B
Bill Ackman
Pershing Square Capital Management, L.P. · Holdings as of Sep 30, 2023, filed by Nov 15, 2023 · US long stock positions only
A dozen concentrated activist bets at a time.
Reported value
$10B
8 positions shown
Copycat since 2016
3.92x
14% per year
vs SPY
ahead
SPY 3.57x same window
Top position
CMG
17% 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 · Sep 2023
Symbol Value % of book vs prior quarter
CMG $1.7B
17%
unchanged
QSR $1.6B
15%
unchanged
HLT $1.5B
15%
added
LOW $1.5B
14%
trimmed
HHH $1.2B
12%
new
GOOG $1.2B
12%
unchanged
CP $1.1B
11%
unchanged
GOOGL $570M
5%
added
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.