Pershing Square
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Bill Ackman's Pershing Square reported 11 stock positions worth $13.7 billion. Its top holding was Uber Technologies (UBER) at 20.6% of the portfolio, followed by Brookfield (BN, 18.5%) and Restaurant Brands Intern (QSR, 11.1%). Compared with Q1 2025, it opened 1 new position, sold out of 1 and added to 4. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Canadian Pacific Kansas City (CP).
- Most Recent 13F
- Q2 2026
- Notable People
- Bill Ackman
- Location
- NEW YORK, NY
- CIK
- 0002026053
- Portfolio Value
- $13.7B (Q2 2025)
- SEC Filing
- 0001172661-25-003509 ↗ filed Aug 14, 2025
Holdings Value
Holdings 11 stocks · $13.7B
| UBER Uber Technologies Inc. | 20.59% | 30,301,161 | $2.8B | No change |
| BN Brookfield Corp. | 18.54% | 41,160,397 | $2.5B | Add +0.4% |
| QSR Restaurant Brands Intern | 11.11% | 23,000,914 | $1.5B | No change |
| AMZN Amazon.com Inc. | 9.31% | 5,823,316 | $1.3B | New |
| HHH Howard Hughes Holdings Inc. | 9.27% | 18,852,064 | $1.3B | No change |
| CMG Chipotle Mexican Grill Inc. | 8.81% | 21,541,177 | $1.2B | No change |
| GOOG Alphabet Inc. Class C | 8.17% | 6,324,031 | $1.1B | No change |
| GOOGL Alphabet Inc. Class A | 6.88% | 5,362,980 | $945.1M | Add +20.8% |
| HLT Hilton Worldwide Holdings Inc. | 5.88% | 3,030,578 | $807.2M | Add +1.0% |
| HTZ Hertz Global Hldgs Inc. | 0.76% | 15,241,127 | $104.1M | Add +1.6% |
| SEG Seaport Entertainment Group | 0.68% | 5,023,780 | $93.7M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −8.71 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $19.5B | UBER, BN, MSFT, AMZN, HHH |
| Q1 2026 | 11 | $13.7B | BN, AMZN, UBER, MSFT, QSR |
| Q4 2025 | 11 | $15.5B | BN, UBER, AMZN, GOOG, META |
| Q3 2025 | 11 | $14.6B | UBER, BN, HHH, GOOG, QSR |
| Q2 2025 | 11 | $13.7B | UBER, BN, QSR, AMZN, HHH |
| Q1 2025 | 11 | $11.9B | UBER, BN, QSR, HHH, CMG |
| Q4 2024Amended | 11 | $12.7B | BN, QSR, CMG, HHH, GOOG |
| Q3 2024 | 10 | $12.9B | BN, HLT, CMG, QSR, HHH |
| Q2 2024 | 9 | $10.4B | HLT, CMG, QSR, GOOG, HHH |
| Q1 2024 | 7 | $10.8B | CMG, HLT, QSR, GOOG, HHH |