Pershing Square Capital Management, L.P.

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Pershing Square Capital Management, L.P. maintained a portfolio of 12 distinct positions. The most significant new addition to the portfolio was MICROSOFT CORP, which now represents 15.26% of the total fund value. They heavily accumulated shares in AMAZON COM INC, increasing their position by 19.2%. Conversely, Pershing Square Capital Management, L.P. completely exited their position in HILTON WORLDWIDE HLD.
PCA Score Concentration Risk
Risk ENB
Total Positions
12
Quarter
2026 Q1
Top Holding
BN (17.6%)
Top 10 Concentration
99.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-12 of 12
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BN
BROOKFIELD CORP
Financial Services 17.62% 18.15% #1
Prev: #1
6.5 -1,705,881 -2.8%
P
S
59,697,208 $2,415,946,008 2024 Q2 13F Filing 2026-03-31 2026-05-15
AMZN
AMAZON COM INC
Consumer Cyclical 17.39% 14.28% #2 1
Prev: #3
7.5 1,844,157 19.2%
P
S
11,451,981 $2,385,104,083 2025 Q2 13F Filing 2026-03-31 2026-05-15
UBER
UBER TECHNOLOGI...
Technology 15.71% 15.90% #3 1
Prev: #2
5.5 -248,963 -0.8%
P
S
29,958,771 $2,154,934,398 2025 Q1 13F Filing 2026-03-31 2026-05-15
MSFT
MICROSOFT CORP
Technology 15.26% #4
Prev: #—
8.0 5,654,078 no change
NEW
5,654,078 $2,092,970,053 2026 Q1 13F Filing 2026-03-31 2026-05-15
QSR
RESTAURANT BRAN...
Consumer Cyclical 12.20% 10.05% #5 1
Prev: #6
5.0 -221,290 -1.0%
P
S
22,645,483 $1,673,501,194 2014 Q4 13F Filing 2026-03-31 2026-05-15
META
META PLATFORMS ...
Communication Services 11.10% 11.37% #6 1
Prev: #5
4.5 -12,708 -0.5%
P
S
2,660,861 $1,522,358,404 2025 Q4 13F Filing 2026-03-31 2026-05-15
HHH
HOWARD HUGHES H...
Real Estate 8.70% 9.69% #7
Prev: #7
4.5 no change no change
P
S
18,852,064 $1,192,581,569 2023 Q3 13F Filing 2026-03-31 2026-05-15
SEG
SEAPORT ENTMT G...
Real Estate 0.79% 0.64% #8 2
Prev: #10
1.3 no change no change
P
S
5,023,780 $107,910,794 2024 Q3 13F Filing 2026-03-31 2026-05-15
GOOG
ALPHABET INC
Communication Services 0.65% 12.46% #9 5
Prev: #4
0.3 -5,852,145 -94.9%
P
S
311,726 $89,421,720 2023 Q1 13F Filing 2026-03-31 2026-05-15
HTZ
HERTZ GLOBAL HL...
Industrials 0.51% 0.50% #10 1
Prev: #11
1.2 no change no change
P
S
15,241,127 $70,261,595 2025 Q1 13F Filing 2026-03-31 2026-05-15
GOOGL
ALPHABET INC
Communication Services 0.07% 1.37% #11 2
Prev: #9
0.0 -645,921 -95.2%
P
S
32,376 $9,310,043 2023 Q1 13F Filing 2026-03-31 2026-05-15
HLT
HILTON WORLDWID...
Consumer Cyclical 0.00% 5.60%
Sold All 😨
(Was: #8)
0.0 -3,028,664 -100.0%
CLOSED
$— 2005 Q4 13F Filing 2026-03-31 2026-05-15
Showing 1-12 of 12 holdings

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