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 |
RTX Corp
RTX
|
$245M |
Top Sells
| 1 |
Nike
NKE
|
$365M |
| 2 |
Howard Hughes
HHH
|
$348M |
| 3 |
Mondelez International
MDLZ
|
$296M |
| 4 |
Restaurant Brands International
QSR
|
$124M |
| 5 |
Automatic Data Processing
ADP
|
$97.2M |
Sector Composition
| 1 | Consumer Discretionary | 47.92% |
| 2 | Technology | 18.65% |
| 3 | Consumer Staples | 13.95% |
| 4 | Materials | 8.06% |
| 5 | Real Estate | 6.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Restaurant Brands International
QSR
$20.8B
| $1.38B | 28.65% | 24,320,295 -2,180,434 | -8% | -$124M |
|
2
Chipotle Mexican Grill
CMG
$56.5B
| $931M | 19.27% | 2,882,463 | – | – |
|
|
3
Automatic Data Processing
ADP
$123B
| $901M | 18.65% | 7,941,957 -856,485 | -10% | -$97.2M |
|
|
4
Mondelez International
MDLZ
$79.5B
| $674M | 13.95% | 16,156,591 -7,099,811 | -31% | -$296M |
|
5
Element Solutions
ESI
$6.21B
| $390M | 8.06% | 40,451,506 | – | – |
|
|
6
Howard Hughes
HHH
$4.53B
| $307M | 6.35% | 2,204,534 -2,500,000 | -53% | -$348M |
|
|
7
RTX Corp
RTX
$212B
| $245M | 5.06% | +1,944,420 | New | +$245M |
|
|
8
Nike
NKE
$114B
| – | – | -5,836,020 | Closed | -$365M |
|