Pershing Square 13F, Q1 2025
Bill Ackman · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1336528
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | $2.21B | 18.5% | new |
| BROOKFIELD CORP | BN | $2.15B | 18.0% | new |
| RESTAURANT BRANDS INTL INC | QSR | $1.53B | 12.8% | new |
| HOWARD HUGHES HOLDINGS INC | HHH | $1.40B | 11.7% | new |
| CHIPOTLE MEXICAN GRILL INC | CMG | $1.08B | 9.1% | new |
| CANADIAN PACIFIC KANSAS CITY | CP | $1.04B | 8.7% | new |
| ALPHABET INC | GOOG | $988.00M | 8.3% | new |
| ALPHABET INC | GOOGL | $686.29M | 5.8% | new |
| HILTON WORLDWIDE HLDGS INC | HLT | $682.83M | 5.7% | new |
| SEAPORT ENTMT GROUP INC | SEG | $107.86M | 0.9% | new |
| HERTZ GLOBAL HLDGS INC | HTZ | $59.10M | 0.5% | +18% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Pershing Square opened 10 new positions, added to 1, trimmed 0, left 0 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-002315, filed by Pershing Square Capital Management, L.P.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.