Bill Ackman's Portfolio
Bill Ackman's Pershing Square runs a concentrated portfolio of a handful of large companies, often pushing management for changes as an activist investor.
Pershing Square reported 14 stocks worth $19.5B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UBER (12.7%), BN (12.6%) and MSFT (11.9%). Compared with Q1 2026, the fund opened new positions in UBER, BN and MSFT and added to HHH.
Portfolio at a glance
share of reported value · Q2 2026What Bill Ackman did in Q2 2026
vs Q1 2026Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 5 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  UBER Uber Technologies Inc | $2.5B | 12.7% | 34.3M | New position | 1 of 5 | |
| 2 |  BN Brookfield Corp Fclass A | $2.4B | 12.6% | 57.5M | New position | 1 of 5 | |
| 3 |  MSFT Microsoft Corp | $2.3B | 11.9% | 6.2M | New position | 1 of 5 | |
| 4 |  AMZN Amazon Com Inc | $2B | 10.5% | 8.6M | New position | 1 of 5 | |
| 5 |  HHH Howard Hughes Holdings Inc | $2B | 10.2% | 27.9M | +18.9M (+209%) | 5 of 5 | |
| 6 |  QSR Restaurant Brands Intl Inc | $1.9B | 9.6% | 25.8M | New position | 1 of 5 | |
| 7 |  META Meta Platforms Inc | $1.8B | 9.3% | 3.2M | New position | 1 of 5 | |
| 8 |  V Visa Inc | $1.1B | 5.8% | 3.3M | New position | 1 of 5 | |
| 9 |  MA Mastercard Incorporated | $1.1B | 5.6% | 2.1M | New position | 1 of 5 | |
| 10 |  SPGI S&P Global Inc | $1.1B | 5.4% | 2.6M | New position | 1 of 5 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Reported value
last 5 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Pershing Square 13F FAQ
What does Pershing Square own?
Pershing Square reported 14 stocks worth $19.5B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are UBER (12.7%), BN (12.6%) and MSFT (11.9%). The table above lists every position in the filing (the top 10 without an account).
What did Pershing Square buy and sell in Q2 2026?
Compared with Q1 2026: 13 new positions, 1 added to, 0 trimmed and 0 sold out. New positions include UBER, BN and MSFT.
When will Pershing Square file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Pershing Square's portfolio worth?
The Q2 2026 filing reports $19.5B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.