Pershing Square Capital Management, L.P., founded and led by the billionaire Bill Ackman, has a portfolio valued at $11.930 billion, which is concentrated in these four stocks as of the end of the first quarter of 2025.
What Happened: The hedge fund, with Ackman as its CEO, had 11 holdings as of the most recent reported quarterly period, which ended on May 15, highlighted in its 13F filing.
According to Pershing Square’s Net Asset Value (NAV) and performance report for June 2025, the fund’s portfolio had no short positions and most of its funds were invested in large-cap companies.
The portfolio was exposed to various sectors, including consumer products, consumer services, financials, leisure and hospitality, technology, and special purpose rights companies.
According to its 13F filings, the four major stock holdings in the foundation's portfolio made up at least two-thirds or 62% of the fund's holdings valued at $7.286 billion as of the first quarter of the ongoing calendar year.
Company | Value (as of March 31) | % Of Holdings (as of March 31) | Number Of Shares | Change From Dec. 31, 2024 (in %) |
Uber Technologies Inc. (NASDAQ:UBER) | $2.207 billion | 19% | 30301161 | New |
Brookfield Corp. (NYSE:BN) | $2.149 billion | 18% | 41004657 | 18% |
Restaurant Brands International Inc. (NYSE:QSR) | $1.532 billion | 13% | 23000914 | 0% |
Howard Hughes Holdings Inc. (NYSE:HHH) | $1.396 billion | 12% | 18852064 | 0% |
See Also: As US Dollar Sinks, Top Economist Warns 10% Slide Could Spark New Inflation Spike
Why It Matters: Apart from holding 62% of the aforementioned companies, Pershing Square’s other investments also includes Chipotle Mexican Grill Inc. (NYSE:CMG), Canadian Pacific Kansas City Ltd. (NYSE:CP), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Hilton Hotels Corp. (NYSE:HLT), with holdings in single digits ranging from 5.7% to 9.1%.
Along with less than 1% portfolio holdings in Seaport Entertainment Group Inc. (NYSE:SEG) and Hertz Global Holdings Inc. (NASDAQ:HTZ).
Price Action: The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, declined on Monday. The SPY was down 0.75% at $620.68, while the QQQ also declined 0.75% to $552.03, according to Benzinga Pro data.
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