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
|
$175M |
Top Sells
| 1 |
Lowe's Companies
LOW
|
$1.3B |
| 2 |
Chipotle Mexican Grill
CMG
|
$294M |
| 3 |
Hilton Worldwide
HLT
|
$205M |
Sector Composition
| 1 | Consumer Discretionary | 54.44% |
| 2 | Communication Services | 18.56% |
| 3 | Real Estate | 15.51% |
| 4 | Industrials | 11.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Chipotle Mexican Grill
CMG
$56.5B
| $1.89B | 18.15% |
824,998
-128,610
| -13% | -$294M |
|
2
Restaurant Brands International
QSR
$20.8B
| $1.82B | 17.55% |
23,348,135
| – | – |
|
|
3
Hilton Worldwide
HLT
$64.9B
| $1.67B | 16.08% |
9,181,180
-1,124,320
| -11% | -$205M |
|
|
4
Howard Hughes
HHH
$4.53B
| $1.61B | 15.51% |
18,852,064
+2,045,156
| +12% | +$175M |
|
5
Alphabet (Google) Class C
GOOG
$2.58T
| $1.32B | 12.71% |
9,377,195
| – | – |
|
6
Canadian Pacific Kansas City
CP
$69.9B
| $1.19B | 11.48% |
15,095,528
| – | – |
|
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $608M | 5.85% |
4,354,824
| – | – |
|
|
8
Lowe's Companies
LOW
$145B
| $277M | 2.67% |
1,245,515
-5,821,108
| -82% | -$1.3B |
|