Pershing Square Capital Management, L.P.
Reported value
$13.7B-11.7 % vs prior
Positions
11+0 vs prior
Top-10 concentration
100 %
of latest filing
New / Exit
1 / 1
vs prior quarter
Last filed
May 15, 2026
period Q1 2026
Reported value by quarter
Top holdings
Largest positions
| # | Ticker | Weight | Value |
|---|---|---|---|
| 1 | BN | 17.6 % | $2.4B |
| 2 | AMZN | 17.4 % | $2.4B |
| 3 | UBER | 15.7 % | $2.2B |
| 4 | MSFT | 15.3 % | $2.1B |
| 5 | QSR | 12.2 % | $1.7B |
| 6 | META | 11.1 % | $1.5B |
| 7 | HHH | 8.7 % | $1.2B |
| 8 | HLT | 0.0 % | $0 |
Holdings — Q1 2026
Sorted by size. Change vs prior filing (Q4 2025) .
| Change | Ticker | Issuer | Weight | Prev | Δ | Value | Shares |
|---|---|---|---|---|---|---|---|
| TRIM | BN | BROOKFIELD CORP | 17.6 % | 18.1 % | -0.5 pp | $2.4B | 59,697,208 |
| ADD | AMZN | AMAZON COM INC | 17.4 % | 14.3 % | +3.1 pp | $2.4B | 11,451,981 |
| HELD | UBER | UBER TECHNOLOGIES INC | 15.7 % | 15.9 % | -0.2 pp | $2.2B | 29,958,771 |
| NEW | MSFT | MICROSOFT CORP | 15.3 % | — | NEW | $2.1B | 5,654,078 |
| ADD | QSR | RESTAURANT BRANDS INTL INC | 12.2 % | 10.0 % | +2.2 pp | $1.7B | 22,645,483 |
| HELD | META | META PLATFORMS INC | 11.1 % | 11.4 % | -0.3 pp | $1.5B | 2,660,861 |
| TRIM | HHH | HOWARD HUGHES HOLDINGS INC | 8.7 % | 9.7 % | -1.0 pp | $1.2B | 18,852,064 |
| EXIT | HLT | HILTON WORLDWIDE HLDGS INC | — | 5.6 % | -5.6 % | — | — |
| HELD | SEG | SEAPORT ENTMT GROUP INC | 0.8 % | 0.6 % | +0.1 pp | $107.9M | 5,023,780 |
| TRIM | GOOG | ALPHABET INC | 0.7 % | 12.5 % | -11.8 pp | $89.4M | 311,726 |
| HELD | HTZ | HERTZ GLOBAL HLDGS INC | 0.5 % | 0.5 % | +0.0 pp | $70.3M | 15,241,127 |
| TRIM | GOOGL | ALPHABET INC | 0.1 % | 1.4 % | -1.3 pp | $9.3M | 32,376 |
Filing history
| Quarter | Reported value | Positions | Filed | Form |
|---|---|---|---|---|
| Q1 2026 | $13.7B | 11 | 2026-05-15 | 13F-HR |
| Q4 2025 | $15.5B | 11 | 2026-02-17 | 13F-HR |
| Q3 2025 | $14.6B | 11 | 2025-11-14 | 13F-HR |
| Q2 2025 | $13.7B | 11 | 2025-08-14 | 13F-HR |
| Q1 2025 | $11.9B | 11 | 2025-05-15 | 13F-HR |
| Q4 2024 | $46.5M | 1 | 2025-04-16 | 13F-HR/A |
| Q4 2024 | $12.6B | 10 | 2025-02-14 | 13F-HR |
| Q3 2024 | $12.9B | 11 | 2024-11-14 | 13F-HR |
| Q2 2024 | $10.4B | 9 | 2024-08-14 | 13F-HR |
| Q1 2024 | $10.8B | 7 | 2024-05-15 | 13F-HR |
| Q4 2023 | $10.4B | 8 | 2024-02-14 | 13F-HR |
| Q3 2023 | $10.5B | 8 | 2023-11-14 | 13F-HR |
| Q2 2023 | $10.8B | 8 | 2023-08-14 | 13F-HR |
| Q1 2023 | $10.2B | 8 | 2023-05-15 | 13F-HR |
| Q4 2022 | $8.8B | 6 | 2023-02-13 | 13F-HR |
| Q3 2022 | $7.9B | 6 | 2022-11-14 | 13F-HR |
| Q2 2022 | $7.5B | 7 | 2022-08-15 | 13F-HR |
| Q1 2022 | $10.4B | 8 | 2022-05-16 | 13F-HR |
| Q4 2021 | $202.4M | 1 | 2022-03-07 | 13F-HR/A |
Reported as of quarter end, filed up to ~45 days later, not live positions. Values are as reported in the filing (not marked to today’s prices).