Pershing Square Capital Management Portfolio - Dec 31, 2025

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Pershing Square Capital Management, Bill Ackman, has built a diversified portfolio of 11 publicly traded holdings with a total market value of $15.5B as of Dec 31, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 18.1% of the total portfolio value. The top 5 holdings account for 72.2% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

11
Total Holdings
$15.5B
Portfolio Value
Dec 31, 2025
Latest Filing
18.1%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in BROOKFIELD CORP (BN) represents 18.1% of the total portfolio, valued at $2.8B.

Rank Symbol Company Value Portfolio % Change
1 BN BROOKFIELD CORP $2.8B 18.1% +49.7%
2 UBER UBER TECHNOLOGIES INC $2.5B 15.9% -0.2%
3 AMZN AMAZON COM INC $2.2B 14.3% +65.0%
4 GOOG ALPHABET INC $1.9B 12.5% -2.5%
5 META META PLATFORMS INC $1.8B 11.4% +100.0%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 129 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
CMG Chipotle Mexican Grill, Inc. -21,541,177 Dec 31, 2025 SELL
BN Brookfield Corporation +20,382,858 Dec 31, 2025 BUY
GOOGL Alphabet Inc. -4,165,676 Dec 31, 2025 SELL
AMZN Amazon.com, Inc. +3,784,508 Dec 31, 2025 BUY
META Meta Platforms, Inc. +2,673,569 Dec 31, 2025 BUY
GOOG Alphabet Inc. -160,160 Dec 31, 2025 SELL
UBER Uber Technologies, Inc. -62,784 Dec 31, 2025 SELL
QSR Restaurant Brands International -48,723 Dec 31, 2025 SELL
HLT Hilton Worldwide Holdings Inc. -1,914 Dec 31, 2025 SELL
GOOGL Alphabet Inc. -519,007 Sep 30, 2025 SELL

Options Activity

Options trading activity provides insights into the investor's derivative strategies and hedging approaches. The following table shows options positions from the latest reporting period, sorted by notional value.

Symbol Company Type Contracts Notional Value Date
PG Procter & Gamble Company (The) CALL 25,000,000 $1.9M Sep 30, 2013

Note: Notional value represents the total exposure value of the options position. For a complete analysis of all options strategies and historical options activity, visit our comprehensive options page.

Investment Strategy Insights

Pershing Square Capital Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in BROOKFIELD CORP (BN) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 49.7% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 129 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 11 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Pershing Square Capital Management's portfolio as of Dec 31, 2025 reflects a strategic approach to equity investing with 11 holdings valued at $15.5B. The concentrated position in BROOKFIELD CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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