Bill Ackman’s Brookfield BN Stock Holding History

Bill Ackman’s Portfolio BN Stock Details BN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$2.42B	Sell	59,697,208 -1,705,881	-3%	-$75.6M	17.62%	1
2025 Q4	$2.82B	Sell	61,403,089 -127,258	-0.2%	-$5.8M	18.15%	1
2025 Q3	$2.81B	Sell	61,530,347 -210,249	-0.3%	-$9.32M	19.21%	2
2025 Q2	$2.55B	Buy	61,740,596 +233,610	+0.4%	+$8.66M	18.54%	2
2025 Q1	$2.15B	Buy	61,506,986 +9,167,390	+18%	+$347M	18.01%	2
2024 Q4	$2B	Buy	52,339,596 +3,235,771	+7%	+$122M	15.83%	1
2024 Q3	$1.74B	Buy	49,103,825 +38,822,060	+378%	+$1.23B	13.47%	1
2024 Q2	$285M	Buy	+10,281,765	New	+$286M	2.73%	8

Other funds holding BN

PVI

Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Brookfield Corp Toronto, Ontario, Canada $74.2B AUM 0.68% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

Bill Ackman's BN Position: Q1 2026 in Review

Bill Ackman reduced its Brookfield (BN) stake by 2.8% in Q1 2026, selling an estimated $75.6M and leaving 59,697,208 shares worth $2.42B. The position accounts for 17.62% of the portfolio, ranked #1.

Bill Ackman first reported a position in BN in Q2 2024 and has held it in 8 quarters since. The position peaked at $2.82B in Q4 2025. 915 funds tracked by Wall St. Rank hold BN as of Q1 2026.

Bill Ackman held 59,697,208 shares of Brookfield worth $2.42B as of Q1 2026.
Bill Ackman sold 1,705,881 Brookfield shares in Q1 2026, an estimated $75.6M.
Brookfield made up 17.62% of Bill Ackman's portfolio in Q1 2026, its #1 holding.
Bill Ackman first reported a position in Brookfield in Q2 2024 and has held it in 8 quarters since.
Bill Ackman's Brookfield position peaked at $2.82B in Q4 2025.
915 funds tracked by Wall St. Rank held Brookfield as of Q1 2026.

Based on Pershing Square Capital Management's 13F filing for Q1 2026, filed 15 May 2026.