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Bill Ackman portfolio · Pershing Square 13F holdings
Pershing Square Capital Management
Founder & CEO · concentrated activist investor
Disclosed-holdings index since Q3 2021
+53.5%
S&P +71.0% · trailed by 17.6%
Holdings
11
in Q1 2026
Q1 2026 value
$13.71B
latest disclosed
Pershing Square Capital Management's latest 13F filing (Q1 2026, filed May 15, 2026) discloses 11 U.S.-listed positions worth $13.7B. The largest position is BN.
Pershing Square Capital Management disclosed-holdings performance vs the S&P 500
Hypothetical price-return of Ackman's disclosed holdings, equal-exposure-capped at 30% per position, indexed to 0% at the first filing in view, vs the S&P 500. Not their actual return (excludes trade timing, position sizing, fees, dividends, and cash).
Bill Ackman portfolio allocation
- BNBROOKFIELD CORP17.6%
- AMZNAmazon.com Inc17.4%
- UBERUBER TECHNOLOGIES INC15.7%
- MSFTMicrosoft Corp15.3%
- QSRRESTAURANT BRANDS INTERN12.2%
- METAMeta Platforms Inc11.1%
- HHHHOWARD HUGHES HOLDINGS INC8.7%
- Other4 smaller positions2.0%
What this view can't show you
- 45-day disclosure lag: positions are reported up to 45 days after each quarter ends; the manager may have rotated by the time you see them.
- Long-only disclosure: short positions are not reported. Puts are shown at notional, not the premium paid.
- Options excluded from the % line: the performance line tracks the disclosed stock holdings only; puts and calls are left out. Long calls still count toward the portfolio-value figure and the allocation donut; put notional is excluded from both.
- Disclosed value ≠ performance: growth in disclosed value reflects market moves, new investor capital, and new buys; it is not pure returns.
- Index caps each position at 30%: the performance line holds no single name above 30% (the rest as cash), so one outsized pick can’t dominate the return. The allocation donut shows the true disclosed weight, which may be higher.
Bill Ackman's biggest wins & losses
Wins
- +225%GOOGAlphabet Inc Cl CBought ~$106.37 →Now $346.12
- +93.9%GOOGLAlphabet Inc Cl ABought ~$178.81 →Now $346.77
- +27.4%BNBROOKFIELD CORPBought ~$34.24 →Now $43.63
- +16.8%QSRRESTAURANT BRANDS INTERNBought ~$64.24 →Now $75.01
- +11.7%AMZNAmazon.com IncBought ~$221.38 →Now $247.23
Losses
- -54.8%HTZHERTZ GLOBAL HLDGS INCBought ~$3.99 →Now $1.80
- -4.5%SEGSEAPORT ENTERTAINMENT GROUPBought ~$27.73 →Now $26.48
- -2.1%METAMeta Platforms IncBought ~$660.09 →Now $646.01
- -2.1%HHHHOWARD HUGHES HOLDINGS INCBought ~$71.85 →Now $70.32
- -0.5%UBERUBER TECHNOLOGIES INCBought ~$72.86 →Now $72.46
Avg buy price is estimated from the share-change history across 13F filings (quarter-end closes, split-adjusted), not the actual fill. Current is the latest close.
Bill Ackman portfolio holdings
Q1 2026 · 11 holdings
| TICKER | ISSUER | VALUE | WEIGHT | Quarter Change | DISCLOSED |
|---|---|---|---|---|---|
BN | BROOKFIELD CORP | $2.42B | 17.6% | 0.5% | Disclosed May 15, 2026 |
AMZN | Amazon.com Inc | $2.39B | 17.4% | 3.1% | Disclosed May 15, 2026 |
UBER | UBER TECHNOLOGIES INC | $2.15B | 15.7% | 0.2% | Disclosed May 15, 2026 |
MSFT | Microsoft Corp | $2.09B | 15.3% | — | Disclosed May 15, 2026 |
QSR | RESTAURANT BRANDS INTERN | $1.67B | 12.2% | 2.2% | Disclosed May 15, 2026 |
META | Meta Platforms Inc | $1.52B | 11.1% | 0.3% | Disclosed May 15, 2026 |
HHH | HOWARD HUGHES HOLDINGS INC | $1.19B | 8.7% | 1.0% | Disclosed May 15, 2026 |
SEG | SEAPORT ENTERTAINMENT GROUP | $107.91M | 0.8% | 0.1% | Disclosed May 15, 2026 |
GOOG | Alphabet Inc Cl C | $89.42M | 0.7% | 11.8% | Disclosed May 15, 2026 |
HTZ | HERTZ GLOBAL HLDGS INC | $70.26M | 0.5% | 0.0% | Disclosed May 15, 2026 |
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Latest Pershing Square Capital Management 13F filings
- May 15, 202613F-HR · Q1 202611 holdings Source
- Feb 17, 202613F-HR · Q4 202511 holdings Source
- Nov 14, 202513F-HR · Q3 202511 holdings Source
- Aug 14, 202513F-HR · Q2 202511 holdings Source
- May 15, 202513F-HR · Q1 202511 holdings Source
- Feb 14, 202513F-HR · Q4 202410 holdings Source
- Nov 14, 202413F-HR · Q3 202411 holdings Source
- Aug 14, 202413F-HR · Q2 20249 holdings Source
Frequently asked questions
- What stocks does Bill Ackman own?
- Pershing Square's Q1 2026 13F discloses 11 positions; the largest are BN, AMZN, and UBER. Form 13F covers U.S.-listed long positions only, so cash and any short exposure do not appear.
- How concentrated is Bill Ackman's portfolio?
- Highly concentrated by design: the Q1 2026 filing lists 11 positions, with the largest (BN) at 17.6% of the reported book.
- Where does this portfolio data come from?
- This data is sourced from SEC 13F-HR filings submitted to EDGAR. Fund managers with over $100 million in qualifying assets are required to disclose their long equity positions within 45 days of each quarter end.
- How often is this portfolio updated?
- Quarterly. Each 13F-HR filing covers one quarter-end snapshot and is due to the SEC within 45 days after the quarter closes (e.g., by May 15 for Q1). Tracefour updates automatically when a new filing appears on EDGAR.
- Does this show all of the manager's positions?
- 13F filings cover U.S.-listed equities, options, and convertibles valued above $10,000, long positions only. They do not include short positions, foreign-listed securities, private equity, bonds, cash, or futures.
- Is this data free?
- Yes. All data is sourced from public SEC EDGAR filings. There is no subscription or paywall on Tracefour.
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