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
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zoetis
ZTS
|
+$190M |
| 2 |
Canadian Pacific Kansas City
CP
|
+$507K |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 39.85% |
| 2 | Materials | 26.14% |
| 3 | Industrials | 21.54% |
| 4 | Consumer Discretionary | 8.48% |
| 5 | Real Estate | 3.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan Inc
AGN
| $5.15B | 38.33% |
28,878,538
| – | – |
|
|
2
Canadian Pacific Kansas City
CP
$82B
| $2.89B | 21.54% |
69,704,450
+12,940
| +0% | +$507K |
|
3
Air Products & Chemicals
APD
$66.3B
| $2.68B | 19.93% |
22,213,551
| – | – |
|
|
BKW
4
DELISTED
BURGER KING WORLDWIDE
BKW
| $1.14B | 8.48% |
38,387,865
| – | – |
|
5
Element Solutions
ESI
$9.12B
| $834M | 6.21% |
33,333,330
| – | – |
|
6
Howard Hughes
HHH
$3.93B
| $535M | 3.99% |
3,742,850
| – | – |
|
|
7
Zoetis
ZTS
$31.6B
| $205M | 1.52% |
+5,536,862
| New | +$190M |
|
Similar funds
Pershing Square Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Pershing Square Capital Management held 7 positions worth $13.4B, up 6.6% from $12.6B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Pershing Square Capital Management's Q3 2014 filing shows 1 new and 1 increased positions. Its largest new stake was Zoetis: 5,536,862 shares worth $205M.
By sector, the portfolio is most concentrated in Healthcare at 40% of assets, up from 39% a quarter earlier, followed by Materials and Industrials.
- Pershing Square Capital Management's largest Q3 2014 buy was Zoetis: 5,536,862 shares worth $205M.
- Pershing Square Capital Management added most to Canadian Pacific Kansas City in Q3 2014, an estimated $507K increase.
- Pershing Square Capital Management's ten largest holdings make up 100% of its $13.4B portfolio in Q3 2014.
- Pershing Square Capital Management opened 1 new position and closed 0 in Q3 2014.
- Pershing Square Capital Management's portfolio value rose 6.6% quarter-over-quarter to $13.4B.
Based on Pershing Square Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.