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
|
$770M |
Top Sells
| 1 |
Restaurant Brands International
QSR
|
$808M |
| 2 |
Nomad Foods
NOMD
|
$470M |
| 3 |
Mondelez International
MDLZ
|
$23.1M |
Sector Composition
| 1 | Consumer Discretionary | 50.45% |
| 2 | Technology | 18.81% |
| 3 | Consumer Staples | 11.07% |
| 4 | Real Estate | 10.85% |
| 5 | Materials | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Restaurant Brands International
QSR
$20.8B
| $1.69B | 33.1% |
26,500,729
-12,649,822
| -32% | -$808M |
|
|
2
Automatic Data Processing
ADP
$123B
| $962M | 18.81% |
8,798,442
+7,047,575
| +403% | +$770M |
|
3
Chipotle Mexican Grill
CMG
$56.5B
| $887M | 17.35% |
2,882,463
| – | – |
|
|
4
Mondelez International
MDLZ
$79.5B
| $566M | 11.07% |
13,927,445
-568,780
| -4% | -$23.1M |
|
5
Howard Hughes
HHH
$4.53B
| $555M | 10.85% |
4,704,534
| – | – |
|
6
Element Solutions
ESI
$6.21B
| $451M | 8.82% |
40,451,506
| – | – |
|
|
7
Nomad Foods
NOMD
$2.33B
| – | – |
-33,333,334
| Closed | -$470M |
|