Pershing Square Capital Management, L.P.

Bought Microsoft, sold out of Hilton Worldwide Hldgs. Portfolio down 12% to $13.7B.

$13.7B portfolio11 holdingstop 10 = 100%filed 2026-05-15

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
4MSFTMicrosoft Corp15.26%
$2.1B - 5.7M sharesNEW
5QSRRestaurant Brands Intl Inc12.20%
$1.7B - 22.6M shares-221K
6METAMeta Platforms Inc11.10%
$1.5B - 2.7M shares-13K
7HHHHoward Hughes Holdings Inc8.70%
$1.2B - 18.9M shares-
8SEGSeaport Entmt Group Inc0.79%
$107.9M - 5.0M shares-
9GOOGAlphabet Inc0.65%
$89.4M - 312K shares-5.9M
10HTZHertz Global Hldgs Inc0.51%
$70.3M - 15.2M shares-
11GOOGLAlphabet Inc0.07%
$9.3M - 32K shares-646K

#	Stock
1	BNBrookfield Corp	17.62%	$2.4B	59.7M	-1.7M
2	AMZNAmazon Com Inc	17.39%	$2.4B	11.5M	+1.8M
3	UBERUber Technologies Inc	15.71%	$2.2B	30.0M	-249K
4	MSFTMicrosoft Corp	15.26%	$2.1B	5.7M	NEW
5	QSRRestaurant Brands Intl Inc	12.20%	$1.7B	22.6M	-221K
6	METAMeta Platforms Inc	11.10%	$1.5B	2.7M	-13K
7	HHHHoward Hughes Holdings Inc	8.70%	$1.2B	18.9M	-
8	SEGSeaport Entmt Group Inc	0.79%	$107.9M	5.0M	-
9	GOOGAlphabet Inc	0.65%	$89.4M	312K	-5.9M
10	HTZHertz Global Hldgs Inc	0.51%	$70.3M	15.2M	-
11	GOOGLAlphabet Inc	0.07%	$9.3M	32K	-646K

What a 13F does not show

Filed up to 45 days after the quarter ends, so this is Q1 2026, not today. US-listed shares and some options only. No short bets, cash, bonds, or foreign listings.