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PSCM

Pershing Square Capital Management Portfolio holdings

AUM $13.7B
1-Year Est. Return 13.45%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-29.42%
1 Year Est. Return
+13.45%
3 Year Est. Return
+64.66%
5 Year Est. Return
+90.44%
10 Year Est. Return
+446.13%
AUM
$6.57B
AUM Growth
+$20.1M
Cap. Flow
+$2.8B
Cap. Flow %
42.58%
Top 10 Hldgs %
100%
Holding
10
New
2
Increased
6
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
HHH icon
Howard Hughes
HHH
+$1.05B
2
A icon
Agilent Technologies
A
+$753M
3
LOW icon
Lowe's Companies
LOW
+$398M
4
SBUX icon
Starbucks
SBUX
+$378M
5
HLT icon
Hilton Worldwide
HLT
+$315M

Top Sells

Rank Stock Value
1
CMG icon
Chipotle Mexican Grill
CMG
+$445M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 61.24%
2 Financials 15.55%
3 Healthcare 13.76%
4 Real Estate 9.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LOW icon
1
Lowe's Companies
LOW
$116B
$1.05B 16.04%
12,252,414
+3,639,202
+42% +$398M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.07T
$997M 15.17%
5,453,360
+1,437,766
+36% +$306M
HLT icon
3
Hilton Worldwide
HLT
$74B
$941M 14.32%
13,789,589
+3,232,784
+31% +$315M
A icon
4
Agilent Technologies
A
$39.1B
$904M 13.76%
12,626,593
+9,378,479
+289% +$753M
CMG icon
5
Chipotle Mexican Grill
CMG
$40.8B
$760M 11.56%
58,061,600
-28,153,900
-33% -$445M
SBUX icon
6
Starbucks
SBUX
$118B
$666M 10.13%
10,131,008
+4,673,054
+86% +$378M
HHH icon
7
Howard Hughes
HHH
$3.93B
$616M 9.37%
12,795,061
+10,490,000
+455% +$1.05B
QSR icon
8
Restaurant Brands International
QSR
$25.1B
$604M 9.19%
15,084,304
– –
BX icon
9
Blackstone
BX
$104B
$25M 0.38%
+548,526
New +$30.3M
PK icon
10
Park Hotels & Resorts
PK
$2.97B
$5.36M 0.08%
+677,888
New +$12.7M

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Pershing Square Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Pershing Square Capital Management held 10 positions worth $6.57B, up 0.31% from $6.55B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Pershing Square Capital Management deployed $2.8B of net new capital in Q1 2020, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was Blackstone: 548,526 shares worth $25M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 61% of assets, down from 78% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Chipotle Mexican Grill, an estimated $445M trimmed.

  • Pershing Square Capital Management's largest Q1 2020 buy was Blackstone: 548,526 shares worth $25M.
  • Pershing Square Capital Management added most to Howard Hughes in Q1 2020, an estimated $1.05B increase.
  • Pershing Square Capital Management's biggest Q1 2020 reduction was Chipotle Mexican Grill, cutting an estimated $445M.
  • Pershing Square Capital Management's ten largest holdings make up 100% of its $6.57B portfolio in Q1 2020.
  • Pershing Square Capital Management opened 2 new positions and closed 0 in Q1 2020.
  • Pershing Square Capital Management's portfolio value rose 0.31% quarter-over-quarter to $6.57B.

Based on Pershing Square Capital Management's 13F filing for Q1 2020, filed 15 May 2020.