Pershing Square
Bill AckmanNEW YORK, NYfiles as PERSHING SQUARE INC.
$19.5bn in 14 US stocks at the end of 30 June 2026. The top 10 are 93.6% of the money. It changed about 89.8% of the portfolio this quarter.
Value
$19.5bn
Stocks
14
Top 10 share
93.6%
Turnover
89.8%
What changed this quarter
New
Bought for the first time this quarter.
- Uber TechnologiesUBER12.7% of the fund
- BrookfieldBN12.6% of the fund
- MicrosoftMSFT11.9% of the fund
- Amazon.comAMZN10.5% of the fund
- Restaurant Brands InternationalQSR9.6% of the fund
- Meta PlatformsMETA9.2% of the fund
- VisaV5.8% of the fund
- MastercardMA5.6% of the fund
- S&P GlobalSPGI5.4% of the fund
- NetflixNFLX4.8% of the fund
- Pershing Square USAPSUS0.8% of the fund
- Seaport Entertainment GroupSEG0.7% of the fund
- Hertz Global HoldingsHTZ0.2% of the fund
Added
Bought more of a stock they already held.
- Howard Hughes HoldingsHHH10.2% of the fund+209%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- BrookfieldBN
- Share
- 12.6%
- Value
- $2.4bn
- Shares
- 57,481,047
New
- Pershing Square USAPSUS
- Share
- 0.8%
- Value
- $150m
- Shares
- 4,000,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Uber TechnologiesUBER | 12.7% | $2.5bn | 34,326,200 | New |
| BrookfieldBN | 12.6% | $2.4bn | 57,481,047 | New |
| MicrosoftMSFT | 11.9% | $2.3bn | 6,206,730 | New |
| Amazon.comAMZN | 10.5% | $2.0bn | 8,563,857 | New |
| Howard Hughes HoldingsHHH | 10.2% | $2.0bn | 27,852,064 | +209% |
| Restaurant Brands InternationalQSR | 9.6% | $1.9bn | 25,821,284 | New |
| Meta PlatformsMETA | 9.2% | $1.8bn | 3,196,062 | New |
| VisaV | 5.8% | $1.1bn | 3,270,470 | New |
| MastercardMA | 5.6% | $1.1bn | 2,124,646 | New |
| S&P GlobalSPGI | 5.4% | $1.1bn | 2,593,155 | New |
| NetflixNFLX | 4.8% | $934m | 13,081,465 | New |
| Pershing Square USAPSUS | 0.8% | $150m | 4,000,000 | New |
| Seaport Entertainment GroupSEG | 0.7% | $134m | 5,023,780 | New |
| Hertz Global HoldingsHTZ | 0.2% | $34m | 14,991,599 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3104.2% since 30 June 2025.
Where the money is
Real estate22.8%
Retail & consumer21.0%
Financial services16.8%
Media & telecom14.0%
Industrials12.7%
Technology11.9%
Other0.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.