Institutional portfolio intelligence
Pershing Square Portfolio: Q1 2026 13F Holdings
11 active positions with $13.7B in reported quarter-end value. The top five positions account for 78.2% of this filing, led by BN.
13F-HR · CIK 0001336528 · May 15, 2026Open filing on SEC EDGAR ↗
Historical filing data, not live positions.Snapshot generated Sep 12, 2026 from SEC EDGAR 13F-HR information tables. 13F reports can arrive up to 45 days after quarter-end and omit many asset types.
01
Portfolio Snapshot
Total reported value$13.7B
Active holdings11
Top 5 concentration78.2%
Top 10 concentration99.9%
New positions1
Full exits1
02
Quarterly Takeaways
03
Top Holdings
Ranked by reported quarter-end market value
BNBROOKFIELD CORP
17.62%$2.4BAMZNAMAZON COM INC
17.39%$2.4BUBERUBER TECHNOLOGIES INC
15.71%$2.2BMSFTMICROSOFT CORP
15.26%$2.1BQSRRESTAURANT BRANDS INTL INC
12.20%$1.7BMETAMETA PLATFORMS INC
11.10%$1.5BHHHHOWARD HUGHES HOLDINGS INC
8.70%$1.2BSEAPORT ENTMT GROUP INCSEAPORT ENTMT GROUP INC
0.79%$107.9MGOOGALPHABET INC
0.65%$89.4MHTZHERTZ GLOBAL HLDGS INC
0.51%$70.3M04
Position Changes
05
Full Holdings Table
Compare every reported position by shares, market value, quarter-end implied price, portfolio weight, and quarterly change. Implied price is calculated from the filing and is not the manager's purchase cost.
| Ticker | Company / class | Shares | Market value | Quarter-end implied price | Portfolio weight | Shares change | Weight change | Status |
|---|---|---|---|---|---|---|---|---|
| BN11271J107 | BROOKFIELD CORPCL A LTD VT SH | 59.7M | $2.4B | $40.47 | 17.62% | -2.8% | -0.5% | Reduced |
| AMZN023135106 | AMAZON COM INCCOM | 11.5M | $2.4B | $208.27 | 17.39% | +19.2% | +3.1% | Increased |
| UBER90353T100 | UBER TECHNOLOGIES INCCOM | 30M | $2.2B | $71.93 | 15.71% | -0.8% | -0.2% | Reduced |
| MSFT594918104 | MICROSOFT CORPCOM | 5.7M | $2.1B | $370.17 | 15.26% | New | +15.3% | New |
| QSR76131D103 | RESTAURANT BRANDS INTL INCCOM | 22.6M | $1.7B | $73.90 | 12.20% | -1.0% | +2.2% | Reduced |
| META30303M102 | META PLATFORMS INCCL A | 2.7M | $1.5B | $572.13 | 11.10% | -0.5% | -0.3% | Reduced |
| HHH44267T102 | HOWARD HUGHES HOLDINGS INCCOM | 18.9M | $1.2B | $63.26 | 8.70% | 0.0% | -1.0% | Unchanged |
| —812215200 | SEAPORT ENTMT GROUP INCCOMMON STOCK | 5M | $107.9M | $21.48 | 0.79% | 0.0% | +0.1% | Unchanged |
| GOOG02079K107 | ALPHABET INCCAP STK CL C | 311,726 | $89.4M | $286.86 | 0.65% | -94.9% | -11.8% | Reduced |
| HTZ42806J700 | HERTZ GLOBAL HLDGS INCCOM NEW | 15.2M | $70.3M | $4.61 | 0.51% | 0.0% | +0.0% | Unchanged |
| GOOGL02079K305 | ALPHABET INCCAP STK CL A | 32,376 | $9.3M | $287.56 | 0.07% | -95.2% | -1.3% | Reduced |
| HLT43300A203 | HILTON WORLDWIDE HLDGS INCCOM | 0 | $870M | $287.25 | 0.00% | -100.0% | -5.6% | Sold out |
06
Portfolio Allocation
Classification coverage99.2%
Allocation is grouped using the available issuer classification in the filing snapshot.
Consumer Discretionary29.6%
$4.1BFinancials17.6%
$2.4BIndustrials16.2%
$2.2BInformation Technology15.3%
$2.1BCommunication Services11.8%
$1.6BReal Estate8.7%
$1.2BOther / unclassified0.8%
$107.9M07
Historical Trends
Reported values are quarter-end 13F values, not live portfolio values.
Q1 2026May 15, 2026
$13.7B11 positionsQ4 2025Feb 17, 2026
$15.5B11 positionsQ3 2025Nov 14, 2025
$14.6B11 positionsQ2 2025Aug 14, 2025
$13.7B11 positionsQ1 2025May 15, 2025
$11.9B11 positions08
Similar Investors
Ranked by overlap in currently reported CUSIPs.
09
Investor Profile
- Manager
- Bill Ackman
- CIK
- 0001336528
- Investment approach
- Concentrated portfolio, platform companies, consumer services.
10
Frequently Asked Questions
What is Pershing Square's largest reported holding?
BN is the largest active reported position at 17.6% of the portfolio, with a reported value of $2.4B.
Which position did Pershing Square increase most?
AMZN was the largest increased position by current reported value at $2.4B.
Which position did Pershing Square reduce or exit most significantly?
BN was the largest reduction or exit by prior-quarter reported value at $2.8B.
What new positions did Pershing Square open this quarter?
Pershing Square opened 1 new reported position; the largest was MSFT at $2.1B.
How concentrated is Pershing Square's reported portfolio?
The five largest positions represent 78.2% of reported portfolio value.
Which sector is most important in Pershing Square's portfolio?
Consumer Discretionary is the largest classified allocation at 29.6% of reported value. Unclassified issuers may affect this estimate.
Does Pershing Square's 13F show its entire concentrated portfolio?
No. It shows reportable US-listed long positions, but it may omit derivatives, hedges, foreign securities, cash, and other exposures used in Pershing Square's strategy.
11
Source and Methodology
- CIK
- 0001336528
- SEC accession
- 0001172661-26-002336
- Quarter
- 2026-03-31
- Filing date
- May 15, 2026
- Classification coverage
- 99.2%
13F filings are historical and delayed. Values may change because of trading, market-price movement, or differences in filing coverage.
Original SEC filing ↗