Bill Ackman – Pershing Square Capital Management Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q3 2025, the filing reported:
New Buys –
None reported
Increases –
None reported
Reductions – Brookfield Corporation, Alphabet Inc., Restaurant Brands International, Uber Technologies, Inc.
Complete Exits –
None reported
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | BN Brookfield Corporation | Brookfield Corporation | Sell | -140,166 | -0.3% | $2.81B | 41,020,231 |
Q3 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Sell | -519,007 | -9.7% | $1.18B | 4,843,973 |
Q3 2025 | QSR Restaurant Brands International | Restaurant Brands International | Sell | -85,418 | -0.4% | $1.47B | 22,915,496 |
Q3 2025 | UBER Uber Technologies, Inc. | Uber Technologies, Inc. | Sell | -30,643 | -0.1% | $2.97B | 30,270,518 |
Q2 2025 | AMZN Amazon.com, Inc. | Amazon.com, Inc. | Buy - Position Entry | +5,823,316 | - | $1.28B | 5,823,316 |
Q2 2025 | BN Brookfield Corporation | Brookfield Corporation | Buy | +155,740 | +0.4% | $2.55B | 41,160,397 |
Q2 2025 | CP Canadian Pacific Kansas City Li | Canadian Pacific Kansas City Li | Sell - Position Exit | -14,799,796 | -100.0% | $0.00 | - |
Q2 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Buy | +925,000 | +20.8% | $945.12M | 5,362,980 |
Q2 2025 | HLT Hilton Worldwide Holdings Inc. | Hilton Worldwide Holdings Inc. | Buy | +29,808 | +1.0% | $807.16M | 3,030,578 |
Q2 2025 | HTZ Hertz Global Holdings, Inc | Hertz Global Holdings, Inc | Buy | +241,127 | +1.6% | $104.10M | 15,241,127 |
Q1 2025 | BN Brookfield Corporation | Brookfield Corporation | Buy | +6,111,593 | +17.5% | $2.15B | 41,004,657 |
Q1 2025 | CMG Chipotle Mexican Grill, Inc. | Chipotle Mexican Grill, Inc. | Sell | -3,112,356 | -12.6% | $1.08B | 21,541,177 |
Q1 2025 | CP Canadian Pacific Kansas City Li | Canadian Pacific Kansas City Li | Sell | -77,855 | -0.5% | $1.04B | 14,799,796 |
Q1 2025 | GOOG Alphabet Inc. | Alphabet Inc. | Sell | -1,223,551 | -16.2% | $988.00M | 6,324,031 |
Q1 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Buy | +451,492 | +11.3% | $686.29M | 4,437,980 |
Q1 2025 | HLT Hilton Worldwide Holdings Inc. | Hilton Worldwide Holdings Inc. | Sell | -2,439,776 | -44.8% | $682.83M | 3,000,770 |
Q1 2025 | HTZ Hertz Global Holdings, Inc | Hertz Global Holdings, Inc | Buy - Position Entry | +15,000,000 | - | $59.10M | 15,000,000 |
Q1 2025 | NKE Nike, Inc. | Nike, Inc. | Sell - Position Exit | -18,768,946 | -100.0% | $0.00 | - |
Q1 2025 | UBER Uber Technologies, Inc. | Uber Technologies, Inc. | Buy - Position Entry | +30,301,161 | - | $2.21B | 30,301,161 |
Q4 2024 | BN Brookfield Corporation | Brookfield Corporation | Buy | +2,157,181 | +6.6% | $2.00B | 34,893,064 |
Q4 2024 | CMG Chipotle Mexican Grill, Inc. | Chipotle Mexican Grill, Inc. | Sell | -4,161,632 | -14.4% | $1.49B | 24,653,533 |
Q4 2024 | HLT Hilton Worldwide Holdings Inc. | Hilton Worldwide Holdings Inc. | Sell | -1,929,622 | -26.2% | $1.34B | 5,440,546 |
Q4 2024 | NKE Nike, Inc. | Nike, Inc. | Buy | +2,488,608 | +15.3% | $1.42B | 18,768,946 |
Q4 2024 | SEG Seaport Entertainment | Seaport Entertainment | Buy | +2,929,107 | +139.8% | $140.41M | 5,023,780 |
Q3 2024 | BN Brookfield Corporation | Brookfield Corporation | Buy | +25,881,373 | +377.6% | $1.74B | 32,735,883 |
Q3 2024 | CP Canadian Pacific Kansas City Li | Canadian Pacific Kansas City Li | Sell | -87,990 | -0.6% | $1.27B | 14,877,651 |
Q3 2024 | HLT Hilton Worldwide Holdings Inc. | Hilton Worldwide Holdings Inc. | Sell | -1,582,122 | -17.7% | $1.70B | 7,370,168 |
Q3 2024 | NKE Nike, Inc. | Nike, Inc. | Buy | +13,240,206 | +435.5% | $1.44B | 16,280,338 |
Q3 2024 | QSR Restaurant Brands International | Restaurant Brands International | Sell | -141,628 | -0.6% | $1.66B | 23,000,914 |
Q3 2024 | SEG Seaport Entertainment | Seaport Entertainment | Buy - Position Entry | +2,094,673 | - | $57.44M | 2,094,673 |