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 |
Chipotle Mexican Grill
CMG
|
$235M |
Top Sells
| 1 |
Canadian Pacific Kansas City
CP
|
$1.27B |
| 2 |
Zoetis
ZTS
|
$960M |
| 3 |
Air Products & Chemicals
APD
|
$538M |
Sector Composition
| 1 | Consumer Discretionary | 36.58% |
| 2 | Consumer Staples | 25.89% |
| 3 | Materials | 17.58% |
| 4 | Healthcare | 12.4% |
| 5 | Real Estate | 7.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Restaurant Brands International
QSR
$20.8B
| $1.75B | 32.24% | 39,150,551 | – | – |
|
2
Mondelez International
MDLZ
$79.5B
| $1.01B | 18.61% | 22,942,225 | – | – |
|
|
3
Air Products & Chemicals
APD
$65.5B
| $605M | 11.18% | 4,025,140 -3,576,000 | -47% | -$538M |
|
4
Bausch Health
BHC
$2.74B
| $530M | 9.79% | 21,591,122 | – | – |
|
5
Howard Hughes
HHH
$4.53B
| $409M | 7.55% | 3,568,017 | – | – |
|
6
Nomad Foods
NOMD
$2.33B
| $394M | 7.28% | 33,333,334 | – | – |
|
7
Element Solutions
ESI
$6.21B
| $347M | 6.4% | 42,737,394 | – | – |
|
|
8
Chipotle Mexican Grill
CMG
$56.5B
| $235M | 4.34% | +554,213 | New | +$235M |
|
|
9
Zoetis
ZTS
$69.3B
| $141M | 2.61% | 2,717,719 -18,455,469 | -87% | -$960M |
|
|
10
Canadian Pacific Kansas City
CP
$69.9B
| – | – | -9,840,890 | Closed | -$1.27B |
|