Bill Ackman

Pershing Square Inc.

as of Mar 31, 2025 · filed May 15, 2025 · 45-day reporting lag · historical report

Source filings

13F-HR 0001172661-25-002315

QuarterCompare any two quarters

Portfolio value$11.9B -5.8% vs. previous quarter

Positions101 new · 0 sold

Top 575.1%largest UBER at 18.5%

Largest moveUBERNew · 18.5% 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.

13%held throughout

QSR26

HLT24

CMG23

GOOG13

GOOGL13

Top 3 moves

UBER+18.5%

HLT−4.9%

GOOG−3.3%

1 new position and no positions sold; the largest portfolio-weight shift was UBER entering at 18.5%.

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 Q1 2025

UBERNEWUBER TECHNOLOGIES INCConsumer Discretionary	18.5%+18.5%	New	30,301,161	$72.86	$2.21B
BNBROOKFIELD CORPReal Estate	18.0%+2.2%	Increased117.5%	41,004,657	$52.41	$2.15B
GOOGALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	14.0%-3.3%	Increased	GOOG6,324,031GOOGL4,437,980	GOOG$156.23GOOGL$154.64	$1.67B
QSRRESTAURANT BRANDS INTERNConsumer Discretionary	12.8%+1.0%	Increased100.0%	23,000,914	$66.64	$1.53B
HHHHOWARD HUGHES HOLDINGS INCReal Estate	11.7%+0.3%	Increased100.0%	18,852,064	$74.08	$1.40B
CMGCHIPOTLE MEXICAN GRILL INCConsumer Discretionary	9.1%-2.7%	Increased87.4%	21,541,177	$50.21	$1.08B
CPCANADIAN PACIFIC KANSAS CITYIndustrials	8.7%+0.2%	Increased99.5%	14,799,796	$70.21	$1.04B
HLTHILTON WORLDWIDE HOLDINGS INConsumer Discretionary	5.7%-4.9%	Increased55.2%	3,000,770	$227.55	$682.8M
SEGSEAPORT ENTERTAINMENT GROUPConsumer Discretionary	0.9%-0.2%	Increased100.0%	5,023,780	$21.47	$107.9M
HTZHERTZ GLOBAL HLDGS INCConsumer Discretionary	0.5%+0.1%	Increased18.0%	15,000,000	$3.94	$59.1M