B
Bill Ackman
Pershing Square Capital Management, L.P. · Holdings as of Jun 30, 2023, filed by Aug 15, 2023 · US long stock positions only
A dozen concentrated activist bets at a time.
Reported value
$11B
8 positions shown
Copycat since 2016
3.92x
14% per year
vs SPY
ahead
SPY 3.57x same window
Top position
CMG
19% of book
Copying these filings vs SPY $1 at every deadline since 2016
Bill Ackman 3.92x
SPY 3.57x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
The book tile = share of the filed book · tap a tile for the ticker · Jun 2023
Symbol Value % of book vs prior quarter
CMG $2.0B
19%
trimmed
QSR $1.8B
17%
trimmed
LOW $1.7B
16%
trimmed
HLT $1.4B
13%
unchanged
HHH $1.3B
12%
added
CP $1.2B
11%
new
GOOG $1.1B
10%
added
GOOGL $262M
2%
unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.