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 |
Nomad Foods
NOMD
|
$300M |
| 2 |
Bausch Health
BHC
|
$132M |
| 3 |
Restaurant Brands International
QSR
|
$44.5M |
Top Sells
| 1 |
Air Products & Chemicals
APD
|
$1.87B |
| 2 |
Mondelez International
MDLZ
|
$819M |
Sector Composition
| 1 | Healthcare | 27.36% |
| 2 | Industrials | 20.89% |
| 3 | Consumer Discretionary | 17.17% |
| 4 | Materials | 16.52% |
| 5 | Consumer Staples | 13.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Zoetis
ZTS
$69.3B
| $1.85B | 20.94% | 41,823,145 | – | – |
|
2
Canadian Pacific Kansas City
CP
$69.9B
| $1.85B | 20.89% | 13,940,890 | – | – |
|
|
3
Restaurant Brands International
QSR
$20.8B
| $1.52B | 17.17% | 39,150,551 +1,146,567 | +3% | +$44.5M |
|
|
4
Air Products & Chemicals
APD
$65.5B
| $1.09B | 12.37% | 7,601,140 -12,947,936 | -63% | -$1.87B |
|
|
5
Mondelez International
MDLZ
$79.5B
| $920M | 10.4% | 22,942,225 -20,424,117 | -47% | -$819M |
|
|
6
Bausch Health
BHC
$2.74B
| $568M | 6.41% | 21,591,122 +5,000,000 | +30% | +$132M |
|
7
Howard Hughes
HHH
$4.53B
| $378M | 4.27% | 3,568,017 | – | – |
|
8
Element Solutions
ESI
$6.21B
| $368M | 4.15% | 42,737,394 | – | – |
|
|
9
Nomad Foods
NOMD
$2.33B
| $300M | 3.39% | +33,333,334 | New | +$300M |
|