Pershing Square Capital Management portfolio
Investment firmPortfolio as of Mar 31, 2026 (Q1 2026) · filed with the SEC on May 15, 2026 · Q1 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Since Q2 2026 this manager files a 13F-NT notice: its holdings are reported by Pershing Square. This shows its latest 13F with holdings.
Pershing Square Capital Management reported a $13.7 bn portfolio of 10 companies (11 positions, counting each share class separately) to the SEC as of the end of Q1 2026. Its largest positions are BN, AMZN, UBER. During the quarter it opened Microsoft and exited Hilton Worldwide Holdings.
Sections with a free account
What changed this quarter
6 positions with a change (1 new, 1 added to, 3 trimmed, 1 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Microsoft+13.5 ppof portfolioNew— → 15.3%
- Alphabet−12.0 ppof portfolioReduced13.8% → 0.7%
- Hilton Worldwide Holdings−5.6 ppof portfolioSold out5.6% → —
- Amazon.com+19%more sharesIncreased14.3% → 17.4%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- BrookfieldBN17.6%
- Amazon.comAMZN17.4%
- UBER TechnologiesUBER15.7%
- MicrosoftMSFT15.3%
- Restaurant Brands InternationalQSR12.2%
- Meta PlatformsMETA11.1%
- Howard Hughes HoldingsHHH8.7%
- Seaport Entertainment GroupSEG0.8%
- AlphabetGOOG · GOOGL0.7%
- Hertz Global HoldingsHTZ0.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Discretionary 31%
- ● Financials 18%
- ● Industrials 16%
- ● Information Technology 15%
- ● Communication Services 12%
- ● Real Estate 9%
How its portfolio changed (8 quarters)
Q1 2026: 11
Q1 2026: 100%
Q1 2026: 17.0%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q4 2024 ↗filed Feb 14, 2025Omitted positions (confidential)Amendment of Apr 16, 2025 (adds holdings) ↗1 position known later through an amendment, worth $46.5M: they could not be copied when the 13F was published.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jun 3, 2026 (high confidence).
The data, as reported: PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982): 7.B private funds: 3 hedge, 1 other (gross assets $19.4 bn); 5.D assets by client type: pooled vehicles 77%, registered funds 23% (of $25.1 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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