Bill Ackman – Pershing Square Capital Management Portfolio Activity & Recent Trades (Dec 31, 2025)
As of Dec 31, 2025, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 17, 2026. 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 Q4 2025, the filing reported:
New Buys – Meta Platforms, Inc.
Increases – Amazon.com, Inc., Brookfield Corporation
Reductions – Alphabet Inc., Alphabet Inc., Hilton Worldwide Holdings Inc., Restaurant Brands International, Uber Technologies, Inc.
Complete Exits – Chipotle Mexican Grill, Inc.
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 |
|---|---|---|---|---|---|---|---|
Q4 2025 | AMZN Amazon.com, Inc. | Amazon.com, Inc. | Buy | +3,784,508 | +65.0% | $2.22B | 9,607,824 |
Q4 2025 | BN Brookfield Corporation | Brookfield Corporation | Buy | +20,382,858 | +49.7% | $2.82B | 61,403,089 |
Q4 2025 | CMG Chipotle Mexican Grill, Inc. | Chipotle Mexican Grill, Inc. | Sell - Position Exit | -21,541,177 | -100.0% | $0.00 | - |
Q4 2025 | GOOG Alphabet Inc. | Alphabet Inc. | Sell | -160,160 | -2.5% | $1.93B | 6,163,871 |
Q4 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Sell | -4,165,676 | -86.0% | $212.31M | 678,297 |
Q4 2025 | HLT Hilton Worldwide Holdings Inc. | Hilton Worldwide Holdings Inc. | Sell | -1,914 | -0.1% | $869.98M | 3,028,664 |
Q4 2025 | META Meta Platforms, Inc. | Meta Platforms, Inc. | Buy - Position Entry | +2,673,569 | - | $1.76B | 2,673,569 |
Q4 2025 | QSR Restaurant Brands International | Restaurant Brands International | Sell | -48,723 | -0.2% | $1.56B | 22,866,773 |
Q4 2025 | UBER Uber Technologies, Inc. | Uber Technologies, Inc. | Sell | -62,784 | -0.2% | $2.47B | 30,207,734 |
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 |