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Bill Ackman

Pershing Square Capital · Activist / concentrated

Sign in to save13F data may be delayed up to 45 days
Latest filingQ4 2025· filed Feb 17, 2026· report period Dec 31, 2025
View on SEC EDGAR ↗
For educational research only.InvestorLens shows public SEC filings that may be delayed by up to 45 days. Nothing on this site is financial advice or a recommendation to buy or sell any security. Always do your own research.

About

Founder and CEO of Pershing Square Capital Management. Activist investor known for concentrated positions.

AI summaryPlain-English placeholder · not financial advice

In their Q4 2025 13F filing, Pershing Square Capital (Bill Ackman) opened new positions in 02079K107, 02079K305, 11271J107, 23135106 and 30303M102 (+6 more). These movements are based on public regulatory filings and may indicate portfolio rebalancing, profit-taking, or risk management — not necessarily a directional view on the underlying companies. Because 13F filings are delayed by up to 45 days, this should not be treated as real-time investment advice. Always do your own research.

Top 10 holdings

  1. 1.
    BN
    BROOKFIELD CORP
    $2.8T
    33.0%
  2. 2.
    UBER
    UBER TECHNOLOGIES INC
    $2.5T
    28.9%
  3. 3.
    Ticker unavailableCUSIP 76131D103
    RESTAURANT BRANDS INTL INC
    $1.6T
    18.3%
  4. 4.
    HHH
    HOWARD HUGHES HOLDINGS INC
    $1.5T
    17.6%
  5. 5.
    Ticker unavailableCUSIP 812215200
    SEAPORT ENTMT GROUP INC
    $99.3B
    1.2%
  6. 6.
    HTZ
    HERTZ GLOBAL HLDGS INC
    $78.3B
    0.9%
  7. 7.
    AMZN
    AMAZON COM INC
    $2.2B
    0.0%
  8. 8.
    GOOGL
    ALPHABET INC
    $1.9B
    0.0%
  9. 9.
    META
    META PLATFORMS INC
    $1.8B
    0.0%
  10. 10.
    HLT
    HILTON WORLDWIDE HLDGS INC
    $870M
    0.0%

New positions

Increased

No increased positions.

Reduced

No reduced positions.

Sold out

No exited positions.

Current holdings

Portfolio total: $15.5B

TickerCompanySharesMarket valuePortfolio %Δ SharesStatus
BNBROOKFIELD CORP61.4M$2.8T33.02%—New
UBERUBER TECHNOLOGIES INC30.2M$2.5T28.92%—New
Ticker unavailableCUSIP 76131D103RESTAURANT BRANDS INTL INC22.9M$1.6T18.28%—New
HHHHOWARD HUGHES HOLDINGS INC18.9M$1.5T17.62%—New
Ticker unavailableCUSIP 812215200SEAPORT ENTMT GROUP INC5M$99.3B1.16%—New
HTZHERTZ GLOBAL HLDGS INC15.2M$78.3B0.92%—New
AMZNAMAZON COM INC9.6M$2.2B0.03%—New
GOOGLALPHABET INC6.2M$1.9B0.02%—New
METAMETA PLATFORMS INC2.7M$1.8B0.02%—New
HLTHILTON WORLDWIDE HLDGS INC3M$870M0.01%—New
GOOGLALPHABET INC678.3K$212.3M0.00%—New

Sector breakdown

  • Unclassified100.0%

Filing history