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 |
Agilent Technologies
A
|
$223M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
$105M |
Top Sells
| 1 |
Automatic Data Processing
ADP
|
$666M |
| 2 |
Chipotle Mexican Grill
CMG
|
$49.1M |
| 3 |
Restaurant Brands International
QSR
|
$39.6M |
| 4 |
Hilton Worldwide
HLT
|
$38.1M |
| 5 |
Lowe's Companies
LOW
|
$31.6M |
Sector Composition
| 1 | Consumer Discretionary | 81.3% |
| 2 | Financials | 12.87% |
| 3 | Healthcare | 3.44% |
| 4 | Real Estate | 2.39% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chipotle Mexican Grill
CMG
$56.5B
| $1.45B | 22.33% |
1,724,310
-58,400
| -3% | -$49.1M |
|
|
2
Restaurant Brands International
QSR
$20.8B
| $1.07B | 16.54% |
15,084,304
-556,761
| -4% | -$39.6M |
|
|
3
Hilton Worldwide
HLT
$64.9B
| $983M | 15.15% |
10,556,805
-409,446
| -4% | -$38.1M |
|
|
4
Lowe's Companies
LOW
$145B
| $947M | 14.59% |
8,613,212
-287,323
| -3% | -$31.6M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.09T
| $835M | 12.87% |
4,015,594
+502,597
| +14% | +$105M |
|
6
Starbucks
SBUX
$100B
| $824M | 12.69% |
9,313,890
| – | – |
|
|
7
Agilent Technologies
A
$35.7B
| $223M | 3.44% |
+2,916,103
| New | +$223M |
|
8
Howard Hughes
HHH
$4.53B
| $155M | 2.39% |
1,194,793
| – | – |
|
|
9
Automatic Data Processing
ADP
$123B
| – | – |
-4,029,526
| Closed | -$666M |
|