Est. basis $72.86
Q2 2025
Unchanged
SEC ref. $93.30Est. basis $72.86
Q1 2025
New position30,301,161 reported shares
SEC ref. $72.86Est. basis $72.86
BROOKFIELD CORPBN
$2.45B
12.6%
-23.2%Est. vs filing basis
Position reduced 3.7%
Reported shares57,481,047
Current price$38.05
SEC reference price$42.59
Estimated filing-based basis$49.55
Position historySEC quarter-end observations
Q2 2026
Reduced 3.7%-2,216,161 reported shares
SEC ref. $42.59Est. basis $49.55
Q1 2026
Reduced 2.8%-1,705,881 reported shares
SEC ref. $40.47Est. basis $49.55
Q4 2025
Increased 49.7%+20,382,858 reported shares
SEC ref. $45.89Est. basis $49.55
Q3 2025
Reduced 0.3%-140,166 reported shares
SEC ref. $68.58Est. basis $51.36
Q2 2025
Increased 0.4%+155,740 reported shares
SEC ref. $61.85Est. basis $51.36
Q1 2025
Increased 17.5%+6,111,593 reported shares
SEC ref. $52.41Est. basis $51.33
Q4 2024
Increased 6.6%+2,157,181 reported shares
SEC ref. $57.45Est. basis $51.14
Q3 2024
Increased 377.6%+25,881,373 reported shares
SEC ref. $53.15Est. basis $50.72
Q2 2024
New position6,854,510 reported shares
SEC ref. $41.54Est. basis $41.54
MICROSOFT CORPMSFT
$2.32B
11.9%
+32.9%Est. vs filing basis
Position increased 9.8%
Reported shares6,206,730
Current price$492.44
SEC reference price$373.02
Estimated filing-based basis$370.42
Position historySEC quarter-end observations
Q2 2026
Increased 9.8%+552,652 reported shares
SEC ref. $373.02Est. basis $370.42
Q1 2026
New position5,654,078 reported shares
SEC ref. $370.17Est. basis $370.17
AMAZON COM INCAMZN
$2.04B
10.5%
+13.8%Est. vs filing basis
Position reduced 25.2%
Reported shares8,563,857
Current price$251.89
SEC reference price$238.34
Estimated filing-based basis$221.38
Position historySEC quarter-end observations
Q2 2026
Reduced 25.2%-2,888,124 reported shares
SEC ref. $238.34Est. basis $221.38
Q1 2026
Increased 19.2%+1,844,157 reported shares
SEC ref. $208.27Est. basis $221.38
Q4 2025
Increased 65.0%+3,784,508 reported shares
SEC ref. $230.82Est. basis $223.89
Q3 2025
Unchanged
SEC ref. $219.57Est. basis $219.39
Q2 2025
New position5,823,316 reported shares
SEC ref. $219.39Est. basis $219.39
HOWARD HUGHES HOLDINGS INCHHH
$1.99B
10.2%
-15.4%Est. vs filing basis
Unchanged
Reported shares27,852,064
Current price$61.63
SEC reference price$71.49
Estimated filing-based basis$72.83
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $71.49Est. basis $72.83
Q1 2026
Unchanged
SEC ref. $63.26Est. basis $72.83
Q4 2025
Unchanged
SEC ref. $79.77Est. basis $72.83
Q3 2025
Unchanged
SEC ref. $82.17Est. basis $72.83
Q2 2025
Increased 47.7%+9,000,000 reported shares
SEC ref. $67.50Est. basis $72.83
Q1 2025
Unchanged
SEC ref. $74.08Est. basis $75.37
Q4 2024
Unchanged
SEC ref. $76.92Est. basis $75.37
Q3 2024
Unchanged
SEC ref. $77.43Est. basis $75.37
Q2 2024
Unchanged
SEC ref. $64.82Est. basis $75.37
Q1 2024
Unchanged
SEC ref. $72.62Est. basis $75.37
Q4 2023
Increased 12.2%+2,045,156 reported shares
SEC ref. $85.55Est. basis $75.37
Q3 2023
New position16,806,908 reported shares
SEC ref. $74.13Est. basis $74.13
RESTAURANT BRANDS INTL INCQSR
$1.87B
9.6%
+29.1%Est. vs filing basis
Position increased 14.0%
Reported shares25,821,284
Current price$76.49
SEC reference price$72.51
Estimated filing-based basis$59.25
Position historySEC quarter-end observations
Q2 2026
Increased 14.0%+3,175,801 reported shares
SEC ref. $72.51Est. basis $59.25
Q1 2026
Reduced 1.0%-221,290 reported shares
SEC ref. $73.90Est. basis $57.39
Q4 2025
Reduced 0.2%-48,723 reported shares
SEC ref. $68.23Est. basis $57.39
Q3 2025
Reduced 0.4%-85,418 reported shares
SEC ref. $64.14Est. basis $57.39
Q2 2025
Unchanged
SEC ref. $66.29Est. basis $57.39
Q1 2025
Unchanged
SEC ref. $66.64Est. basis $57.39
Q4 2024
Unchanged
SEC ref. $65.18Est. basis $57.39
Q3 2024
Reduced 0.6%-141,628 reported shares
SEC ref. $72.12Est. basis $57.39
Q2 2024
Reduced 0.9%-205,593 reported shares
SEC ref. $70.37Est. basis $57.39
Q1 2024
Unchanged
SEC ref. $79.45Est. basis $57.39
Q4 2023
Unchanged
SEC ref. $78.13Est. basis $57.39
Q3 2023
Unchanged
SEC ref. $66.62Est. basis $57.39
Q2 2023
Reduced 3.5%-846,031 reported shares
SEC ref. $77.52Est. basis $57.39
Q1 2023
Unchanged
SEC ref. $67.14Est. basis $57.39
Q4 2022
Unchanged
SEC ref. $64.67Est. basis $57.39
Q3 2022
Increased 1.6%+371,525 reported shares
SEC ref. $53.18Est. basis $57.39
Q2 2022
Reduced 0.2%-41,990 reported shares
SEC ref. $50.15Est. basis $57.46
Q1 2022
Reduced 0.3%-72,617 reported shares
SEC ref. $58.39Est. basis $57.46
Q4 2021
Unchanged
SEC ref. $60.68Est. basis $57.46
Q3 2021
Increased 1.0%+240,331 reported shares
SEC ref. $61.19Est. basis $57.46
META PLATFORMS INCMETA
$1.80B
9.2%
+0.1%Est. vs filing basis
Position increased 20.1%
Reported shares3,196,062
Current price$644.38
SEC reference price$563.29
Estimated filing-based basis$643.88
Position historySEC quarter-end observations
Q2 2026
Increased 20.1%+535,201 reported shares
SEC ref. $563.29Est. basis $643.88
Q1 2026
Reduced 0.5%-12,708 reported shares
SEC ref. $572.13Est. basis $660.09
Q4 2025
New position2,673,569 reported shares
SEC ref. $660.09Est. basis $660.09
VISA INCV
$1.12B
5.8%
+7.0%Est. vs filing basis
New reported position
Reported shares3,270,470
Current price$367.21
SEC reference price$343.09
Estimated filing-based basis$343.09
Position historySEC quarter-end observations
Q2 2026
New position3,270,470 reported shares
SEC ref. $343.09Est. basis $343.09
MASTERCARD INCORPORATEDMA
$1.09B
5.6%
+10.1%Est. vs filing basis
New reported position
Reported shares2,124,646
Current price$565.37
SEC reference price$513.60
Estimated filing-based basis$513.60
Position historySEC quarter-end observations
Q2 2026
New position2,124,646 reported shares
SEC ref. $513.60Est. basis $513.60
S&P GLOBAL INCSPGI
$1.06B
5.4%
+0.8%Est. vs filing basis
New reported position
Reported shares2,593,155
Current price$410.42
SEC reference price$407.26
Estimated filing-based basis$407.26
Position historySEC quarter-end observations
Q2 2026
New position2,593,155 reported shares
SEC ref. $407.26Est. basis $407.26
NETFLIX INC.NFLX
$934.0M
4.8%
+6.5%Est. vs filing basis
New reported position
Reported shares13,081,465
Current price$76.01
SEC reference price$71.40
Estimated filing-based basis$71.40
Position historySEC quarter-end observations
Q2 2026
New position13,081,465 reported shares
SEC ref. $71.40Est. basis $71.40
Q2 2022
Position exitedLast reported in prior verified quarter
Q1 2022
New position3,109,965 reported shares
SEC ref. $374.59Est. basis $374.59
PERSHING SQUARE USA LTD
$149.5M
0.8%
—Est. vs filing basis
New reported position
Reported shares4,000,000
SEC reference price$37.38
Estimated filing-based basis$37.38
Position historySEC quarter-end observations
Q2 2026
New position4,000,000 reported shares
SEC ref. $37.38Est. basis $37.38
SEAPORT ENTMT GROUP INC
$133.6M
0.7%
—Est. vs filing basis
Unchanged
Reported shares5,023,780
SEC reference price$26.60
Estimated filing-based basis$27.73
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $26.60Est. basis $27.73
Q1 2026
Unchanged
SEC ref. $21.48Est. basis $27.73
Q4 2025
Unchanged
SEC ref. $19.77Est. basis $27.73
Q3 2025
Unchanged
SEC ref. $22.92Est. basis $27.73
Q2 2025
Unchanged
SEC ref. $18.65Est. basis $27.73
Q1 2025
Unchanged
SEC ref. $21.47Est. basis $27.73
Q4 2024
Increased 139.8%+2,929,107 reported shares
SEC ref. $27.95Est. basis $27.73
Q3 2024
New position2,094,673 reported shares
SEC ref. $27.42Est. basis $27.42
HERTZ GLOBAL HLDGS INCHTZ
$34.0M
0.2%
-45.4%Est. vs filing basis
Position reduced 1.6%
Reported shares14,991,599
Current price$2.05
SEC reference price$2.27
Estimated filing-based basis$3.75
Position historySEC quarter-end observations
Q2 2026
Reduced 1.6%-249,528 reported shares
SEC ref. $2.27Est. basis $3.75
Q1 2026
Unchanged
SEC ref. $4.61Est. basis $3.75
Q4 2025
Unchanged
SEC ref. $5.14Est. basis $3.75
Q3 2025
Unchanged
SEC ref. $6.80Est. basis $3.75
Q2 2025
Increased 1.6%+241,127 reported shares
SEC ref. $6.83Est. basis $3.75
Q1 2025
Increased 18.0%+2,286,037 reported shares
SEC ref. $3.94Est. basis $3.70
Q4 2024
New position12,713,963 reported shares
SEC ref. $3.66Est. basis $3.66

Performance

Estimated 1Y performanceFiling-based estimate

-0.99%

Coverage 100% High coverage

Quarterly performanceBackend-published quarter legs within the 1Y estimate
2025-09-30+8.30%
2025-12-31-3.59%
2026-03-31-9.49%
2026-06-30+4.77%

Displayed legs are backend-ready filing-based estimates. They explain the path of the published 1Y result and are not summed or compounded in the browser.

MethodologyMIL_SEC_PERFORMANCE_V2_EXIT_AWARE_M2M
What this measures

Estimated return from standardized SEC-reported portfolio observations using the approved filing-based methodology. It is not an actual transaction-level or realized investor return.

Portfolio history

Q2 2026
$19.47B
14 positions
Q1 2026
$14.28B
11 positions
Q4 2025
$16.24B
11 positions
Q3 2025
$15.38B
11 positions
Q2 2025
$14.34B
11 positions

Methodology

1. Start with SEC filings

Official Form 13F filings and the canonical MarketInsiderLab filing record are authoritative. Unsupported or unverified data is withheld.

2. Use the verified filing denominator

Portfolio weights use the verified full filing total. Security identity and corporate-action continuity are reconciled before publication.

3. Compare verified quarter-end snapshots

Changes describe differences between verified SEC-reported quarter-end positions. They are not presented as exact buys, sells, trade dates, or execution prices.

4. Keep estimates clearly separated

Estimated filing-based basis and filing-based performance are backend-calculated research estimates, not actual execution prices or audited fund returns.

1-year performance is published only when four consecutive quarterly estimates pass QA and the weakest quarterly leg has at least 70% measurable coverage. Coverage of 90% or more is labeled High coverage; 70–89.9% is labeled Partial estimate. Lower-coverage estimates are withheld.

Bill Ackman Portfolio FAQ

How to interpret Pershing Square Capital Management’s delayed SEC disclosures.

What does this page track?
It tracks Pershing Square Capital Management’s publicly disclosed Form 13F positions, not Bill Ackman’s personal portfolio.
Are reported puts and calls ordinary stock holdings?
No. They are option positions reported on Form 13F. Their reported values are shown and labeled separately and should not be read as the amount of cash invested.
Why is the latest confirmed snapshot Q1 2026?
The tracker displays the newest Form 13F currently present in Pershing Square’s SEC submissions. The page year identifies the current tracker, while the confirmed snapshot states the actual report period and filing date.
Does Form 13F show exact trade dates?
No. It shows reportable positions at quarter-end and is filed later. Changes are inferred by comparing consecutive reports.
MarketInsiderLab tracks what public filings actually show.

Research and context — not a recommendation to copy any investor’s trades.

Explore investor portfolios →

Bill Ackman Portfolio FAQ

How to interpret Pershing Square Capital Management’s delayed SEC disclosures.

What does this page track?
It tracks Pershing Square Capital Management’s publicly disclosed Form 13F positions, not Bill Ackman’s personal portfolio.
Are reported puts and calls ordinary stock holdings?
No. They are option positions reported on Form 13F. Their reported values are shown and labeled separately and should not be read as the amount of cash invested.
Why is the latest confirmed snapshot Q1 2026?
The tracker displays the newest Form 13F currently present in Pershing Square’s SEC submissions. The page year identifies the current tracker, while the confirmed snapshot states the actual report period and filing date.
Does Form 13F show exact trade dates?
No. It shows reportable positions at quarter-end and is filed later. Changes are inferred by comparing consecutive reports.
MarketInsiderLab tracks what public filings actually show.Research and context — not a recommendation to copy any investor’s trades.
Explore investor portfolios →