Bill Ackman - Pershing Square Capital Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    11
Portfolio value:    $13,714,299,861
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
BN - Brookfield Corp. 17.62 Reduce 2.78% 59,697,208 $34.24 $2,415,946,008 $43.36 26.62% $37.87 $49.40
AMZN - Amazon.com, Inc. 17.39 Add 19.19% 11,451,981 $221.38 $2,385,104,083 $247.31 11.71% $196.00 $278.56
UBER - Uber Technologies, Inc. 15.71 Reduce 0.82% 29,958,771 $72.86 $2,154,934,398 $74.26 1.92% $67.19 $101.99
MSFT - Microsoft Corp. 15.26 Buy 5,654,078 $370.17 $2,092,970,053 $390.99 5.62% $349.20 $551.05
QSR - Restaurant Brands International Inc. 12.20 Reduce 0.97% 22,645,483 $45.54 $1,673,501,194 $75.57 65.93% $59.14 $81.22
META - Meta Platforms, Inc. 11.10 Reduce 0.48% 2,660,861 $660.09 $1,522,358,404 $656.73 -0.51% $519.78 $793.65
HHH - Howard Hughes Holdings Inc. 8.70 18,852,064 $71.85 $1,192,581,569 $71.67 -0.25% $61.01 $91.07
SEG - Seaport Entertainment Group Inc. 0.79 5,023,780 $27.73 $107,910,794 $25.62 -7.61% $17.74 $28.34
GOOG - Alphabet Inc. 0.65 Reduce 94.94% 311,726 $106.37 $89,421,720 $350.67 229.68% $180.20 $404.23
HTZ - Hertz Global Holdings, Inc. 0.51 15,241,127 $3.99 $70,261,595 $1.83 -54.09% $1.93 $8.35
GOOGL - Alphabet Inc. 0.07 Reduce 95.23% 32,376 $130.57 $9,310,043 $352.51 169.98% $175.98 $408.37
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Technology 30.97
Consumer Cyclical 29.59
Financial Services 17.62
Communication Services 11.82
Real Estate 9.48
Industrials 0.51