B
Bill Ackman
Pershing Square Capital Management, L.P. · Holdings as of Sep 30, 2025, filed by Nov 15, 2025 · US long stock positions only
A dozen concentrated activist bets at a time.
Reported value
$15B
11 positions shown
Copycat since 2016
3.92x
14% per year
vs SPY
ahead
SPY 3.57x same window
Top position
UBER
20% 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 2025
Symbol Value % of book vs prior quarter
UBER $3.0B
20%
unchanged
BN $2.8B
19%
unchanged
HHH $1.5B
11%
unchanged
GOOG $1.5B
11%
unchanged
QSR $1.5B
10%
unchanged
AMZN $1.3B
9%
unchanged
GOOGL $1.2B
8%
trimmed
CMG $844M
6%
unchanged
HLT $786M
5%
unchanged
SEG $115M
1%
unchanged
HTZ $104M
1%
unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.