Pershing Square Capital Management’s Brookfield BN Stock Holding History

Pershing Square Capital Management’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 Q2	$2.45B	Sell	57,481,047 -2,216,161	-4%	-$99.1M	12.58%	2
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 $9.8B AUM 0.07% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

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

Brookfield Corp Toronto, Ontario, Canada $77B AUM 10.33% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $199B AUM 37.98% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return

Pershing Square Capital Management's BN Position: Q2 2026 in Review

Pershing Square Capital Management reduced its Brookfield (BN) stake by 3.7% in Q2 2026, selling an estimated $99.1M and leaving 57,481,047 shares worth $2.45B. The position accounts for 12.58% of the portfolio, ranked #2.

Pershing Square Capital Management first reported a position in BN in Q2 2024 and has held it in 9 quarters since. The position peaked at $2.82B in Q4 2025. 940 funds tracked by Wall St. Rank hold BN as of Q2 2026.

Pershing Square Capital Management held 57,481,047 shares of Brookfield worth $2.45B as of Q2 2026.
Pershing Square Capital Management sold 2,216,161 Brookfield shares in Q2 2026, an estimated $99.1M.
Brookfield made up 12.58% of Pershing Square Capital Management's portfolio in Q2 2026, its #2 holding.
Pershing Square Capital Management first reported a position in Brookfield in Q2 2024 and has held it in 9 quarters since.
Pershing Square Capital Management's Brookfield position peaked at $2.82B in Q4 2025.
940 funds tracked by Wall St. Rank held Brookfield as of Q2 2026.

Based on Pershing Square Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.