Pershing Square Capital Management Portfolio holdings
Pershing Square Capital Management, L.P., founded in 2004 by Bill Ackman and headquartered in New York City, is a prominent American hedge fund known for its concentrated, activist investment approach, managing over $18 billion in assets as of recent years. Starting with $54 million from Ackman’s personal funds and a seed investment from Leucadia National, the firm focuses on acquiring significant stakes in a small portfolio of large-cap North American companies, often pushing for operational and governance changes to unlock shareholder value, as seen in high-profile campaigns targeting Wendy’s, McDonald’s, and Herbalife. In 2014, Ackman launched Pershing Square Holdings, a closed-end fund listed on Euronext Amsterdam and the London Stock Exchange, raising $3 billion in its IPO, providing a permanent capital base to support its long-term strategies. Renowned for bold moves—like a $2.6 billion profit betting on a market crash in 2020—and a research-intensive, value-driven philosophy, Pershing Square has solidified its reputation as a formidable player in the investment world under Ackman’s leadership.
Top Buys
| 1 |
Air Products & Chemicals
APD
|
$1.11B |
Top Sells
| 1 |
JCP
J.C. Penney Company, Inc.
JCP
|
$667M |
| 2 |
GGP
GGP Inc.
GGP
|
$619M |
| 3 |
Procter & Gamble
PG
|
$515M |
| 4 |
Canadian Pacific Kansas City
CP
|
$128M |
| 5 |
Matsons
MATX
|
$5.07M |
Sector Composition
| 1 | Industrials | 34% |
| 2 | Materials | 26.11% |
| 3 | Consumer Staples | 17.96% |
| 4 | Real Estate | 12.99% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Canadian Pacific Kansas City
CP
$69.9B
| $2.85B | 27.75% | 23,125,192 -1,034,696 | -4% | -$128M |
|
|
2
Air Products & Chemicals
APD
$65.5B
| $2.19B | 21.31% | 20,545,284 +10,449,576 | +104% | +$1.11B |
|
|
BEAM
3
DELISTED
BEAM INC COM STK (DE)
BEAM
| $1.35B | 13.1% | 20,818,545 | – | – |
|
|
BKW
4
DELISTED
BURGER KING WORLDWIDE
BKW
| $749M | 7.29% | 38,372,120 | – | – |
|
|
GGP
5
DELISTED
GGP Inc.
GGP
| $688M | 6.7% | 35,681,182 -32,107,975 | -47% | -$619M |
|
6
Howard Hughes
HHH
$4.53B
| $401M | 3.9% | 3,568,017 | – | – |
|
|
7
Procter & Gamble
PG
$368B
| $161M | 1.56% | 2,123,893 -6,816,240 | -76% | -$515M |
|
|
8
Matsons
MATX
$3.31B
| – | – | -202,913 | Closed | -$5.07M |
|
|
JCP
9
DELISTED
J.C. Penney Company, Inc.
JCP
| – | – | -39,075,771 | Closed | -$667M |
|