Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P. reported 11 US-listed holdings worth $13.71 billion in its 13F for the quarter ended 31 March 2026, filed 15 May 2026. Its largest: Brookfield Corporation (17.6%), Amazon.com Inc. (17.4%) and Uber Technologies, Inc. (15.7%). Against the quarter before, it opened 1 position, added to 1, trimmed 6 and sold out of 1.
From the quarter ended 30 June 2026, its holdings are reported in Pershing Square Inc.'s 13F; this page shows its own last report.
The 11 largest of its 11 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q4 2025.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -3.7% over the 6 quarters to 31 March 2026, against +13.3% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 December 2025; a change under 0.1% of a position counts as held
Opened 1
- Microsoft Corp. MSFT$2.09 billion
Added to 1
- Amazon.com Inc. AMZN+1.8 million shares · +19%
Trimmed 6
- Alphabet Inc. GOOG-5.9 million shares · -95%
- Alphabet Inc. GOOGL-645,921 shares · -95%
- Brookfield Corporation BN-1.7 million shares · -3%
- Uber Technologies, Inc. UBER-248,963 shares · -1%
- Restaurant Brands Intl Inc. QSR-221,290 shares · -1%
- Meta Platforms, Inc. META-12,708 shares · -0%
Sold out of 1
- Hilton Worldwide Holdings Inc. HLT$870.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Brookfield Corporation BN | 59.7M | $2.42 billion | 17.62% | -1.7M |
| Amazon.com Inc. AMZN | 11.5M | $2.39 billion | 17.39% | +1.8M |
| Uber Technologies, Inc. UBER | 30.0M | $2.15 billion | 15.71% | -249.0K |
| Microsoft Corp. MSFT | 5.7M | $2.09 billion | 15.26% | new |
| Restaurant Brands Intl Inc. QSR | 22.6M | $1.67 billion | 12.20% | -221.3K |
| Meta Platforms, Inc. META | 2.7M | $1.52 billion | 11.10% | -12.7K |
| Howard Hughes Holdings Inc. HHH | 18.9M | $1.19 billion | 8.70% | no change |
| Seaport Entertainment Group In SEG | 5.0M | $107.9 million | 0.79% | no change |
| Alphabet Inc. GOOG | 311.7K | $89.4 million | 0.65% | -5.9M |
| Hertz Global Hldgs Inc. HTZ | 15.2M | $70.3 million | 0.51% | no change |
| Alphabet Inc. GOOGL | 32.4K | $9.3 million | 0.07% | -645.9K |