Bill Ackman

Pershing Square Inc.

as of Mar 31, 2023 · filed May 15, 2023 · 45-day reporting lag · historical report

Source filings

13F-HR 0001172661-23-002303

QuarterCompare any two quarters

Portfolio value$10.2B 16.3% vs. previous quarter

Positions71 new · 0 sold

Top 578.1%largest LOW at 19.6%

Largest moveGOOGNew · 10.4% weight

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

16%held throughout

QSR26

HLT24

CMG23

LOW16

HHC*14

Top 3 moves

GOOG+10.4%

LOW−3.9%

QSR−1.9%

1 new position and no positions sold; the largest portfolio-weight shift was GOOG entering at 10.4%.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

Sort

Reported holdings for Q1 2023

LOWLOWE'S COS INCConsumer Discretionary	19.6%-3.9%	Reduced3.3%	10,036,114	$199.97	$2.01B
CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary	17.2%-0.2%	Reduced6.9%	1,029,186	$1708.29	$1.76B
QSRRESTAURANT BRANDS INTERNConsumer Discretionary	15.9%-1.9%	Unchanged	24,194,166	$67.14	$1.62B
HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary	12.8%-1.6%	Reduced7.3%	9,299,041	$140.87	$1.31B
HHC*HOWARD HUGHES CORP/THEUnclassified	12.5%-1.3%	Increased0.6%	15,984,532	$80.00	$1.28B
Ticker unavailableCANADIAN PAC RY LTDUnclassified	11.5%-1.5%	Increased<0.1%	15,238,044	$76.94	$1.17B
GOOGNEWALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	10.4%+10.4%	New	GOOG8,069,770GOOGL2,185,000	GOOG$104.00GOOGL$103.73	$1.07B

Bill Ackman

Pershing Square Inc.

as of Mar 31, 2023 · filed May 15, 2023 · 45-day reporting lag · historical report

LOWLOWE'S COS INCConsumer Discretionary

19.6%-3.9%

Reduced3.3%

10,036,114

$199.97

$2.01B

CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary

17.2%-0.2%

Reduced6.9%

1,029,186

$1708.29

$1.76B

QSRRESTAURANT BRANDS INTERNConsumer Discretionary

15.9%-1.9%

Unchanged

24,194,166

$67.14

$1.62B

HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary

12.8%-1.6%

Reduced7.3%

9,299,041

$140.87

$1.31B

HHC*HOWARD HUGHES CORP/THEUnclassified

12.5%-1.3%

Increased0.6%

15,984,532

$80.00

$1.28B

Ticker unavailableCANADIAN PAC RY LTDUnclassified

11.5%-1.5%

Increased<0.1%

15,238,044

$76.94

$1.17B

GOOGNEWALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)

10.4%+10.4%

New

GOOG8,069,770GOOGL2,185,000

GOOG$104.00GOOGL$103.73

$1.07B