Bill Ackman Q4 2025 Portfolio Analysis: Major Increases in Amazon, Alphabet, and Brookfield Corp

Bill Ackman's Pershing Square Capital Management portfolio, as of December 31, 2025, showed notable shifts in its top holdings, reflecting strategic buying and selling activities during the quarter. The analysis of the disclosed top holdings reveals a mix of substantial increases, a new position, and a complete exit.

The most significant move was a nearly 50% increase in shares of Brookfield Corp (BN), which now accounts for approximately 18% of the total portfolio value. Ackman also initiated a new position in Alphabet Inc. (GOOG), acquiring shares that now represent about 1.37% of the portfolio. This acquisition, coupled with a substantial increase in Amazon (AMZN) shares (a 65% rise), contributed to Amazon's allocation growing to 14.28% of the portfolio.

Conversely, the position in Google (GOOGL) was completely liquidated during the quarter, marking a full exit from this stock. Other holdings like Uber (UBER) and Hilton Worldwide (HLT) saw minor reductions, while Restaurant Brands International (QSR) experienced a slight decrease in its percentage allocation, though not a full exit.

For a more detailed look at Bill Ackman's investment strategies and holdings, you can visit his profile on Insiderset. Detailed information on the specific stocks discussed, such as Amazon, Alphabet, and Brookfield Corp, is available through their respective pages on Insiderset.