Pershing Square

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Bill Ackman's Pershing Square reported 14 stock positions worth $19.5 billion. Its top holding was Uber Technologies (UBER) at 12.7% of the portfolio, followed by Brookfield (BN, 12.6%) and Microsoft (MSFT, 11.9%). Compared with Q1 2026, it opened 5 new positions, sold out of 2, added to 5 and reduced 3. The biggest buy was a new position in Visa Class A (V) and the biggest sale Amazon.com (AMZN, shares −25%).

Most Recent 13F
Q2 2026
Notable People
Bill Ackman
Location
NEW YORK, NY
CIK
0002026053
Portfolio Value
$19.5B (Q2 2026)
SEC Filing
0001172661-26-003790 ↗ filed Aug 14, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $10.8B Q1 2024 Q2 2024: $10.4B Q2 2024 Q3 2024: $12.9B Q3 2024 Q4 2024: $12.7B Q4 2024 Q1 2025: $11.9B Q1 2025 Q2 2025: $13.7B Q2 2025 Q3 2025: $14.6B Q3 2025 Q4 2025: $15.5B Q4 2025 Q1 2026: $13.7B Q1 2026 Q2 2026: $19.5B $19.5B Q2 2026

Holdings 14 stocks · $19.5B

UBER Uber Technologies Inc. 12.72% 34,326,200 $2.5B Add +14.6%
BN Brookfield Corp. 12.58% 57,481,047 $2.4B Reduce -3.7%
MSFT Microsoft Corp. 11.89% 6,206,730 $2.3B Add +9.8%
AMZN Amazon.com Inc. 10.49% 8,563,857 $2.0B Reduce -25.2%
HHH Howard Hughes Holdings Inc. 10.23% 27,852,064 $2.0B Add +47.7%
QSR Restaurant Brands Intern 9.62% 25,821,284 $1.9B Add +14.0%
META Meta Platforms Inc. Class A 9.25% 3,196,062 $1.8B Add +20.1%
V Visa Inc. Class A 5.76% 3,270,470 $1.1B New
MA Mastercard Inc. Class A 5.61% 2,124,646 $1.1B New
SPGI S&P Global Inc. 5.43% 2,593,155 $1.1B New
NFLX Netflix Inc. 4.80% 13,081,465 $934.0M New
PSUS Pershing Square USA Ltd. 0.77% 4,000,000 $149.5M New
SEG Seaport Entertainment Group 0.69% 5,023,780 $133.6M No change
HTZ Hertz Global Hldgs Inc. 0.17% 14,991,599 $34.0M Reduce -1.6%

Portfolio Sells Q1 2026 → Q2 2026

AMZN Amazon.com Inc. Reduce -25.2% 10.49% −6.91
BN Brookfield Corp. Reduce -3.7% 12.58% −5.04
GOOG Alphabet Inc. Class C Sold out 0.00% −0.65
HTZ Hertz Global Hldgs Inc. Reduce -1.6% 0.17% −0.34
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.07

Portfolio Buys Q1 2026 → Q2 2026

V Visa Inc. Class A New 5.76% +5.76
MA Mastercard Inc. Class A New 5.61% +5.61
SPGI S&P Global Inc. New 5.43% +5.43
NFLX Netflix Inc. New 4.80% +4.80
HHH Howard Hughes Holdings Inc. Add +47.7% 10.23% +1.53
PSUS Pershing Square USA Ltd. New 0.77% +0.77
META Meta Platforms Inc. Class A Add +20.1% 9.25% −1.85
QSR Restaurant Brands Intern Add +14.0% 9.62% −2.58
UBER Uber Technologies Inc. Add +14.6% 12.72% −2.99
MSFT Microsoft Corp. Add +9.8% 11.89% −3.37

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$19.5BUBER, BN, MSFT, AMZN, HHH
Q1 2026 11$13.7BBN, AMZN, UBER, MSFT, QSR
Q4 2025 11$15.5BBN, UBER, AMZN, GOOG, META
Q3 2025 11$14.6BUBER, BN, HHH, GOOG, QSR
Q2 2025 11$13.7BUBER, BN, QSR, AMZN, HHH
Q1 2025 11$11.9BUBER, BN, QSR, HHH, CMG
Q4 2024Amended 11$12.7BBN, QSR, CMG, HHH, GOOG
Q3 2024 10$12.9BBN, HLT, CMG, QSR, HHH
Q2 2024 9$10.4BHLT, CMG, QSR, GOOG, HHH
Q1 2024 7$10.8BCMG, HLT, QSR, GOOG, HHH