Bill Ackman

Pershing Square Inc.

as of Dec 31, 2023 · filed Feb 14, 2024 · 45-day reporting lag · historical report

Source filings

13F-HR 0001172661-24-001556

QuarterCompare any two quarters

Portfolio value$10.4B -0.9% vs. previous quarter

Positions70 new · 0 sold

Top 585.9%largest GOOG at 18.6%

Largest moveLOWReduced · -11.3% weight shift

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.

18%held throughout

QSR26

HLT24

CMG23

LOW16

GOOG13

Top 3 moves

LOW−11.3%

HHH+3.6%

QSR+2.7%

No new positions and no positions sold; the largest portfolio-weight shift was LOW losing 11.3% of portfolio weight.

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 Q4 2023

GOOGALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	18.6%+1.4%	Unchanged	GOOG9,377,195GOOGL4,354,824	GOOG$140.93GOOGL$139.69	$1.93B
CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary	18.1%+1.5%	Reduced13.5%	824,998	$2286.96	$1.89B
QSRRESTAURANT BRANDS INTERNConsumer Discretionary	17.5%+2.7%	Unchanged	23,348,135	$78.13	$1.82B
HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary	16.1%+1.3%	Reduced10.9%	9,181,180	$182.09	$1.67B
HHHHOWARD HUGHES HOLDINGS INCReal Estate	15.5%+3.6%	Increased12.2%	18,852,064	$85.55	$1.61B
CPCANADIAN PACIFIC KANSAS CITYIndustrials	11.5%+0.8%	Unchanged	15,095,528	$79.06	$1.19B
LOWLOWE'S COS INCConsumer Discretionary	2.7%-11.3%	Reduced82.4%	1,245,515	$222.55	$277.2M

Bill Ackman

Pershing Square Inc.

as of Dec 31, 2023 · filed Feb 14, 2024 · 45-day reporting lag · historical report

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

18.6%+1.4%

Unchanged

GOOG9,377,195GOOGL4,354,824

GOOG$140.93GOOGL$139.69

$1.93B

CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary

18.1%+1.5%

Reduced13.5%

824,998

$2286.96

$1.89B

QSRRESTAURANT BRANDS INTERNConsumer Discretionary

17.5%+2.7%

Unchanged

23,348,135

$78.13

$1.82B

HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary

16.1%+1.3%

Reduced10.9%

9,181,180

$182.09

$1.67B

HHHHOWARD HUGHES HOLDINGS INCReal Estate

15.5%+3.6%

Increased12.2%

18,852,064

$85.55

$1.61B

CPCANADIAN PACIFIC KANSAS CITYIndustrials

11.5%+0.8%

Unchanged

15,095,528

$79.06

$1.19B

LOWLOWE'S COS INCConsumer Discretionary

2.7%-11.3%

Reduced82.4%

1,245,515

$222.55

$277.2M