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 |
Automatic Data Processing
ADP
|
$179M |
| 2 |
Howard Hughes
HHH
|
$140M |
Top Sells
| 1 |
Air Products & Chemicals
APD
|
$308M |
| 2 |
Mondelez International
MDLZ
|
$235M |
Sector Composition
| 1 | Consumer Discretionary | 60.65% |
| 2 | Consumer Staples | 18.23% |
| 3 | Real Estate | 9.61% |
| 4 | Materials | 8.53% |
| 5 | Technology | 2.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Restaurant Brands International
QSR
$20.8B
| $2.45B | 40.71% |
39,150,551
| – | – |
|
2
Chipotle Mexican Grill
CMG
$56.5B
| $1.2B | 19.94% |
2,882,463
| – | – |
|
|
3
Mondelez International
MDLZ
$79.5B
| $626M | 10.41% |
14,496,225
-5,446,000
| -27% | -$235M |
|
|
4
Howard Hughes
HHH
$4.53B
| $578M | 9.61% |
4,704,534
+1,136,517
| +32% | +$140M |
|
5
Element Solutions
ESI
$6.21B
| $513M | 8.53% |
40,451,506
| – | – |
|
6
Nomad Foods
NOMD
$2.33B
| $470M | 7.82% |
33,333,334
| – | – |
|
|
7
Automatic Data Processing
ADP
$123B
| $179M | 2.98% |
+1,750,867
| New | +$179M |
|
|
8
Air Products & Chemicals
APD
$65.5B
| – | – |
-2,280,138
| Closed | -$308M |
|