Pershing Square Capital Management (Bill Ackman) latest 13F portfolio: 14 holdings worth $19.5B as of Q2 2026.
Backtested since 2020: mirroring Pershing Square Capital Management's reported 13F equity holdings each quarter would have returned +170.6% versus +182.3%for the S&P 500 (+17.0% annualized). See the Performance tab for the full equity curve.
Investor: Bill Ackman
Number of Assets: 14
Reporting Period: Q2 - 2026
Holdings at Report: $19,465,692,772
Return $ Since Report: +$734,549,466
Return % Since Report: +3.77%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Amazon.com Inc. (AMZN) | Equity | -25.22% | 8,563,857 | 10.49% | $238.34 | $253.71 | $2,041,109,677 | $2,172,736,159 | +$131,626,482 | +6.45% |
| Brookfield Corp. (BN) | Equity | -3.71% | 57,481,047 | 12.58% | $42.59 | $37.51 | $2,448,117,792 | $2,156,114,073 | -$292,003,719 | -11.93% |
| Hertz Global Holdings Inc. (HTZ) | Equity | -1.64% | 14,991,599 | 0.17% | $2.27 | $1.82 | $33,955,972 | $27,284,710 | -$6,671,262 | -19.65% |
| Restaurant Brands International Inc. (QSR) | Equity | +14.02% | 25,821,284 | 9.62% | $72.51 | $72.88 | $1,872,301,303 | $1,881,855,178 | +$9,553,875 | +0.51% |
| Seaport Entertainment Group Inc. (SEG) | Equity | 0% | 5,023,780 | 0.69% | $26.60 | $24.14 | $133,632,548 | $121,274,049 | -$12,358,499 | -9.25% |
| Visa Inc. (V) | Equity | +100% | 3,270,470 | 5.76% | $343.09 | $368.29 | $1,122,065,552 | $1,204,481,396 | +$82,415,844 | +7.35% |
| Howard Hughes Holdings Inc. (HHH) | Equity | +47.74% | 27,852,064 | 10.23% | $71.49 | $60.22 | $1,991,144,055 | $1,677,251,294 | -$313,892,761 | -15.76% |
| Pershing Square USA LTD (PSUS) | Equity | +100% | 4,000,000 | 0.77% | $37.38 | $38.90 | $149,520,000 | $155,600,000 | +$6,080,000 | +4.07% |
| S&P Global Inc. (SPGI) | Equity | +100% | 2,593,155 | 5.43% | $407.26 | $405.32 | $1,056,088,305 | $1,051,057,585 | -$5,030,720 | -0.48% |
| Uber Technologies Inc. (UBER) | Equity | +14.58% | 34,326,200 | 12.72% | $72.16 | $70.50 | $2,476,978,592 | $2,419,997,100 | -$56,981,492 | -2.30% |
| Mastercard Inc. (MA) | Equity | +100% | 2,124,646 | 5.61% | $513.60 | $565.24 | $1,091,218,186 | $1,200,934,905 | +$109,716,719 | +10.05% |
| Microsoft Corp. (MSFT) | Equity | +9.77% | 6,206,730 | 11.89% | $373.02 | $493.78 | $2,315,234,425 | $3,064,759,139 | +$749,524,714 | +32.37% |
| Meta Platforms Inc. (META) | Equity | +20.11% | 3,196,062 | 9.25% | $563.29 | $665.75 | $1,800,309,764 | $2,127,778,277 | +$327,468,513 | +18.19% |
| Netflix Inc. (NFLX) | Equity | +100% | 13,081,465 | 4.80% | $71.40 | $71.79 | $934,016,601 | $939,118,372 | +$5,101,771 | +0.55% |