Pershing Square Holdco, L.P.
Pershing Square Holdco, L.P. is affiliated with Pershing Square Capital Management, a hedge fund based in New York City and founded in 2004 by Bill Ackman. The firm specializes in activist investments in large capitalization companies and principally serves institutional investors. It is known for operating both private hedge funds and the publicly listed closed-end vehicle Pershing Square Holdings, Ltd. The overall group employs approximately 84 professionals as of 2025 and manages significant assets primarily through concentrated, long-term equity positions in publicly traded companies.
Investment Strategy
Pershing Square employs a concentrated, research-driven, activist equity strategy, acquiring significant minority positions in large capitalization companies and seeking to maximize long-term intrinsic value through active engagement with company management. The firm is known for its deep fundamental analysis, willingness to take sizable positions, and efforts to influence corporate governance and strategic direction, often through public campaigns or proxy contests. Pershing Square's approach is to focus on a small number of high-conviction investments, seeking to generate outsized returns while managing risk through in-depth research and ongoing engagement.
Top Holdings
Equity Positions (1)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HHH | HOWARD HUGHES HOLDINGS INC | 100.00% | $607.50B | 9,000,000 | $67.50 | $67.50 | +$607.50B |