What stocks does Bill Ackman own?

As of Q2 2026, Pershing Square reported 14 positions with a combined 13F value of $19.5B. Its largest stock positions are UBER ($2.5B), BN ($2.4B) and MSFT ($2.3B).

How often does Pershing Square update its portfolio?

Pershing Square files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.

What does Pershing Square's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Pershing Square's portfolio data come from?

From the 13F filings Pershing Square makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Pershing Square Inc.

Filed by Pershing Square Inc. from Q2 2026, the public parent for 6 related managers. Pershing Square Capital Management, L.P. filed alone before that. Return history ends at Q1 2026.

SEC filing

Return history

Last 4 years · filing-date model

$100,000 to $180,952

$100,000 in SPY: $221,989.

Total return

+81%

Annualized (4Y CAGR)

+16.2%

vs SPY

−6.2 pts/yr

Moves a year

Avg hold

2.1 years

17 filings · quarters -15.8% to +13.1%

All time

+622% since Aug 14, 2013

Fund size $14B today

Oct 13, 2022 to Sep 27, 2026 · min. 73% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New V and exited GOOG in Q2 2026.

$19.5B in this filing14 positions

Holdings as of Jun 30, 2026. Filed Aug 14, 2026.

Change is vs Mar 31, 2026, when Pershing Square Capital Management, L.P. filed alone. n/a marks positions a newly included entity also holds.

Share change vs Mar 31

1UBERUber Technologies Inc12.72%
$2.5B - 34.3M shares+14.6%
2BNBrookfield Corp12.58%
$2.4B - 57.5M shares-3.7%
3MSFTMicrosoft Corp11.89%
$2.3B - 6.2M shares+9.8%
4AMZNAmazon Com Inc10.49%
$2.0B - 8.6M shares-25.2%
5HHHHoward Hughes Holdings Inc10.23%
$2.0B - 27.9M sharesn/a
6QSRRestaurant Brands Intl Inc9.62%
$1.9B - 25.8M shares+14.0%
7METAMeta Platforms Inc9.25%
$1.8B - 3.2M shares+20.1%
8VVisa Inc5.76%
$1.1B - 3.3M sharesNEW

#	Stock				At Jun 30	Now
1	UBERUber Technologies Inc	12.72%	$2.5B	+14.6%	$72.16	$71.27 -1.2%
2	BNBrookfield Corp	12.58%	$2.4B	-3.7%	$42.59	$36.81 -13.6%
3	MSFTMicrosoft Corp	11.89%	$2.3B	+9.8%	$373.02	$539.44 +44.6%
4	AMZNAmazon Com Inc	10.49%	$2.0B	-25.2%	$238.34	$254.76 +6.9%
5	HHHHoward Hughes Holdings Inc	10.23%	$2.0B	n/a	$71.49	$68.29 -4.5%
6	QSRRestaurant Brands Intl Inc	9.62%	$1.9B	+14.0%	$72.51	$72.41 -0.1%
7	METAMeta Platforms Inc	9.25%	$1.8B	+20.1%	$563.29	$736.72 +30.8%
8	VVisa Inc	5.76%	$1.1B	NEW	$343.09	$399.75 +16.5%

6 more on a paid plan

Unlock the full portfolio and quarterly changes.

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What is missing

Top 10 concentration: 94%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Earlier disclosed changes

Q1 2026 holdings. Exact trade dates are not disclosed.

More disclosures (1)

MSFT AddedView disclosure

Common questions

What stocks does Bill Ackman own?: As of Q2 2026, Pershing Square reported 14 positions with a combined 13F value of $19.5B. Its largest stock positions are UBER ($2.5B), BN ($2.4B) and MSFT ($2.3B).
How often does Pershing Square update its portfolio?: Pershing Square files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.
What does Pershing Square's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Pershing Square's portfolio data come from?: From the 13F filings Pershing Square makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.