You're signed outSign in or to get full access.
Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P. is a hedge fund headquartered in New York, NY. Founded in 2004 by Bill Ackman, it is known for its activist investing strategy and primarily manages assets for institutional investors, high-net-worth individuals, pension funds, endowments, and sovereign wealth funds. The firm employs a team of investment professionals, with the employee count estimated to be between 30 and 50. Pershing Square oversees multiple investment funds with total assets under management approaching $17 billion as of recent filings. The company is recognized for its concentrated portfolio approach and history of activist positions in major corporations.
Investment Strategy
Pershing Square Capital Management employs a concentrated, value-oriented investment strategy focused on acquiring significant (but generally non-controlling) positions in a limited number of large capitalization companies, mainly in North America. The firm emphasizes high-quality businesses with predictable cash flows and limited downside risk, often utilizing activist tactics to catalyze improvements in management, operations, and governance that drive long-term shareholder value. Pershing Square typically holds 8 to 12 core investments and may engage in selective hedging to mitigate market risk or create asymmetric upside opportunities. The firm generally adds only one to three new core positions each year, prioritizing deep diligence and risk management.
Latest 13F Filing Activity
Pershing Square Capital Management, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 11 equity positions with a total 13F market value of $14B. The fund increased holdings in Amazon Com Inc., Uber Technologies Inc., Brookfield Corp. among other positions. Pershing Square Capital Management, L.P. reduced exposure to Canadian Pacific Kansas City, Howard Hughes Holdings Inc., Seaport Entmt Group Inc. among others.
Top Holdings
Equity Positions (11)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U UBER | UBER TECHNOLOGIES INC | 20.59% | $2.83B | 30,301,161 | $72.86 | $93.30 | +$619.4M |
B BN | BROOKFIELD CORP | 18.54% | $2.55B | 41,160,397 | $51.26 | $61.85 | +$396.7M |
Q QSR | RESTAURANT BRANDS INTL INC | 11.11% | $1.52B | 23,000,914 | $45.54 | $66.29 | -$8.1M |
A AMZN | AMAZON COM INC | 9.31% | $1.28B | 5,823,316 | $219.39 | $219.39 | +$1.28B |
H HHH | HOWARD HUGHES HOLDINGS INC | 9.27% | $1.27B | 18,852,064 | $71.81 | $67.50 | -$124.0M |
Industry Allocation
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more