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
Top Sells
| 1 |
Bausch Health
BHC
|
$263M |
| 2 |
Air Products & Chemicals
APD
|
$215M |
| 3 |
Mondelez International
MDLZ
|
$129M |
Sector Composition
| 1 | Consumer Discretionary | 58.15% |
| 2 | Consumer Staples | 20.82% |
| 3 | Materials | 14.01% |
| 4 | Real Estate | 7.02% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Restaurant Brands International
QSR
$20.8B
| $2.18B | 36.61% | 39,150,551 | – | – |
|
2
Chipotle Mexican Grill
CMG
$56.5B
| $1.28B | 21.54% | 2,882,463 | – | – |
|
|
3
Mondelez International
MDLZ
$79.5B
| $859M | 14.41% | 19,942,225 -3,000,000 | -13% | -$129M |
|
4
Element Solutions
ESI
$6.21B
| $527M | 8.84% | 40,451,506 | – | – |
|
5
Howard Hughes
HHH
$4.53B
| $418M | 7.02% | 3,568,017 | – | – |
|
6
Nomad Foods
NOMD
$2.33B
| $382M | 6.4% | 33,333,334 | – | – |
|
|
7
Air Products & Chemicals
APD
$65.5B
| $308M | 5.18% | 2,280,138 -1,590,622 | -41% | -$215M |
|
|
8
Bausch Health
BHC
$2.74B
| – | – | -18,114,432 | Closed | -$263M |
|