Bill Ackman - Pershing Square Capital Management 13F Activity & Position Changes (Q3 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