Pershing Square Capital Management Portfolio - Jun 30, 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 $13.7B as of Jun 30, 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 20.6% of the total portfolio value. The top 5 holdings account for 68.8% 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
$13.7B
Portfolio Value
Jun 30, 2025
Latest Filing
20.6%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in UBER TECHNOLOGIES INC (UBER) represents 20.6% of the total portfolio, valued at $2.8B.

Rank Symbol Company Value Portfolio % Change
1 UBER UBER TECHNOLOGIES INC $2.8B 20.6% -
2 BN BROOKFIELD CORP $2.5B 18.5% +0.4%
3 QSR RESTAURANT BRANDS INTL INC $1.5B 11.1% -
4 AMZN AMAZON COM INC $1.3B 9.3% +100.0%
5 HHH HOWARD HUGHES HOLDINGS INC $1.3B 9.3% -

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 136 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
CP Canadian Pacific Kansas City Li -14,799,796 Jun 30, 2025 SELL
AMZN Amazon.com, Inc. +5,823,316 Jun 30, 2025 BUY
GOOGL Alphabet Inc. +925,000 Jun 30, 2025 BUY
HTZ Hertz Global Holdings, Inc +241,127 Jun 30, 2025 BUY
BN Brookfield Corporation +155,740 Jun 30, 2025 BUY
HLT Hilton Worldwide Holdings Inc. +29,808 Jun 30, 2025 BUY
UBER Uber Technologies, Inc. +30,301,161 Mar 31, 2025 BUY
NKE Nike, Inc. -18,768,946 Mar 31, 2025 SELL
HTZ Hertz Global Holdings, Inc +15,000,000 Mar 31, 2025 BUY
BN Brookfield Corporation +6,111,593 Mar 31, 2025 BUY

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 UBER TECHNOLOGIES INC (UBER) demonstrates strong conviction in this particular investment opportunity. 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 136 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Pershing Square Capital Management's portfolio as of Jun 30, 2025 reflects a strategic approach to equity investing with 11 holdings valued at $13.7B. The concentrated position in UBER TECHNOLOGIES INC 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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