Pershing Square Bill Ackman
Holdings as of the end of Q4 2025, reported in its 13F filing on Feb 17, 2026; changes vs Q3 2025. Source
Reported value
$15.5B
at quarter-end prices
Positions
11
top 10 are 99% of it
Bought · Q4 2025
3
1 new, 2 added 20%+
Sold · Q4 2025
2
1 sold out, 1 cut 20%+
Holdings 11
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q3 2025 |
|---|---|---|---|---|---|---|
| 1 | BN | BROOKFIELD CORP | 61,403,089 | $2.8B | 18.1% | +50% |
| 2 | UBER | UBER TECHNOLOGIES INC | 30,207,734 | $2.5B | 15.9% | — |
| 3 | AMZN | AMAZON COM INC | 9,607,824 | $2.2B | 14.3% | +65% |
| 4 | GOOG | ALPHABET INC | 6,163,871 | $1.9B | 12.5% | -3% |
| 5 | META | META PLATFORMS INC | 2,673,569 | $1.8B | 11.4% | new |
| 6 | QSR | RESTAURANT BRANDS INTL INC | 22,866,773 | $1.6B | 10.0% | — |
| 7 | HHH | HOWARD HUGHES HOLDINGS INC | 18,852,064 | $1.5B | 9.7% | — |
| 8 | HLT | HILTON WORLDWIDE HLDGS INC | 3,028,664 | $870M | 5.6% | — |
| 9 | GOOGL | ALPHABET INC | 678,297 | $212.3M | 1.4% | -86% |
| 10 | SEG | SEAPORT ENTMT GROUP INC | 5,023,780 | $99.3M | 0.64% | — |
| 11 | HTZ | HERTZ GLOBAL HLDGS INC | 15,241,127 | $78.3M | 0.50% | — |
Sold out in Q4 2025 1
| Stock | Company | Shares held in Q3 2025 | Value then | Of portfolio then |
|---|---|---|---|---|
| CMG | CHIPOTLE MEXICAN GRILL INC | 21,541,177 | $844.2M | 5.8% |
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.