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
|
$878M |
Top Sells
| 1 |
Zoetis
ZTS
|
$141M |
| 2 |
Bausch Health
BHC
|
$50.5M |
| 3 |
Element Solutions
ESI
|
$22.4M |
| 4 |
Air Products & Chemicals
APD
|
$22.2M |
Sector Composition
| 1 | Consumer Discretionary | 49.95% |
| 2 | Consumer Staples | 22.59% |
| 3 | Materials | 16.13% |
| 4 | Real Estate | 6.88% |
| 5 | Healthcare | 4.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Restaurant Brands International
QSR
$20.8B
| $1.87B | 31.56% | 39,150,551 | – | – |
|
|
2
Chipotle Mexican Grill
CMG
$56.5B
| $1.09B | 18.39% | 2,882,463 +2,328,250 | +420% | +$878M |
|
3
Mondelez International
MDLZ
$79.5B
| $1.02B | 17.2% | 22,942,225 | – | – |
|
|
4
Air Products & Chemicals
APD
$65.5B
| $557M | 9.41% | 3,870,760 -154,380 | -4% | -$22.2M |
|
5
Howard Hughes
HHH
$4.53B
| $407M | 6.88% | 3,568,017 | – | – |
|
|
6
Element Solutions
ESI
$6.21B
| $397M | 6.71% | 40,451,506 -2,285,888 | -5% | -$22.4M |
|
7
Nomad Foods
NOMD
$2.33B
| $319M | 5.39% | 33,333,334 | – | – |
|
|
8
Bausch Health
BHC
$2.74B
| $263M | 4.45% | 18,114,432 -3,476,690 | -16% | -$50.5M |
|
|
9
Zoetis
ZTS
$69.3B
| – | – | -2,717,719 | Closed | -$141M |
|