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 |
Howard Hughes
HHH
|
$127M |
| 2 |
Agilent Technologies
A
|
$28.3M |
Top Sells
| 1 |
Starbucks
SBUX
|
$339M |
Sector Composition
| 1 | Consumer Discretionary | 77.64% |
| 2 | Financials | 13.88% |
| 3 | Real Estate | 4.25% |
| 4 | Healthcare | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Chipotle Mexican Grill
CMG
$56.5B
| $1.44B | 22.03% |
1,724,310
| – | – |
|
2
Hilton Worldwide
HLT
$64.9B
| $1.17B | 17.87% |
10,556,805
| – | – |
|
3
Lowe's Companies
LOW
$145B
| $1.03B | 15.74% |
8,613,212
| – | – |
|
4
Restaurant Brands International
QSR
$20.8B
| $962M | 14.68% |
15,084,304
| – | – |
|
5
Berkshire Hathaway Class B
BRK.B
$1.09T
| $910M | 13.88% |
4,015,594
| – | – |
|
|
6
Starbucks
SBUX
$100B
| $480M | 7.32% |
5,457,954
-3,855,936
| -41% | -$339M |
|
|
7
Howard Hughes
HHH
$4.53B
| $279M | 4.25% |
2,197,389
+1,002,596
| +84% | +$127M |
|
|
8
Agilent Technologies
A
$35.7B
| $277M | 4.23% |
3,248,114
+332,011
| +11% | +$28.3M |
|