Institutional Manager · CIK 0001336528
Pershing Square Capital Management, L.P.
New York, NY · File #028-11694
Latest AUM
$15.53B
Positions
11
Top-10 Concentration
99.5%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | META PLATFORMS INC | META | +2,673,569 | +$1.76B | $0 |
| REDUCE | ALPHABET INC | GOOG | -4,165,676 | -$1.30B | +$338.6M |
| ADD | BROOKFIELD CORP | 11271J107 | +20,382,858 | +$935.4M | -$930.7M |
| ADD | AMAZON COM INC | AMZN | +3,784,508 | +$873.5M | +$65.5M |
| EXITED | CHIPOTLE MEXICAN GRILL INC | 169656105 | -21,541,177 | -$844.2M | $0 |
| REDUCE | ALPHABET INC | GOOG | -160,160 | -$50.3M | +$444.3M |
| REDUCE | UBER TECHNOLOGIES INC | UBER | -62,784 | -$5.1M | -$492.2M |
| REDUCE | RESTAURANT BRANDS INTL INC | 76131D103 | -48,723 | -$3.3M | +$93.7M |
| REDUCE | HILTON WORLDWIDE HLDGS INC | HLT | -1,914 | -$549,796 | +$84.3M |
| REDUCE | HERTZ GLOBAL HLDGS INC | HTZWW | 0 | $0 | -$25.3M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202511 pos · $15.53B
- 13F HOLDINGS REPORTQ/E Sep 202511 pos · $14.64B
- 13F HOLDINGS REPORTQ/E Jun 202511 pos · $13.73B
- 13F HOLDINGS REPORTQ/E Mar 202511 pos · $11.93B
- 13F HOLDINGS REPORT (Amended)Q/E Mar 20251 pos · $46.5M
- 13F HOLDINGS REPORTQ/E Dec 202410 pos · $12.61B
- 13F HOLDINGS REPORTQ/E Sep 202411 pos · $12.92B
- 13F HOLDINGS REPORTQ/E Jun 20249 pos · $10.41B
- 13F HOLDINGS REPORTQ/E Mar 20247 pos · $10.76B
- 13F HOLDINGS REPORTQ/E Dec 20238 pos · $10.49B
Top 11 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BROOKFIELD CORP | 11271J107 | 61,403,089 | $2.82B | 18.15% |
| 2 | UBER TECHNOLOGIES INC | UBER | 30,207,734 | $2.47B | 15.90% |
| 3 | AMAZON COM INC | AMZN | 9,607,824 | $2.22B | 14.28% |
| 4 | ALPHABET INC | GOOG | 6,163,871 | $1.93B | 12.46% |
| 5 | META PLATFORMS INC | META | 2,673,569 | $1.76B | 11.37% |
| 6 | RESTAURANT BRANDS INTL INC | 76131D103 | 22,866,773 | $1.56B | 10.05% |
| 7 | HOWARD HUGHES HOLDINGS INC | HHH | 18,852,064 | $1.50B | 9.69% |
| 8 | HILTON WORLDWIDE HLDGS INC | HLT | 3,028,664 | $870.0M | 5.60% |
| 9 | ALPHABET INC | GOOG | 678,297 | $212.3M | 1.37% |
| 10 | SEAPORT ENTMT GROUP INC | SE | 5,023,780 | $99.3M | 0.64% |
| 11 | HERTZ GLOBAL HLDGS INC | HTZWW | 15,241,127 | $78.3M | 0.50% |