Pershing Square Capital Management, L.P.

Last 4 years copying the filings

$100,000 would be $173,862

The same $100,000 in SPY would be $206,301.

Total return

+73.9%

Annualized (4Y CAGR)

+14.8%

vs SPY

−5.0 pts/yr

Across 16 filings, buying each one the day it became public. Best quarter +12.9%, worst -4.7%.

All time

+626% since Aug 2013

Fund size $14B today

Sep 2022 to Sep 2026, at least 73% of the book priced each quarter. Not audited fund performance. What this covers

Each quarter is priced from the date its SEC filing became public, not the quarter it describes, and weighted by position size. A 13F shows long US stock holdings only, so shorts, cash, options, and anything bought and sold between two filings are not in this line.

New Microsoft position and exited Hilton Worldwide Hldgs in Q1 2026.

$13.7B in this filing11 positionstop 10 = 100%

Holdings are from Mar 31, 2026, not today. Filed May 15, 2026. Next filing due ~Aug 14, 2026 - a fund that has since had a bad quarter will not show it here until then.

Spot holdings11 positions - $13.7B

1BNBrookfield Corp17.62%
$2.4B - 59.7M shares-1.7M
2AMZNAmazon Com Inc17.39%
$2.4B - 11.5M shares+1.8M
3UBERUber Technologies Inc15.71%
$2.2B - 30.0M shares-249K

#	Stock					At Mar 31	Now	Market cap	P/E
1	BNBrookfield Corp	17.62%	$2.4B	59.7M	-1.7M	$40.47	-	$90.0B	74.7
2	AMZNAmazon Com Inc	17.39%	$2.4B	11.5M	+1.8M	$208.27	$258.51 +24.1%	$2.79T	20.5
3	UBERUber Technologies Inc	15.71%	$2.2B	30.0M	-249K	$71.93	$75.76 +5.3%	$155.2B	16.8

8 more on a paid plan

Free shows three. Paid plans unlock the full portfolio, every quarter, and what changed.

Unlock all 8 holdings

What is missing

This filing does not include cash, short positions, private investments, bonds, or many overseas holdings.