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Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 15, 2026, the Pershing Square Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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 Q1 2026, the filing reported:

New Buys - Microsoft Corporation

Increases - Amazon.com, Inc.

Reductions - Brookfield Corporation, Alphabet Inc., Alphabet Inc., Meta Platforms, Inc., Restaurant Brands International, and 1 more

Complete Exits - Hilton Worldwide Holdings 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
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+1,844,157	+19.2%	$2.39B	11,451,981
Q1 2026	BN Brookfield Corporation	Brookfield Corporation	Sell	-1,705,881	-2.8%	$2.42B	59,697,208
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-5,852,145	-94.9%	$89.42M	311,726
Q1 2026	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-645,921	-95.2%	$9.31M	32,376
Q1 2026	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell - Position Exit	-3,028,664	-100.0%	$0.00	-
Q1 2026	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-12,708	-0.5%	$1.52B	2,660,861
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+5,654,078	-	$2.09B	5,654,078
Q1 2026	QSR Restaurant Brands International	Restaurant Brands International	Sell	-221,290	-1.0%	$1.67B	22,645,483
Q1 2026	UBER Uber Technologies, Inc.	Uber Technologies, Inc.	Sell	-248,963	-0.8%	$2.15B	29,958,771
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