B
Bill Ackman
Pershing Square Capital Management, L.P. · Holdings as of Dec 31, 2024, filed by Feb 15, 2025 · US long stock positions only
A dozen concentrated activist bets at a time.
Reported value
$13B
11 positions shown
Copycat since 2016
3.92x
14% per year
vs SPY
ahead
SPY 3.57x same window
Top position
BN
16% 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 · Dec 2024
Symbol Value % of book vs prior quarter
BN $2.0B
16%
added
QSR $1.5B
12%
unchanged
CMG $1.5B
12%
trimmed
HHH $1.5B
11%
unchanged
GOOG $1.4B
11%
unchanged
NKE $1.4B
11%
added
HLT $1.3B
11%
trimmed
CP $1.1B
9%
unchanged
GOOGL $755M
6%
unchanged
SEG $140M
1%
added
HTZ $47M
0%
new
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.