Pershing Square 13F, Q2 2025
Bill Ackman · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1336528
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | $2.83B | 20.6% | unchanged |
| BROOKFIELD CORP | BN | $2.55B | 18.5% | unchanged |
| RESTAURANT BRANDS INTL INC | QSR | $1.52B | 11.1% | unchanged |
| AMAZON COM INC | AMZN | $1.28B | 9.3% | new |
| HOWARD HUGHES HOLDINGS INC | HHH | $1.27B | 9.3% | unchanged |
| CHIPOTLE MEXICAN GRILL INC | CMG | $1.21B | 8.8% | unchanged |
| ALPHABET INC | GOOG | $1.12B | 8.2% | unchanged |
| ALPHABET INC | GOOGL | $945.12M | 6.9% | +21% shares |
| HILTON WORLDWIDE HLDGS INC | HLT | $807.16M | 5.9% | unchanged |
| HERTZ GLOBAL HLDGS INC | HTZ | $104.10M | 0.8% | unchanged |
| SEAPORT ENTMT GROUP INC | SEG | $93.69M | 0.7% | unchanged |
What changed since Q1 2025
Against the Q1 2025 filing, Pershing Square opened 1 new position, added to 1, trimmed 0, left 9 unchanged and exited 1. 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 0001172661-25-003509, 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.