Pershing Square

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Bill Ackman's Pershing Square reported 7 stock positions worth $10.8 billion. Its top holding was Chipotle Mexican Grill (CMG) at 20.1% of the portfolio, followed by Hilton Worldwide (HLT, 18.2%) and Restaurant Brands Intern (QSR, 17.2%). Compared with Q4 2023, it sold out of 1 and reduced 1. The biggest sale was an exit from Lowe's Cos (LOW).

Most Recent 13F
Q2 2026
Notable People
Bill Ackman
Location
NEW YORK, NY
CIK
0002026053
Portfolio Value
$10.8B (Q1 2024)
SEC Filing
0001172661-24-002519 ↗ filed May 15, 2024

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $10.8B $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 Q2 2026

Holdings 7 stocks · $10.8B

CMG Chipotle Mexican Grill Inc. 20.10% 743,984 $2.2B Reduce -9.8%
HLT Hilton Worldwide Holdings Inc. 18.20% 9,181,180 $2.0B No change
QSR Restaurant Brands Intern 17.24% 23,348,135 $1.9B No change
GOOG Alphabet Inc. Class C 13.27% 9,377,195 $1.4B No change
HHH Howard Hughes Holdings Inc. 12.72% 18,852,064 $1.4B No change
CP Canadian Pacific Kansas City 12.37% 15,095,528 $1.3B No change
GOOGL Alphabet Inc. Class A 6.11% 4,354,824 $657.3M No change

Portfolio Sells Q4 2023 → Q1 2024

LOW Lowe's Cos Inc. Sold out 0.00% −2.67
CMG Chipotle Mexican Grill Inc. Reduce -9.8% 20.10% +1.95

Portfolio Buys Q4 2023 → Q1 2024

None this quarter.

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