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Bill Ackman

Bill Ackman Pershing Square Capital Management

AUM $13.7B
1-Year Est. Return 13.45%
 

Bill Ackman is the founder and CEO of Pershing Square Capital Management, a New York–based hedge fund. He employs an activist investing approach, seeking to influence the management and direction of the publicly traded companies in which he invests. Frequently in the public eye, Ackman has been noted for both high-profile successes and controversies, such as his well-known short position in Herbalife.

This Fund
S&P 500
This Quarter Est. Return
+10.36%
1 Year Est. Return
+13.45%
3 Year Est. Return
+64.66%
5 Year Est. Return
+90.44%
10 Year Est. Return
+446.13%
AUM
$14.6B
AUM Growth
+$914M
Cap. Flow
-$127M
Cap. Flow %
-0.86%
Top 10 Hldgs %
99.29%
Holding
11
New
–
Increased
–
Reduced
4
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$109M
2
BN icon
Brookfield
BN
+$9.32M
3
QSR icon
Restaurant Brands International
QSR
+$5.62M
4
UBER icon
Uber
UBER
+$2.87M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 29.9%
2 Technology 20.25%
3 Financials 19.21%
4 Communication Services 18.56%
5 Real Estate 11.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
1
Uber
UBER
$160B
$2.97B 20.25%
30,270,518
-30,643
-0.1% -$2.87M
BN icon
2
Brookfield
BN
$110B
$2.81B 19.21%
61,530,347
-210,249
-0.3% -$9.32M
HHH icon
3
Howard Hughes
HHH
$4B
$1.55B 10.58%
18,852,064
– –
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.19T
$1.54B 10.52%
6,324,031
– –
QSR icon
5
Restaurant Brands International
QSR
$25.6B
$1.47B 10.04%
22,915,496
-85,418
-0.4% -$5.62M
AMZN icon
6
Amazon
AMZN
$2.94T
$1.28B 8.73%
5,823,316
– –
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.2T
$1.18B 8.04%
4,843,973
-519,007
-10% -$109M
CMG icon
8
Chipotle Mexican Grill
CMG
$40.5B
$844M 5.77%
21,541,177
– –
HLT icon
9
Hilton Worldwide
HLT
$70.8B
$786M 5.37%
3,030,578
– –
SEG
10
Seaport Entertainment Group
SEG
$374M
$115M 0.79%
5,023,780
– –
HTZ icon
11
Hertz
HTZ
$873M
$104M 0.71%
15,241,127
– –

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Bill Ackman's Q3 2025 Portfolio in Review

As of Q3 2025, Bill Ackman held 11 positions worth $14.6B, up 6.7% from $13.7B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Trading was light in Q3 2025: portfolio turnover was 0%. Bill Ackman opened no new positions and made no exits, leaving the 11-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 35% a quarter earlier, followed by Technology and Financials.

  • Bill Ackman's biggest Q3 2025 reduction was Alphabet (Google) Class A, cutting an estimated $109M.
  • Bill Ackman's ten largest holdings make up 99% of its $14.6B portfolio in Q3 2025.
  • Bill Ackman opened 0 new positions and closed 0 in Q3 2025.
  • Bill Ackman's portfolio value rose 6.7% quarter-over-quarter to $14.6B.

Based on Pershing Square Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.