Bill Ackman

Pershing Square Inc.

as of Dec 31, 2024 · filed Apr 16, 2025 · 106-day reporting lag · historical report

Source filings

13F-HR 0001172661-25-001119

13F-HR/A 0001172661-25-001497

Amendment group, merged into one quarter

QuarterCompare any two quarters

Portfolio value$12.7B -2.0% vs. previous quarter

Positions101 new · 1 sold

Top 568.2%largest GOOG at 17.3%

Largest moveHLTReduced · -2.5% 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.

12%held throughout

QSR26

HLT24

CMG23

GOOG13

GOOGL13

Top 3 moves

HLT−2.5%

GOOG+2.4%

BN+2.4%

1 new position and 1 sold; the largest portfolio-weight shift was HLT losing 2.5% 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

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Reported holdings for Q4 2024

GOOGALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	17.3%+2.4%	Unchanged	GOOG7,547,582GOOGL3,986,488	GOOG$190.44GOOGL$189.30	$2.19B
BNBROOKFIELD CORPReal Estate	15.8%+2.4%	Increased6.6%	34,893,064	$57.45	$2.00B
QSRRESTAURANT BRANDS INTERNConsumer Discretionary	11.8%-1.0%	Unchanged	23,000,914	$65.18	$1.50B
CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary	11.7%-1.1%	Reduced14.4%	24,653,533	$60.30	$1.49B
HHHHOWARD HUGHES HOLDINGS INCReal Estate	11.5%+0.2%	Unchanged	18,852,064	$76.92	$1.45B
NKENIKE INC -CL BConsumer Discretionary	11.2%+0.1%	Increased15.3%	18,768,946	$75.67	$1.42B
HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary	10.6%-2.5%	Reduced26.2%	5,440,546	$247.16	$1.34B
CPCANADIAN PACIFIC KANSAS CITYIndustrials	8.5%-1.3%	Unchanged	14,877,651	$72.37	$1.08B
SEGSEAPORT ENTERTAINMENT GROUPConsumer Discretionary	1.1%+0.7%	Increased139.8%	5,023,780	$27.95	$140.4M
HTZNEWHERTZ GLOBAL HLDGS INCConsumer Discretionary	0.4%+0.4%	New	12,713,963	$3.66	$46.5M