Bill Ackman - Pershing Square Capital Management,
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    11
Portfolio value:    $13,714,299,861
Holdings Activity Buys Sells    History
History Stock Activity ▼ Share change % change to portfolio
Q1 2026
☰ META - Meta Platforms Inc. Reduce 0.48% 12,708 0.05
☰ UBER - Uber Technologies Inc. Reduce 0.82% 248,963 0.13
☰ QSR - Restaurant Brands International Inc. Reduce 0.97% 221,290 0.10
☰ BN - Brookfield Corp. Reduce 2.78% 1,705,881 0.50
☰ GOOG - Alphabet Inc. CL C Reduce 94.94% 5,852,145 11.83
☰ GOOGL - Alphabet Inc. Reduce 95.23% 645,921 1.30
☰ HLT - Hilton Worldwide Holdings Sell 100.00% 3,028,664 5.60
Q4 2025
☰ HLT - Hilton Worldwide Holdings Reduce 0.06% 1,914 0.00
☰ QSR - Restaurant Brands International Inc. Reduce 0.21% 48,723 0.02
☰ UBER - Uber Technologies Inc. Reduce 0.21% 62,784 0.04
☰ GOOG - Alphabet Inc. CL C Reduce 2.53% 160,160 0.27
☰ GOOGL - Alphabet Inc. Reduce 86.00% 4,165,676 6.91
☰ CMG - Chipotle Mexican Grill Inc Sell 100.00% 21,541,177 5.77
Q3 2025
☰ UBER - Uber Technologies Inc. Reduce 0.10% 30,643 0.02
☰ BN - Brookfield Corp. Reduce 0.34% 140,166 0.06
☰ QSR - Restaurant Brands International Inc. Reduce 0.37% 85,418 0.04
☰ GOOGL - Alphabet Inc. Reduce 9.68% 519,007 0.67
Q2 2025
☰ CP - Canadian Pacific Kansas City Ltd. Sell 100.00% 14,799,796 8.71
Q1 2025
☰ CP - Canadian Pacific Kansas City Ltd. Reduce 0.52% 77,855 0.04
☰ CMG - Chipotle Mexican Grill Inc Reduce 12.62% 3,112,356 1.49
☰ GOOG - Alphabet Inc. CL C Reduce 16.21% 1,223,551 1.85
☰ HLT - Hilton Worldwide Holdings Reduce 44.84% 2,439,776 4.78
☰ NKE - NIKE Inc. Sell 100.00% 18,768,946 11.26
Q4 2024
☰ CMG - Chipotle Mexican Grill Inc Reduce 14.44% 4,161,632 1.86
☰ HLT - Hilton Worldwide Holdings Reduce 26.18% 1,929,622 3.44
☰ SEG-R - Seaport Entmt Group Inc Sell 100.00% 2,094,673 0.05
Q3 2024
☰ CP - Canadian Pacific Kansas City Ltd. Reduce 0.59% 87,990 0.07
☰ QSR - Restaurant Brands International Inc. Reduce 0.61% 141,628 0.10
☰ HLT - Hilton Worldwide Holdings Reduce 17.67% 1,582,122 3.32
Q2 2024
☰ CP - Canadian Pacific Kansas City Ltd. Reduce 0.86% 129,887 0.11
☰ QSR - Restaurant Brands International Inc. Reduce 0.88% 205,593 0.15
☰ HLT - Hilton Worldwide Holdings Reduce 2.49% 228,890 0.45
☰ GOOGL - Alphabet Inc. Reduce 8.46% 368,336 0.52
☰ GOOG - Alphabet Inc. CL C Reduce 19.51% 1,829,613 2.59
Q1 2024
☰ CMG - Chipotle Mexican Grill Inc Reduce 9.82% 81,014 1.78
☰ LOW - Lowe's Cos. Sell 100.00% 1,245,515 2.67
Q4 2023
☰ HLT - Hilton Worldwide Holdings Reduce 10.91% 1,124,320 1.61
☰ CMG - Chipotle Mexican Grill Inc Reduce 13.49% 128,610 2.25
☰ LOW - Lowe's Cos. Reduce 82.37% 5,821,108 11.53
Q3 2023
☰ LOW - Lowe's Cos. Reduce 5.39% 402,227 0.84
☰ HHC - Howard Hughes Corp Sell 100.00% 16,570,228 12.09
Q2 2023
☰ QSR - Restaurant Brands International Inc. Reduce 3.50% 846,031 0.63
☰ CMG - Chipotle Mexican Grill Inc Reduce 7.34% 75,578 1.43
☰ LOW - Lowe's Cos. Reduce 25.58% 2,567,264 5.68
Q1 2023
☰ LOW - Lowe's Cos. Reduce 3.26% 338,687 0.88
☰ CMG - Chipotle Mexican Grill Inc Reduce 6.88% 76,022 1.38
☰ HLT - Hilton Worldwide Holdings Reduce 7.30% 732,539 1.21
Q3 2022
☰ DPZ - Dominos Pizza Inc. Sell 100.00% 2,061,312 11.07
Q2 2022
☰ QSR - Restaurant Brands International Inc. Reduce 0.18% 41,990 0.02
☰ DPZ - Dominos Pizza Inc. Reduce 0.32% 6,719 0.03
☰ HLT - Hilton Worldwide Holdings Reduce 0.44% 43,685 0.07
☰ CMG - Chipotle Mexican Grill Inc Reduce 0.85% 9,517 0.15
☰ NFLX - Netflix Inc. Sell 100.00% 3,109,965 11.48
Q1 2022
☰ LOW - Lowe's Cos. Reduce 0.28% 29,165 0.07
☰ QSR - Restaurant Brands International Inc. Reduce 0.30% 72,617 0.04
☰ DPZ - Dominos Pizza Inc. Reduce 1.16% 24,171 0.13
☰ HLT - Hilton Worldwide Holdings Reduce 20.98% 2,642,049 3.90
Q4 2021
☰ HLT - Hilton Worldwide Holdings Reduce 2.26% 291,018 0.41
Q3 2021
☰ A - Agilent Technologies Sell 100.00% 11,695,838 16.14
Q2 2021
☰ A - Agilent Technologies Reduce 0.92% 108,698 0.13
☰ HLT - Hilton Worldwide Holdings Reduce 0.92% 118,589 0.14
☰ QSR - Restaurant Brands International Inc. Reduce 0.96% 229,735 0.14
☰ LOW - Lowe's Cos. Reduce 15.20% 1,817,795 3.30
Q1 2021
☰ LOW - Lowe's Cos. Reduce 3.47% 429,272 0.69
☰ A - Agilent Technologies Reduce 3.53% 431,571 0.51
☰ HLT - Hilton Worldwide Holdings Reduce 3.53% 471,570 0.52
☰ QSR - Restaurant Brands International Inc. Reduce 4.44% 1,111,875 0.68
☰ CMG - Chipotle Mexican Grill Inc Reduce 6.47% 75,096 1.04
☰ SBUX - Starbucks Corp. Sell 100.00% 10,070,042 10.77
Q4 2020
☰ A - Agilent Technologies Reduce 0.10% 12,407 0.01
☰ HLT - Hilton Worldwide Holdings Reduce 0.10% 12,805 0.01
☰ LOW - Lowe's Cos. Reduce 0.17% 20,490 0.04
☰ QSR - Restaurant Brands International Inc. Reduce 0.32% 80,489 0.05
☰ SBUX - Starbucks Corp. Reduce 0.60% 60,966 0.06
Q3 2020
☰ LOW - Lowe's Cos. Reduce 2.37% 300,776 0.52
☰ A - Agilent Technologies Reduce 2.99% 378,079 0.43
☰ HLT - Hilton Worldwide Holdings Reduce 3.09% 426,578 0.40
Q2 2020
☰ HHC - Howard Hughes Corp Reduce 10.49% 1,279,381 0.98
☰ BRK.B - Berkshire Hathaway CL B Sell 100.00% 5,453,360 15.17
☰ BX - Blackstone Group Sell 100.00% 548,526 0.38
☰ PK - Park Hotels & Resorts Inc. Sell 100.00% 677,888 0.08
Q1 2020
☰ CMG - Chipotle Mexican Grill Inc Reduce 32.66% 563,078 7.19
Q4 2019
☰ SBUX - Starbucks Corp. Reduce 41.40% 3,855,936 5.44
Q3 2019
☰ LOW - Lowe's Cos. Reduce 3.23% 287,323 0.43
☰ CMG - Chipotle Mexican Grill Inc Reduce 3.28% 58,400 0.64
☰ QSR - Restaurant Brands International Inc. Reduce 3.56% 556,761 0.58
☰ HLT - Hilton Worldwide Holdings Reduce 3.73% 409,446 0.60
☰ ADP - Automatic Data Processing Inc. Sell 100.00% 4,029,526 9.93
Q2 2019
☰ CMG - Chipotle Mexican Grill Inc Reduce 4.29% 80,000 0.85
☰ LOW - Lowe's Cos. Reduce 4.45% 414,498 0.68
☰ SBUX - Starbucks Corp. Reduce 6.81% 680,159 0.75
☰ QSR - Restaurant Brands International Inc. Reduce 14.73% 2,701,638 2.62
☰ UTX - United Technologies Corp Sell 100.00% 5,819,203 11.17
Q1 2019
☰ ADP - Automatic Data Processing Inc. Reduce 1.00% 40,600 0.10
☰ LOW - Lowe's Cos. Reduce 2.32% 221,558 0.37
☰ HHC - Howard Hughes Corp Reduce 3.14% 38,796 0.07
☰ CMG - Chipotle Mexican Grill Inc Reduce 4.02% 78,089 0.61
☰ QSR - Restaurant Brands International Inc. Reduce 6.82% 1,342,899 1.27
☰ SBUX - Starbucks Corp. Reduce 14.98% 1,760,392 2.05
Q4 2018
☰ QSR - Restaurant Brands International Inc. Reduce 5.56% 1,158,317 1.46
☰ CMG - Chipotle Mexican Grill Inc Reduce 5.75% 118,307 1.14
☰ HHC - Howard Hughes Corp Reduce 42.17% 899,647 2.37
Q3 2018
☰ HHC - Howard Hughes Corp Reduce 3.23% 71,298 0.18
☰ ADP - Automatic Data Processing Inc. Reduce 4.64% 195,938 0.49
☰ CMG - Chipotle Mexican Grill Inc Reduce 28.56% 823,357 6.66
☰ MDLZ - Mondelez International Sell 100.00% 16,371,713 12.58
Q2 2018
☰ QSR - Restaurant Brands International Inc. Reduce 14.29% 3,476,376 4.45
☰ ADP - Automatic Data Processing Inc. Reduce 46.80% 3,716,592 9.50
Q1 2018
☰ QSR - Restaurant Brands International Inc. Reduce 8.23% 2,180,434 2.45
☰ ADP - Automatic Data Processing Inc. Reduce 9.73% 856,485 1.83
☰ MDLZ - Mondelez International Reduce 30.53% 7,099,811 5.55
☰ HHC - Howard Hughes Corp Reduce 53.14% 2,500,000 6.00
☰ NKE - NIKE Inc. Sell 100.00% 5,836,020 6.67
Q3 2017
☰ MDLZ - Mondelez International Reduce 3.92% 568,780 0.45
☰ QSR - Restaurant Brands International Inc. Reduce 32.31% 12,649,822 14.38
☰ NOMD - Nomad Foods Ltd Sell 100.00% 33,333,334 8.55
Q2 2017
☰ MDLZ - Mondelez International Reduce 27.31% 5,446,000 4.32
☰ APD - Air Products & Chemicals Sell 100.00% 2,280,138 5.68
Q1 2017
☰ MDLZ - Mondelez International Reduce 13.08% 3,000,000 2.53
☰ APD - Air Products & Chemicals Reduce 41.09% 1,590,622 4.36
Q4 2016
☰ APD - Air Products & Chemicals Reduce 3.84% 154,380 0.51
☰ ZTS - Zoetis Inc. Sell 100.00% 2,717,719 3.12
Q3 2016
☰ APD - Air Products & Chemicals Reduce 47.05% 3,576,000 9.35
☰ ZTS - Zoetis Inc. Reduce 87.16% 18,455,469 16.13
Q2 2016
☰ ZTS - Zoetis Inc. Reduce 49.37% 20,649,957 15.09
Q1 2016
☰ MDLZ - Mondelez International Reduce 47.10% 20,424,117 10.84
☰ APD - Air Products & Chemicals Reduce 63.01% 12,947,936 19.95
Q2 2015
☰ ACT-W - Actavis Plc Sell 100.00% 1,348,358 5.38
Q1 2015
☰ AG4 - Allergan Inc Sell 100.00% 26,635,978 45.80
Q4 2014
☰ AG4 - Allergan Inc Reduce 7.77% 2,242,560 4.12
☰ BKW - Burger King Worldwide Inc Sell 100.00% 38,387,865 11.74
Q2 2014
☰ BJM - Beam Inc Sell 100.00% 11,668,545 19.25
☰ HME - Home Properties Inc Sell 100.00% 473,778 0.56
Q1 2014
☰ BJM - Beam Inc Reduce 43.95% 9,150,000 11.05
☰ GGP* - General Growth Pptys Inc New Sell 100.00% 27,624,282 9.84
☰ PG - Procter & Gamble Sell 100.00% 739,605 1.07
Q4 2013
☰ GGP* - General Growth Pptys Inc New Reduce 22.58% 8,056,900 2.81
☰ PG - Procter & Gamble Reduce 65.18% 1,384,288 1.89
Q3 2013
☰ GGP* - General Growth Pptys Inc New Reduce 47.36% 32,107,975 10.47
☰ PG - Procter & Gamble Reduce 76.24% 6,816,240 8.61
☰ JCP* - Penney J C Inc Sell 100.00% 39,075,771 10.95
☰ MATX - Matson Inc Sell 100.00% 202,913 0.08
Q2 2013
☰ GGP* - General Growth Pptys Inc New Reduce 9.29% 6,944,555 2.26
☰ PG - Procter & Gamble Reduce 69.07% 19,964,359 25.18
☰ MDLZ - Mondelez International Sell 100.00% 5,978,956 3.00
Q1 2013
☰ PG - Procter & Gamble Reduce 10.46% 3,375,600 3.83
Q4 2012
☰ PG - Procter & Gamble Reduce 6.16% 2,119,500 2.35
Q2 2012
☰ KFT - Kraft Foods Inc Cl A Sell 100.00% 15,506,172 11.93
☰ FBIN - Fortune Brands Innovations Inc. Sell 100.00% 13,323,249 5.95
Q1 2012
☰ KFT - Kraft Foods Inc Cl A Reduce 26.72% 5,654,587 4.38
☰ FBIN - Fortune Brands Innovations Inc. Reduce 36.00% 7,495,296 2.64
Q4 2011
☰ KFT - Kraft Foods Inc Cl A Reduce 15.97% 4,022,574 4.06
☰ LOW - Lowe's Cos. Sell 100.00% 21,240,301 12.35
Q3 2011
☰ GLRE - Greenlight Capital Re Ltd Class A Sell 100.00% 250,000 0.18
Q2 2011
☰ KFT - Kraft Foods Inc Cl A Reduce 0.04% 8,276 0.01
☰ CXW* - Corrections Corp Amer New Com Sell 100.00% 4,417,100 3.01
Q1 2011
☰ CXW* - Corrections Corp Amer New Com Reduce 43.57% 3,410,330 2.10
☰ TGT - Target Corp. Sell 100.00% 7,399,622 10.92
☰ GM - General Motors Sell 100.00% 7,187,740 6.50
☰ BGPIQ - Borders Group Inc Sell 100.00% 10,597,980 0.23
Q4 2010
☰ CXW* - Corrections Corp Amer New Com Reduce 28.43% 3,109,242 3.25
☰ KFT - Kraft Foods Inc Cl A Reduce 29.54% 8,161,934 10.66
☰ TGT - Target Corp. Reduce 47.68% 6,744,274 15.25
☰ LNY - Landrys Restaurants Inc Sell 100.00% 1,554,255 1.61
Q3 2010
☰ KFT - Kraft Foods Inc Cl A Reduce 17.89% 6,018,936 7.57
☰ TGT - Target Corp. Reduce 31.61% 6,536,307 14.44
Q2 2010
☰ TGT - Target Corp. Reduce 0.03% 5,300 0.01
Q1 2010
☰ TGT - Target Corp. Reduce 0.51% 105,312 0.36
☰ H - Hyatt Hotels Corp. Sell 100.00% 2,766,958 5.86
Q4 2009
☰ TGT - Target Corp. Reduce 20.07% 5,221,984 10.08
☰ EMC - E M C Corp Mass Sell 100.00% 58,678,780 41.34
Q3 2009
☰ TGT - Target Corp. Reduce 3.25% 873,330 1.84
Q2 2009
☰ V - Visa Inc. Sell 100.00% 2,205,464 7.10
☰ ALX - Alexander's Inc. Sell 100.00% 8,205 0.08
Q1 2009
☰ TGT - Target Corp. Reduce 6.54% 1,881,475 2.98
☰ V - Visa Inc. Reduce 69.09% 4,930,144 11.87
☰ 2777284Z - Dr Pepper Snapple Group Inc Sell 100.00% 10,824,220 8.07
☰ SHLDQ - Sears Hldgs Corp Sell 100.00% 302,936 0.54
Q4 2008
☰ SHLDQ - Sears Hldgs Corp Reduce 39.53% 198,064 0.51
☰ 2777284Z - Dr Pepper Snapple Group Inc Reduce 51.09% 11,304,690 8.33
☰ FTU - Wachovia Corp New Sell 100.00% 96,599,975 9.41
☰ LDG - Longs Drug Stores Corp Sell 100.00% 3,137,659 6.60
☰ BKS - Barnes & Noble Inc Sell 100.00% 6,540,451 4.75
☰ AAIG - NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICAN INTL GROUP INC Sell 100.00% 33,495,568 3.10
☰ MA - Mastercard Inc. Sell 100.00% 569,924 2.81
Q3 2008
☰ SHLDQ - Sears Hldgs Corp Reduce 92.57% 6,245,568 18.75
☰ 3022239Q - Wendys Intl Inc Sell 100.00% 13,087,000 14.51
☰ MBI - MBIA Inc. Sell 100.00% 873,000 0.16
☰ CDSCY - Cadbury Plc Spons Sell 100.00% 22,644 0.05
Q2 2008
☰ TGT - Target Corp. Reduce 18.26% 4,384,200 9.50
Q1 2008
☰ GLRE - Greenlight Capital Re Ltd Class A Reduce 0.04% 95 0.00
☰ MBI - MBIA Inc. Reduce 90.58% 632,000 0.04
☰ ABKFQ - NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMBAC FINL GROUP INC Sell 100.00% 1,000,000 0.09
Q4 2007
☰ 0860320D - Ceridian Corp New Sell 100.00% 21,432,734 38.51
Q3 2007
☰ SPLS* - Staples Inc Sell 100.00% 10,337,893 16.22
☰ IYR - Ishares Tr Dj Us Real Est Sell 100.00% 356,100 1.82
Q4 2006
☰ 3022239Q - Wendys Intl Inc Sell 100.00% 6,421,016 49.45
☰ BDK - Black & Decker Corp Sell 100.00% 1,305,833 11.91
☰ 0062761Q - Sizeler Ppty Invs Inc Sell 100.00% 2,077,602 3.59
Q2 2006
☰ 3022239Q - Wendys Intl Inc Reduce 24.93% 437,046 4.05
☰ SHLDQ - Sears Hldgs Corp Sell 100.00% 1,565,454 30.83
☰ HNZ - Heinz H J Co Sell 100.00% 3,388,595 19.19
☰ VIAB - Viacom Inc New Sell 100.00% 3,285,453 19.04
☰ KSS - Kohls Corp Sell 100.00% 1,276,749 10.11
Q1 2006
☰ ODP - Office Depot Inc Sell 100.00% 2,277,970 19.68
☰ 0910150D - NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HILTON HOTELS CORP Sell 100.00% 2,120,785 14.07
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