Bill Ackman portfolio: stocks, buys and sells →
Pershing Square: full 13F, sectors and history
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 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.
This group brings together: Pershing Square Capital Management, Pershing Square. In Q2 2026 its positions moved from one filer to another: that quarter's changes and turnover are measured on the group's total.
Pershing Square reported a $19.5 bn portfolio of 14 positions to the SEC as of the end of Q2 2026. Its largest positions are UBER, BN, MSFT. During the quarter it opened Visa and Mastercard and exited Alphabet.
Sections with a free account
What changed this quarter
13 positions with a change (4 new, 4 added to, 3 trimmed, 2 sold); also, 1 entered through an IPO. 10 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedPershing Square USAPSUS0.8% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Visa+5.8 ppof portfolioNew— → 5.8%
- Mastercard+5.6 ppof portfolioNew— → 5.6%
- S&P Global+5.4 ppof portfolioNew— → 5.4%
- Netflix+4.8 ppof portfolioNew— → 4.8%
- Amazon.com−25%fewer sharesReduced16.7% → 10.5%
- Uber Technologies+15%more sharesIncreased15.1% → 12.7%
- Meta Platforms+20%more sharesIncreased10.7% → 9.2%
- Restaurant Brands International+14%more sharesIncreased11.7% → 9.6%
- Microsoft+9.8%more sharesIncreased14.7% → 11.9%
- Alphabet−0.7 ppof portfolioSold out0.7% → —
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
- UBER TechnologiesUBER12.7%
- BrookfieldBN12.6%
- MicrosoftMSFT11.9%
- Amazon.comAMZN10.5%
- Howard Hughes HoldingsHHH10.2%
- Restaurant Brands InternationalQSR9.6%
- Meta PlatformsMETA9.2%
- VisaV5.8%
- MastercardMA5.6%
- S&P GlobalSPGI5.4%
- NetflixNFLX4.8%
- Pershing Square USAPSUS0.8%
- Seaport Entertainment GroupSEG0.7%
- Hertz Global HoldingsHTZ0.2%
“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
- ● Financials 29%
- ● Consumer Discretionary 21%
- ● Communication Services 14%
- ● Industrials 13%
- ● Information Technology 12%
- ● Real Estate 10%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 14
Q2 2026: 94%
Q2 2026: 16.2%
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.
- Von Storch FlossbachInvestment firm · $19.7 bn
- Baker Bros. AdvisorsInvestment firm · $19.9 bn
- Darsana Capital PartnersInvestment firm · $22.3 bn
- Lone Pine CapitalInvestment firm · $16.4 bn
- Davis Selected AdvisersInvestment firm · $23.3 bn
- Tiger Global ManagementInvestment firm · $24.0 bn