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Bill Ackman

Pershing Square Capital Management, L.P.

Report date Mar 31, 2025 · 25 quarters available

Filed May 15, 2025, 45 days after the quarter ended · 13F-HR 0001172661-25-002315

Q2 2026 13F data is not published yet; the SEC filing deadline is August 14, 2026.

Reported portfolio value$11.9B-5.8% vs. previous quarter
Positions1110 new
Top-five concentration70.1%of the reported portfolio
Largest positionUBERUBER TECHNOLOGIES INC · 18.5% weight

Portfolio structure

Size by reported market value, hue by sector
Q1 2025

Sector allocation

Share of portfolio value · derived from SEC SIC codes, not licensed GICS data

Segments run in GICS sector order

  • Industrials8.7%
  • Consumer Discretionary47.5%
  • Communication Services14.0%
  • Real Estate29.7%

100.0% of the value that can carry an issuer sector is classified · rule set sic-sector-v2

Sector Allocation Over Time

All available quarters · Share of portfolio value
25 quarters

At least one quarter in this series is too sparsely classified for the shape of the bands to be read as a rotation, so the series is withheld. How sectors are derived

All positions

Sorted by portfolio weight, high to low
UBERUBER TECHNOLOGIES INCCUSIP 90353T100
Consumer Discretionary$2.21B
18.5%
New
Real Estate$2.15B
18.0%
New
QSRRESTAURANT BRANDS INTERNCUSIP 76131D103
Consumer Discretionary$1.53B
12.8%
New
HHHHOWARD HUGHES HOLDINGS INCCUSIP 44267T102
Real Estate$1.40B
11.7%
New
CMGCHIPOTLE MEXICAN GRILL INCCUSIP 169656105
Consumer Discretionary$1.08B
9.1%
New
Industrials$1.04B
8.7%
New
GOOGALPHABET INC-CL CCUSIP 02079K107
Communication Services$0.99B
8.3%
New
GOOGLALPHABET INC-CL ACUSIP 02079K305
Communication Services$0.69B
5.8%
New
Consumer Discretionary$0.68B
5.7%
New
SEGSEAPORT ENTERTAINMENT GROUPCUSIP 812215200
Consumer Discretionary$0.11B
0.9%
New
HTZHERTZ GLOBAL HLDGS INCCUSIP 42806J700
Consumer Discretionary$0.06B
0.5%
Increased
Bill Ackman · Q1 2025 | Solvnode