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 |
AGN
ALLERGAN INC
AGN
|
$4.79B |
Top Sells
| 1 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
$972M |
| 2 |
Canadian Pacific Kansas City
CP
|
$584M |
| 3 |
AIV
Aimco
AIV
|
$113M |
| 4 |
HME
HOME PROPERTIES, INC
HME
|
$28.5M |
Sector Composition
| 1 | Healthcare | 38.79% |
| 2 | Materials | 28.4% |
| 3 | Industrials | 20.04% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Real Estate | 4.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
ALLERGAN INC
AGN
| $4.89B | 38.79% | 28,878,538 +28,281,107 | +4,734% | +$4.79B |
|
2
Air Products & Chemicals
APD
$65.5B
| $2.64B | 20.98% | 20,549,076 | – | – |
|
|
3
Canadian Pacific Kansas City
CP
$69.9B
| $2.52B | 20.04% | 13,938,302 -3,221,586 | -19% | -$584M |
|
|
BKW
4
DELISTED
BURGER KING WORLDWIDE
BKW
| $1.04B | 8.3% | 38,387,865 | – | – |
|
5
Element Solutions
ESI
$6.21B
| $934M | 7.42% | 33,333,330 | – | – |
|
6
Howard Hughes
HHH
$4.53B
| $563M | 4.47% | 3,568,017 | – | – |
|
|
AIV
7
Aimco
AIV
$1.11B
| – | – | -3,749,393 | Closed | -$113M |
|
|
HME
8
DELISTED
HOME PROPERTIES, INC
HME
| – | – | -473,778 | Closed | -$28.5M |
|
|
BEAM
9
DELISTED
BEAM INC COM STK (DE)
BEAM
| – | – | -11,668,545 | Closed | -$972M |
|