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
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$928M |
| 2 |
Lowe's Companies
LOW
|
+$32.6M |
| 3 |
Restaurant Brands International
QSR
|
+$21M |
| 4 |
Hilton Worldwide
HLT
|
+$15.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Domino's
DPZ
|
+$803M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 77.52% |
| 2 | Industrials | 12.91% |
| 3 | Real Estate | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Lowe's Companies
LOW
$116B
| $1.95B | 24.74% |
10,374,801
+167,495
| +2% | +$32.6M |
|
2
Chipotle Mexican Grill
CMG
$40.8B
| $1.66B | 21.08% |
55,260,400
| – | – |
|
|
3
Restaurant Brands International
QSR
$25.1B
| $1.29B | 16.33% |
24,194,166
+371,525
| +2% | +$21M |
|
|
4
Hilton Worldwide
HLT
$74B
| $1.21B | 15.36% |
10,031,580
+122,978
| +1% | +$15.5M |
|
|
5
Canadian Pacific Kansas City
CP
$82B
| $1.02B | 12.91% |
15,237,044
+12,292,785
| +418% | +$928M |
|
6
Howard Hughes
HHH
$3.93B
| $754M | 9.58% |
14,287,552
| – | – |
|
|
7
Domino's
DPZ
$11B
| – | – |
-2,061,312
| Closed | -$803M |
|
Similar funds
Pershing Square Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Pershing Square Capital Management held 7 positions worth $7.88B, up 5.6% from $7.46B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Pershing Square Capital Management's Q3 2022 filing shows 4 increased and 1 closed positions. The largest sale was Domino's, an estimated $803M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 78% of assets, down from 85% a quarter earlier, followed by Industrials and Real Estate.
- Pershing Square Capital Management added most to Canadian Pacific Kansas City in Q3 2022, an estimated $928M increase.
- Pershing Square Capital Management fully exited Domino's in Q3 2022, selling an estimated $803M.
- Pershing Square Capital Management's ten largest holdings make up 100% of its $7.88B portfolio in Q3 2022.
- Pershing Square Capital Management opened 0 new positions and closed 1 in Q3 2022.
- Pershing Square Capital Management's portfolio value rose 5.6% quarter-over-quarter to $7.88B.
Based on Pershing Square Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.