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 |
Brookfield
BN
|
+$286M |
| 2 |
Nike
NKE
|
+$283M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chipotle Mexican Grill
CMG
|
+$521M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$311M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$62.1M |
| 4 |
Hilton Worldwide
HLT
|
+$47M |
| 5 |
Restaurant Brands International
QSR
|
+$14.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 53.94% |
| 2 | Communication Services | 20.27% |
| 3 | Real Estate | 11.74% |
| 4 | Industrials | 11.32% |
| 5 | Financials | 2.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Hilton Worldwide
HLT
$74.8B
| $1.95B | 18.76% |
8,952,290
-228,890
| -2% | -$47M |
|
|
2
Chipotle Mexican Grill
CMG
$47.3B
| $1.81B | 17.34% |
28,815,165
-8,384,035
| -23% | -$521M |
|
|
3
Restaurant Brands International
QSR
$28.1B
| $1.63B | 15.64% |
23,142,542
-205,593
| -0.9% | -$14.7M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.14T
| $1.38B | 13.3% |
7,547,582
-1,829,613
| -20% | -$311M |
|
5
Howard Hughes
HHH
$3.96B
| $1.22B | 11.74% |
19,775,815
| – | – |
|
6
Canadian Pacific Kansas City
CP
$83.5B
| $1.18B | 11.32% |
14,965,641
-129,887
| -0.9% | -$10.6M |
|
|
7
Alphabet (Google) Class A
GOOGL
$4.18T
| $726M | 6.97% |
3,986,488
-368,336
| -8% | -$62.1M |
|
|
8
Brookfield
BN
$93.6B
| $285M | 2.73% |
+10,281,765
| New | +$286M |
|
|
9
Nike
NKE
$57.1B
| $229M | 2.2% |
+3,040,132
| New | +$283M |
|
Similar funds
Pershing Square Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Pershing Square Capital Management held 9 positions worth $10.4B, down 3.2% from $10.8B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Pershing Square Capital Management withdrew a net $397M in Q2 2024, reducing 6 holdings. Its largest reduction was Chipotle Mexican Grill, cutting an estimated $521M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 54% of assets, down from 56% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Pershing Square Capital Management opened a new position in Brookfield worth $285M.
- Pershing Square Capital Management's largest Q2 2024 buy was Brookfield: 10,281,765 shares worth $285M.
- Pershing Square Capital Management's biggest Q2 2024 reduction was Chipotle Mexican Grill, cutting an estimated $521M.
- Pershing Square Capital Management's ten largest holdings make up 100% of its $10.4B portfolio in Q2 2024.
- Pershing Square Capital Management opened 2 new positions and closed 0 in Q2 2024.
- Pershing Square Capital Management's portfolio value fell 3.2% quarter-over-quarter to $10.4B.
Based on Pershing Square Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.