Pershing Square Capital Management Portfolio holdings
Pershing Square Capital Management is an activist hedge fund firm that buys shares in companies and presses their managements to change. Bill Ackman, a hedge fund manager who earlier co-founded Gotham Partners, started the firm. Its campaigns have targeted McDonald's, Wendy's and Herbalife, and in 2014 its closed-end fund Pershing Square Holdings listed on the Amsterdam stock exchange. Pershing Square Holdings was designed as permanent capital, so its investors cannot directly withdraw their money, and the firm describes its own approach as long-term. In 2020 Ackman also took a blank-check company, Pershing Square Tontine Holdings, public, and in 2022 he said he would return its money to shareholders because he could not find a suitable deal.
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zoetis
ZTS
|
+$976M |
| 2 |
Canadian Pacific Kansas City
CP
|
+$553M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.68% |
| 2 | Materials | 19.42% |
| 3 | Healthcare | 19.16% |
| 4 | Consumer Staples | 17.44% |
| 5 | Industrials | 16.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Restaurant Brands International
QSR
$26.3B
| $1.63B | 21.68% |
39,150,551
| – | – |
2014 Q4
6 quarters
|
|
|
2
Canadian Pacific Kansas City
CP
$81.9B
| $1.27B | 16.87% |
49,204,450
-20,500,000
| -29% | -$553M |
2013 Q2
12 quarters
|
|
3
Air Products & Chemicals
APD
$70.5B
| $1.08B | 14.37% |
8,216,832
| – | – |
2013 Q2
12 quarters
|
|
4
Mondelez International
MDLZ
$85.5B
| $1.04B | 13.9% |
22,942,225
| – | – |
2015 Q3
3 quarters
|
|
|
5
Zoetis
ZTS
$34.1B
| $1B | 13.38% |
21,173,188
-20,649,957
| -49% | -$976M |
2014 Q3
7 quarters
|
|
6
Bausch Health
BHC
$3.13B
| $435M | 5.79% |
21,591,122
| – | – |
2015 Q1
5 quarters
|
|
7
Howard Hughes
HHH
$4.96B
| $408M | 5.43% |
3,742,850
| – | – |
2013 Q2
12 quarters
|
|
8
Element Solutions
ESI
$8.03B
| $380M | 5.05% |
42,737,394
| – | – |
2014 Q1
9 quarters
|
|
9
Nomad Foods
NOMD
$1.67B
| $266M | 3.54% |
33,333,334
| – | – |
2016 Q1
1 quarter
|
|
Similar funds
Pershing Square Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Pershing Square Capital Management held 9 positions worth $7.51B, down 15% from $8.85B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Pershing Square Capital Management withdrew a net $1.53B in Q2 2016, reducing 2 holdings. Its largest reduction was Zoetis, cutting an estimated $976M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 17% a quarter earlier, followed by Materials and Healthcare.
- Pershing Square Capital Management's biggest Q2 2016 reduction was Zoetis, cutting an estimated $976M.
- Pershing Square Capital Management's ten largest holdings make up 100% of its $7.51B portfolio in Q2 2016.
- Pershing Square Capital Management opened 0 new positions and closed 0 in Q2 2016.
- Pershing Square Capital Management's portfolio value fell 15% quarter-over-quarter to $7.51B.
Based on Pershing Square Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.