Latticework
Bill Ackman

Bill Ackman's 2025Q3 portfolio

Bill Ackman (Pershing Square Capital Management) held 9 positions as of Sep 30, 2025, with the largest position at 20.3% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2025 (9)

  1. 1UBERUber Technologies Inc
    % port
    20.3%
    -0.3pp vs prior Qnow 15.7%
  2. 2BNBrookfield Corp
    % port
    19.2%
    +0.7pp vs prior Qnow 17.6%
  3. 3HHHHoward Hughes Holdings Inc
    % port
    10.6%
    +1.3pp vs prior Qnow 8.7%
  4. 4GOOGAlphabet Inc-cl C
    % port
    10.5%
    +2.3pp vs prior Qnow 0.7%
  5. 5QSRRestaurant Brands Intern
    % port
    10.0%
    -1.1pp vs prior Qnow 12.2%
  6. 6AMZNAmazon.com Inc
    % port
    8.7%
    -0.6pp vs prior Qnow 17.4%
  7. 7GOOGLAlphabet Inc-cl A
    % port
    8.0%
    +1.2pp vs prior Qnow 0.1%
  8. 8SEGSeaport Entertainment Group
    % port
    0.8%
    +0.1pp vs prior Q
  9. 9HTZHertz Global Hldgs Inc
    % port
    0.7%
    now 0.5%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.