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 |
Element Solutions
ESI
|
$635M |
| 2 |
AIV
Aimco
AIV
|
$113M |
| 3 |
AGN
ALLERGAN INC
AGN
|
$74.1M |
| 4 |
HME
HOME PROPERTIES, INC
HME
|
$28.5M |
Top Sells
| 1 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
$762M |
| 2 |
GGP
GGP Inc.
GGP
|
$554M |
| 3 |
Procter & Gamble
PG
|
$60.2M |
Sector Composition
| 1 | Materials | 36.77% |
| 2 | Industrials | 30.81% |
| 3 | Consumer Discretionary | 12.16% |
| 4 | Consumer Staples | 11.6% |
| 5 | Real Estate | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Pacific Kansas City
CP
$69.9B
| $2.58B | 30.81% |
17,159,888
| – | – |
|
2
Air Products & Chemicals
APD
$65.5B
| $2.45B | 29.19% |
20,549,076
| – | – |
|
|
BKW
3
DELISTED
BURGER KING WORLDWIDE
BKW
| $1.02B | 12.16% |
38,387,865
| – | – |
|
|
BEAM
4
DELISTED
BEAM INC COM STK (DE)
BEAM
| $972M | 11.6% |
11,668,545
-9,150,000
| -44% | -$762M |
|
|
5
Element Solutions
ESI
$6.21B
| $635M | 7.58% |
+33,333,330
| New | +$635M |
|
6
Howard Hughes
HHH
$4.53B
| $509M | 6.08% |
3,568,017
| – | – |
|
|
AIV
7
Aimco
AIV
$1.11B
| $113M | 1.35% |
+3,749,393
| New | +$113M |
|
|
AGN
8
DELISTED
ALLERGAN INC
AGN
| $74.1M | 0.88% |
+597,431
| New | +$74.1M |
|
|
HME
9
DELISTED
HOME PROPERTIES, INC
HME
| $28.5M | 0.34% |
+473,778
| New | +$28.5M |
|
|
10
Procter & Gamble
PG
$368B
| – | – |
-739,605
| Closed | -$60.2M |
|
|
GGP
11
DELISTED
GGP Inc.
GGP
| – | – |
-27,624,282
| Closed | -$554M |
|