BA
Bill Ackman
Pershing Square Capital Management
Founder & CEO · concentrated activist investor
Disclosed-holdings index since Q2 2021
+65.6%
S&P +79.3% · trailed by 13.7%
Holdings
11
in Q1 2026
Q1 2026 value
$13.71B
latest disclosed
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).
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 reported at notional — put / call positions are valued at strike × contracts × 100, not the cash actually at risk.
- 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.
Biggest wins & losses
Wins
- +247%GOOGAlphabet Inc Cl CBought ~$106.37 →Now $368.97
- +108%GOOGLAlphabet Inc Cl ABought ~$178.81 →Now $372.55
- +31.2%BNBROOKFIELD CORPBought ~$34.24 →Now $44.92
- +29.1%HTZHERTZ GLOBAL HLDGS INCBought ~$3.99 →Now $5.14
- +15.2%MSFTMicrosoft CorpBought ~$370.17 →Now $426.60
Losses
- -13.4%SEGSEAPORT ENTERTAINMENT GROUPBought ~$27.73 →Now $24.01
- -9.1%HHHHOWARD HUGHES HOLDINGS INCBought ~$71.85 →Now $65.33
- -4.7%METAMeta Platforms IncBought ~$660.09 →Now $629.04
- -1.2%UBERUBER TECHNOLOGIES INCBought ~$72.86 →Now $72.02
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.
Positions
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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