13F portfolio / Concentrated activist
Pershing Square
Bill Ackman (founder, CEO)
Pershing Square is a New York investment firm founded by Bill Ackman in 2004, known for holding a small number of large positions and for public activist campaigns.
From the June 30, 2026 report, Pershing Square Inc. (CIK 2026053) files the firm’s 13F; Pershing Square Capital Management, L.P. (CIK 1336528) filed a notice pointing to it. We chain both filers so history and changes stay continuous.
- Reported 13F value
- $19.5B
- Positions
- 14
- Est. 1-yearEstimate
- +3.5%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +14.8%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
5 new · 4 added · 3 trimmed · 2 unchanged · 2 sold out
| 1 | UBER on Yahoo Finance (opens in a new tab) | Uber Technologies IncCOM | 12.7% | $2.5B | 34,326,200 | Added +14.6% | $72.21 | $69.99 | -3.1% |
| 2 | BN on Yahoo Finance (opens in a new tab) | Brookfield CorpCL A LTD VT SH | 12.6% | $2.4B | 57,481,047 | Trimmed -3.7% | $36.27 | $36.49 | +0.6% |
| 3 | MSFT on Yahoo Finance (opens in a new tab) | Microsoft CorpCOM | 11.9% | $2.3B | 6,206,730 | Added +9.8% | $415.08 | $526.88 | +26.9% |
| 4 | AMZN on Yahoo Finance (opens in a new tab) | Amazon Com IncCOM | 10.5% | $2.0B | 8,563,857 | Trimmed -25.2% | $211.69 | $249.20 | +17.7% |
| 5 | HHH on Yahoo Finance (opens in a new tab) | Howard Hughes Holdings IncCOM | 10.2% | $2.0B | 27,852,064 | Unchanged | $71.00* | $68.65 | -3.3% |
| 6 | QSR on Yahoo Finance (opens in a new tab) | Restaurant Brands Intl IncCOM | 9.6% | $1.9B | 25,821,284 | Added +14.0% | $62.51* | $74.84 | +19.7% |
| 7 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 9.2% | $1.8B | 3,196,062 | Added +20.1% | $656.39 | $706.95 | +7.7% |
| 8 | V on Yahoo Finance (opens in a new tab) | Visa IncCOM CL A | 5.8% | $1.1B | 3,270,470 | New | $320.16 | $400.91 | +25.2% |
| 9 | MA on Yahoo Finance (opens in a new tab) | Mastercard IncorporatedCL A | 5.6% | $1.1B | 2,124,646 | New | $496.96 | $614.51 | +23.7% |
| 10 | SPGI on Yahoo Finance (opens in a new tab) | S&P Global IncCOM | 5.4% | $1.1B | 2,593,155 | New | $398.03 | $426.66 | +7.2% |
| 11 | NFLX on Yahoo Finance (opens in a new tab) | Netflix Inc.COM | 4.8% | $934M | 13,081,465 | New | $88.07 | $70.36 | -20.1% |
| 12 | PSUS on Yahoo Finance (opens in a new tab) | Pershing Square USA LtdCOM SHS | 0.8% | $150M | 4,000,000 | New | $39.97 | $37.46 | -6.3% |
| 13 | SEG on Yahoo Finance (opens in a new tab) | Seaport Entmt Group IncCOMMON STOCK | 0.7% | $134M | 5,023,780 | Unchanged | $28.64 | $22.67 | -20.8% |
| 14 | HTZ on Yahoo Finance (opens in a new tab) | Hertz Global Hldgs IncCOM NEW | 0.2% | $34M | 14,991,599 | Trimmed -1.6% | $3.72 | $1.74 | -53.2% |
Sold out since Q1 2026
- GOOG on Yahoo Finance (opens in a new tab)Alphabet Inc$89M at Q1 2026
- GOOGL on Yahoo Finance (opens in a new tab)Alphabet Inc$9M at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 8. Of 3 with six months of history, 0.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001172661-26-003790, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.