B
Bill Ackman
Pershing Square Capital Management, L.P. · Holdings as of Mar 31, 2025, filed by May 16, 2025 · US long stock positions only
A dozen concentrated activist bets at a time.
Reported value
$12B
11 positions shown
Copycat since 2016
3.92x
14% per year
vs SPY
ahead
SPY 3.57x same window
Top position
UBER
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 · Mar 2025
Symbol Value % of book vs prior quarter
UBER $2.2B
19%
new
BN $2.1B
18%
added
QSR $1.5B
13%
unchanged
HHH $1.4B
12%
unchanged
CMG $1.1B
9%
trimmed
CP $1.0B
9%
unchanged
GOOG $988M
8%
trimmed
GOOGL $686M
6%
added
HLT $683M
6%
trimmed
SEG $108M
1%
unchanged
HTZ $59M
0%
added
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.