Great investors · Bill Ackman · Q2 2026
What Bill Ackman bought and sold in Q2 2026
Pershing Square 13F portfolio as of Jun 30, 2026: 14 positions worth $19.5 bn. Largest: UBER, BN, MSFT, AMZN. Filed with the SEC on Aug 14, 2026.
The 13F is filed by Pershing Square, not by Bill Ackman personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2026
- NewVisaV+5.8 pp
- NewMastercardMA+5.6 pp
- NewS&P GlobalSPGI+5.4 pp
- NewNetflixNFLX+4.8 pp
- IncreasedUBER TechnologiesUBER+1.6 pp
- IncreasedMeta PlatformsMETA+1.5 pp
- IncreasedRestaurant Brands InternationalQSR+1.2 pp
- IncreasedMicrosoftMSFT+1.1 pp
- NewPershing Square USAPSUS+0.8 pp
Sells in Q2 2026
- ReducedAmazon.comAMZN−3.5 pp
- Sold outAlphabetGOOG−0.6 pp
9 companies with material moves, out of 13 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Pershing Square's Q2 2026 13F lists 14 lines of US-listed securities worth $19.5 bn; the largest is UBER at 12.7% of the portfolio. It was accepted by the SEC on Aug 14, 2026 at 4:27 PM ET.
Against the previous quarter, it opened 5 positions (V, MA, SPGI and NFLX and 1 more), closed 2 (GOOG and GOOGL), added to 4 (META, UBER, QSR and MSFT) and trimmed 2 (AMZN and BN). 3 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | UBER Technologies UBER | 34.3 M | $2.5 bn | 12.7% | +15% |
| 2 | Brookfield BN | 57.5 M | $2.4 bn | 12.6% | −3.7% |
| 3 | Microsoft MSFT | 6.2 M | $2.3 bn | 11.9% | +9.8% |
| 4 | Amazon.com AMZN | 8.6 M | $2.0 bn | 10.5% | −25% |
| 5 | Howard Hughes Holdings HHH | 27.9 M | $2.0 bn | 10.2% | no change |
| 6 | Restaurant Brands International QSR | 25.8 M | $1.9 bn | 9.62% | +14% |
| 7 | Meta Platforms META | 3.2 M | $1.8 bn | 9.25% | +20% |
| 8 | Visa V | 3.3 M | $1.1 bn | 5.76% | new |
| 9 | Mastercard MA | 2.1 M | $1.1 bn | 5.61% | new |
| 10 | S&P Global SPGI | 2.6 M | $1.1 bn | 5.43% | new |
| 11 | Netflix NFLX | 13.1 M | $934M | 4.80% | new |
| 12 | Pershing Square USA PSUS | 4.0 M | $150M | 0.77% | new |
| 13 | Seaport Entertainment Group SEG | 5.0 M | $134M | 0.69% | no change |
| 14 | Hertz Global Holdings HTZ | 15.0 M | $34.0M | 0.17% | no change |
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Pershing Square's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.