Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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 Q1 2025, the filing reported:

New Buys - Hertz Global Holdings, Inc, Uber Technologies, Inc.

Increases - Brookfield Corporation, Alphabet Inc.

Reductions - Chipotle Mexican Grill, Inc., Canadian Pacific Kansas City Li, Alphabet Inc., Hilton Worldwide Holdings Inc.

Complete Exits - Nike, 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 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