Pershing Square

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Bill Ackman's Pershing Square reported 10 stock positions worth $12.9 billion. Its top holding was Brookfield (BN) at 13.5% of the portfolio, followed by Hilton Worldwide (HLT, 13.2%) and Chipotle Mexican Grill (CMG, 12.9%). Compared with Q2 2024, it added to 3 and reduced 3. The biggest buy was Brookfield (BN, shares +378%) and the biggest sale Hilton Worldwide (HLT, shares −18%).

Most Recent 13F
Q2 2026
Notable People
Bill Ackman
Location
NEW YORK, NY
CIK
0002026053
Portfolio Value
$12.9B (Q3 2024)
SEC Filing
0001172661-24-005218 ↗ filed Nov 14, 2024

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 $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 10 stocks · $12.9B
BN Brookfield Corp. 13.48% 32,735,883 $1.7B Add +377.6%
HLT Hilton Worldwide Holdings Inc. 13.16% 7,370,168 $1.7B Reduce -17.7%
CMG Chipotle Mexican Grill Inc. 12.86% 28,815,165 $1.7B No change
QSR Restaurant Brands Intern 12.85% 23,000,914 $1.7B Reduce -0.6%
HHH Howard Hughes Holdings Inc. 11.31% 18,852,064 $1.5B No change
NKE Nike Inc. Class B 11.15% 16,280,338 $1.4B Add +435.5%
CP Canadian Pacific Kansas City 9.86% 14,877,651 $1.3B Reduce -0.6%
GOOG Alphabet Inc. Class C 9.77% 7,547,582 $1.3B No change
GOOGL Alphabet Inc. Class A 5.12% 3,986,488 $661.2M No change
SEG Seaport Entertainment Group 0.44% 2,094,673 $57.4M Add +0.1%
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.2M (not counted above)
SecurityClassShares / PrincipalValueChange
SEAPORT ENTERTAINMENT GR-RTS RIGHT 10/10/2024 2,094,673$6.2MNew

Total filed on the 13F, all lines: $12.9B.

Portfolio Sells Q2 2024 → Q3 2024
HLT Hilton Worldwide Holdings Inc. Reduce -17.7% 13.16% −5.60
QSR Restaurant Brands Intern Reduce -0.6% 12.85% −2.79
CP Canadian Pacific Kansas City Reduce -0.6% 9.86% −1.46

Portfolio Buys Q2 2024 → Q3 2024
BN Brookfield Corp. Add +377.6% 13.48% +10.74
NKE Nike Inc. Class B Add +435.5% 11.15% +8.95
SEG Seaport Entertainment Group Add +0.1% 0.44% −0.11

Notes & Other Activity Q2 2024 → Q3 2024
SEAPORT ENTERTAINMENT GR-RTS RIGHT 10/10/2024 New 2,094,673 $6.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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