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Pershing Square Capital Management, L.P.
Hedge Fund • Activist
Pershing Square Capital Management, L.P. is an Activist Hedge Fund based in New York, NY led by William Albert Ackman, reporting $18.3B in AUM as of Q2 2025 with 35% Consumer Cyclical concentration, 99% concentrated in top 10 holdings, and 21% allocation to UBER.
CEOWilliam Albert Ackman
- Portfolio Value
- $13.7B
- Positions
- 11
- Top Holding
- UBER at 20.59%
- Last Reported
- Q2 2025
Top Holdings
Largest long holdings in Pershing Square Capital Management, L.P.'s portfolio (99.3% of total portfolio)
| Holding | Sector | Market Value | Weight | Ownership |
|---|---|---|---|---|
1  Uber Technologies UBER | Software - Application Technology | $2.8B | 20.59% | 1.45% 30.3M shares |
2  Brookfield BN | Asset Management Financial Services | $2.5B | 18.54% | 2.68% 41.2M shares |
3  Restaurant Brands International QSR | Restaurants Consumer Cyclical | $1.5B | 11.11% | 7.02% 23.0M shares |
4  Amazon AMZN | Specialty Retail Consumer Cyclical | $1.3B | 9.31% | 0.05% 5.8M shares |
5  Howard Hughes HHH | Real Estate - Diversified Real Estate | $1.3B | 9.27% | 31.74% 18.9M shares |
6  Chipotle Mexican Grill CMG | Restaurants Consumer Cyclical | $1.2B | 8.81% | 1.60% 21.5M shares |
7  Alphabet Inc. GOOG | Internet Content & Information Communication Services | $1.1B | 8.17% | 0.05% 6.3M shares |
8 Alphabet Inc. GOOGL | Internet Content & Information Communication Services | $945.1M | 6.88% | 0.04% 5.4M shares |
9  Hilton Worldwide HLT | Travel Lodging Consumer Cyclical | $807.2M | 5.88% | 1.27% 3.0M shares |
10  Hertz Global Holdings, Inc. HTZ | Rental & Leasing Services Industrials | $104.1M | 0.76% | 4.93% 15.2M shares |
Changes
Portfolio activity, position movements, and quarter-over-quarter changes in Pershing Square Capital Management, L.P.'s latest filing
Market Value
Q/Q Change
Net Flows % of MV
Turnover Ratio
New Purchases
Added To
Sold Out Of
Reduced Holdings
Increased Positions
| Position | Shares Δ |
|---|---|
1 Amazon AMZN | New |
2 Alphabet Inc. GOOGL | +20.84% |
3 Hertz Global Holdings, Inc. HTZ | +1.61% |
4 Hilton Worldwide HLT | +0.99% |
5 Brookfield BN | +0.38% |
Decreased Positions
| Position | Shares Δ |
|---|---|
1  Canadian Pacific Kansas City CP | Sold |
Analytics
Portfolio insights and performance metrics for Pershing Square Capital Management, L.P.