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 |
Zoetis
ZTS
|
$1.55B |
| 2 |
Restaurant Brands International
QSR
|
$1.48B |
| 3 |
Element Solutions
ESI
|
$218M |
Top Sells
| 1 |
BKW
BURGER KING WORLDWIDE
BKW
|
$1.14B |
| 2 |
AGN
ALLERGAN INC
AGN
|
$477M |
Sector Composition
| 1 | Healthcare | 46.45% |
| 2 | Materials | 24.66% |
| 3 | Industrials | 16.74% |
| 4 | Consumer Discretionary | 9.25% |
| 5 | Real Estate | 2.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
ALLERGAN INC
AGN
| $5.66B | 35.3% |
26,635,978
-2,242,560
| -8% | -$477M |
|
2
Air Products & Chemicals
APD
$65.5B
| $2.96B | 18.47% |
20,549,076
| – | – |
|
3
Canadian Pacific Kansas City
CP
$69.9B
| $2.69B | 16.74% |
13,940,890
| – | – |
|
|
4
Zoetis
ZTS
$69.3B
| $1.79B | 11.15% |
41,569,646
+36,032,784
| +651% | +$1.55B |
|
|
5
Restaurant Brands International
QSR
$20.8B
| $1.48B | 9.25% |
+38,003,984
| New | +$1.48B |
|
|
6
Element Solutions
ESI
$6.21B
| $992M | 6.19% |
42,737,394
+9,404,064
| +28% | +$218M |
|
7
Howard Hughes
HHH
$4.53B
| $465M | 2.9% |
3,568,017
| – | – |
|
|
BKW
8
DELISTED
BURGER KING WORLDWIDE
BKW
| – | – |
-38,387,865
| Closed | -$1.14B |
|