All superinvestors
PS

Pershing Square

Bill Ackman·activist·Concentrated / activist
PSH / PSHZF

~~16% since 2004

Portfolio value

$13.7B

Positions

11

Top 5 concentration

78%

New buys this quarter

1

Recent moves vs Dec 2025

$MSFTNew buy15.3%
$AMZNAdded17.4%
$GOOGTrimmed0.7%
$GOOGLTrimmed0.1%
$HLTSold out

Holdings

StockMove% of portfolioValue
$BN

BROOKFIELD CORP

Held
17.6%
$2.4B
$AMZN

AMAZON COM INC

Added
17.4%
$2.4B
$UBER

UBER TECHNOLOGIES INC

Held
15.7%
$2.2B
$MSFT

MICROSOFT CORP

New buy
15.3%
$2.1B
$QSR

RESTAURANT BRANDS INTL INC

Held
12.2%
$1.7B
$META

META PLATFORMS INC

Held
11.1%
$1.5B
$HHH

HOWARD HUGHES HOLDINGS INC

Held
8.7%
$1.2B
$SEG

SEAPORT ENTMT GROUP INC

Held
0.8%
$108M
$GOOG

ALPHABET INC

Trimmed
0.7%
$89M
$HTZ

HERTZ GLOBAL HLDGS INC

Held
0.5%
$70M
$GOOGL

ALPHABET INC

Trimmed
0.1%
$9M

Notable sell-outs this quarter: $HLT

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.