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

As of Mar 31, 2026, the Pershing Square Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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