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 |
Bausch Health
BHC
|
$3.87B |
| 2 |
AGN
Allergan plc
AGN
|
$401M |
| 3 |
Zoetis
ZTS
|
$11.7M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$5.66B |
Sector Composition
| 1 | Healthcare | 41.45% |
| 2 | Materials | 28.09% |
| 3 | Industrials | 17.01% |
| 4 | Consumer Discretionary | 9.75% |
| 5 | Real Estate | 3.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bausch Health
BHC
$2.74B
| $3.87B | 25.84% |
+19,473,933
| New | +$3.87B |
|
2
Air Products & Chemicals
APD
$65.5B
| $3.11B | 20.77% |
20,549,076
| – | – |
|
3
Canadian Pacific Kansas City
CP
$69.9B
| $2.55B | 17.01% |
13,940,890
| – | – |
|
|
4
Zoetis
ZTS
$69.3B
| $1.94B | 12.93% |
41,823,145
+253,499
| +0.6% | +$11.7M |
|
5
Restaurant Brands International
QSR
$20.8B
| $1.46B | 9.75% |
38,003,984
| – | – |
|
6
Element Solutions
ESI
$6.21B
| $1.1B | 7.33% |
42,737,394
| – | – |
|
7
Howard Hughes
HHH
$4.53B
| $553M | 3.69% |
3,568,017
| – | – |
|
|
AGN
8
DELISTED
Allergan plc
AGN
| $401M | 2.68% |
+1,348,358
| New | +$401M |
|
|
AGN
9
DELISTED
ALLERGAN INC
AGN
| – | – |
-26,635,978
| Closed | -$5.66B |
|