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 |
Berkshire Hathaway Class B
BRK.B
|
$749M |
Top Sells
| 1 |
RTX Corp
RTX
|
$750M |
| 2 |
Restaurant Brands International
QSR
|
$188M |
| 3 |
Chipotle Mexican Grill
CMG
|
$58.6M |
| 4 |
Starbucks
SBUX
|
$57M |
| 5 |
Lowe's Companies
LOW
|
$41.8M |
Sector Composition
| 1 | Consumer Discretionary | 76.7% |
| 2 | Financials | 11.16% |
| 3 | Technology | 9.93% |
| 4 | Real Estate | 2.21% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chipotle Mexican Grill
CMG
$56.5B
| $1.31B | 19.48% |
1,782,710
-80,000
| -4% | -$58.6M |
|
|
2
Restaurant Brands International
QSR
$20.8B
| $1.09B | 16.21% |
15,641,065
-2,701,638
| -15% | -$188M |
|
3
Hilton Worldwide
HLT
$64.9B
| $1.07B | 15.98% |
10,966,251
| – | – |
|
|
4
Lowe's Companies
LOW
$145B
| $898M | 13.39% |
8,900,535
-414,498
| -4% | -$41.8M |
|
|
5
Starbucks
SBUX
$100B
| $781M | 11.64% |
9,313,890
-680,159
| -7% | -$57M |
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $749M | 11.16% |
+3,512,997
| New | +$749M |
|
7
Automatic Data Processing
ADP
$123B
| $666M | 9.93% |
4,029,526
| – | – |
|
8
Howard Hughes
HHH
$4.53B
| $148M | 2.21% |
1,194,793
| – | – |
|
|
9
RTX Corp
RTX
$212B
| – | – |
-5,819,203
| Closed | -$750M |
|