Institutional portfolio intelligence
Pershing Square Portfolio: Q1 2026 13F Holdings
Pershing Square's latest 13F reports 11 active positions with a total reported value of $13.7B for Q1 2026. The five largest positions account for 78.2% of the filing, led by BN. Quarter over quarter, the manager disclosed 1 new positions, 1 increases, 6 reductions, and 1 full exits. This dashboard separates share-count changes from portfolio-weight changes and links every figure to the underlying SEC filing.
01
Portfolio Snapshot
02
Quarterly Takeaways
03
Top Holdings
Ranked by reported quarter-end market value
BNBROOKFIELD CORP
17.62%$2.4B AMZNAMAZON COM INC
17.39%$2.4B UBERUBER TECHNOLOGIES INC
15.71%$2.2B MSFTMICROSOFT CORP
15.26%$2.1B QSRRESTAURANT BRANDS INTL INC
12.20%$1.7B METAMETA PLATFORMS INC
11.10%$1.5B HHHHOWARD HUGHES HOLDINGS INC
8.70%$1.2B SEAPORT ENTMT GROUP INCSEAPORT ENTMT GROUP INC
0.79%$107.9M GOOGALPHABET INC
0.65%$89.4M HTZHERTZ GLOBAL HLDGS INC
0.51%$70.3M 04
Position Changes
MSFTMICROSOFT CORP
- Shares change
- New
- Weight change
- +15.26%
- Current value
- $2.1B
AMZNAMAZON COM INC
- Shares change
- +19.2%
- Weight change
- +3.11%
- Current value
- $2.4B
GOOGLALPHABET INC
- Shares change
- -95.2%
- Weight change
- -1.30%
- Current value
- $9.3M
GOOGALPHABET INC
- Shares change
- -94.9%
- Weight change
- -11.81%
- Current value
- $89.4M
BNBROOKFIELD CORP
- Shares change
- -2.8%
- Weight change
- -0.53%
- Current value
- $2.4B
QSRRESTAURANT BRANDS INTL INC
- Shares change
- -1.0%
- Weight change
- +2.15%
- Current value
- $1.7B
UBERUBER TECHNOLOGIES INC
- Shares change
- -0.8%
- Weight change
- -0.18%
- Current value
- $2.2B
METAMETA PLATFORMS INC
- Shares change
- -0.5%
- Weight change
- -0.27%
- Current value
- $1.5B
HLTHILTON WORLDWIDE HLDGS INC
- Shares change
- -100.0%
- Weight change
- -5.60%
- Prior value
- $870.0M
05
Full Holdings Table
Search and filter the latest reported positions. Share change and weight change are shown separately.
| Ticker | Company / share class | Sector | Security type | Shares | Market value | Portfolio weight | Shares change | Weight change |
|---|---|---|---|---|---|---|---|---|
| BN11271J107 | BROOKFIELD CORP | Other / unclassified | Other | 59,697,208 | $2.4B | 17.62% | -2.8% | -0.53% |
| AMZN023135106 | AMAZON COM INC | Consumer Discretionary | Stock | 11,451,981 | $2.4B | 17.39% | +19.2% | +3.11% |
| UBER90353T100 | UBER TECHNOLOGIES INC | Industrials | Stock | 29,958,771 | $2.2B | 15.71% | -0.8% | -0.18% |
| MSFT594918104 | MICROSOFT CORP | Information Technology | Stock | 5,654,078 | $2.1B | 15.26% | New | +15.26% |
| QSR76131D103 | RESTAURANT BRANDS INTL INC | Other / unclassified | Other | 22,645,483 | $1.7B | 12.20% | -1.0% | +2.15% |
| META30303M102 | META PLATFORMS INCClass A | Communication Services | Stock | 2,660,861 | $1.5B | 11.10% | -0.5% | -0.27% |
| HHH44267T102 | HOWARD HUGHES HOLDINGS INC | Other / unclassified | Other | 18,852,064 | $1.2B | 8.70% | 0.0% | -0.99% |
| —812215200 | SEAPORT ENTMT GROUP INC | Other / unclassified | Other | 5,023,780 | $107.9M | 0.79% | 0.0% | +0.15% |
| GOOG02079K107 | ALPHABET INC | Other / unclassified | Other | 311,726 | $89.4M | 0.65% | -94.9% | -11.81% |
| HTZ42806J700 | HERTZ GLOBAL HLDGS INC | Other / unclassified | Other | 15,241,127 | $70.3M | 0.51% | 0.0% | +0.01% |
| GOOGL02079K305 | ALPHABET INCClass A | Communication Services | Stock | 32,376 | $9.3M | 0.07% | -95.2% | -1.30% |
BNBROOKFIELD CORP
17.62%- Market value
- $2.4B
- Shares
- 59,697,208
- Shares change
- -2.8%
- Weight change
- -0.53%
- Sector
- Other / unclassified
- CUSIP
- 11271J107
AMZNAMAZON COM INC
17.39%- Market value
- $2.4B
- Shares
- 11,451,981
- Shares change
- +19.2%
- Weight change
- +3.11%
- Sector
- Consumer Discretionary
- CUSIP
- 023135106
UBERUBER TECHNOLOGIES INC
15.71%- Market value
- $2.2B
- Shares
- 29,958,771
- Shares change
- -0.8%
- Weight change
- -0.18%
- Sector
- Industrials
- CUSIP
- 90353T100
MSFTMICROSOFT CORP
15.26%- Market value
- $2.1B
- Shares
- 5,654,078
- Shares change
- New
- Weight change
- +15.26%
- Sector
- Information Technology
- CUSIP
- 594918104
QSRRESTAURANT BRANDS INTL INC
12.20%- Market value
- $1.7B
- Shares
- 22,645,483
- Shares change
- -1.0%
- Weight change
- +2.15%
- Sector
- Other / unclassified
- CUSIP
- 76131D103
METAMETA PLATFORMS INC
11.10%- Market value
- $1.5B
- Shares
- 2,660,861
- Shares change
- -0.5%
- Weight change
- -0.27%
- Sector
- Communication Services
- CUSIP
- 30303M102
HHHHOWARD HUGHES HOLDINGS INC
8.70%- Market value
- $1.2B
- Shares
- 18,852,064
- Shares change
- 0.0%
- Weight change
- -0.99%
- Sector
- Other / unclassified
- CUSIP
- 44267T102
SEAPORT ENTMT GROUP INCSEAPORT ENTMT GROUP INC
0.79%- Market value
- $107.9M
- Shares
- 5,023,780
- Shares change
- 0.0%
- Weight change
- +0.15%
- Sector
- Other / unclassified
- CUSIP
- 812215200
GOOGALPHABET INC
0.65%- Market value
- $89.4M
- Shares
- 311,726
- Shares change
- -94.9%
- Weight change
- -11.81%
- Sector
- Other / unclassified
- CUSIP
- 02079K107
HTZHERTZ GLOBAL HLDGS INC
0.51%- Market value
- $70.3M
- Shares
- 15,241,127
- Shares change
- 0.0%
- Weight change
- +0.01%
- Sector
- Other / unclassified
- CUSIP
- 42806J700
GOOGLALPHABET INC
0.07%- Market value
- $9.3M
- Shares
- 32,376
- Shares change
- -95.2%
- Weight change
- -1.30%
- Sector
- Communication Services
- CUSIP
- 02079K305
06
Portfolio Allocation
Classification coverage60.2%
A definitive sector chart is withheld because mapped holdings do not meet the 85% coverage threshold.
Unclassified reported value: 39.8%
A definitive sector chart is withheld because mapped holdings do not meet the 85% coverage threshold.
07
Historical Trends
Reported values are quarter-end 13F values, not live portfolio values.
Q1 20262026-05-15
$13.7B11 PositionsQ4 20252026-02-17
$15.5B11 PositionsQ3 20252025-11-14
$14.6B11 PositionsQ2 20252025-08-14
$13.7B11 PositionsQ1 20252025-05-15
$11.9B11 Positions08
Similar Investors
Ranked by overlap in currently reported CUSIPs.
09
Investor Profile
- Manager
- Bill Ackman
10
Frequently Asked Questions
What is Pershing Square's largest reported holding?
BN is Pershing Square's largest active reported position at 17.6% of the portfolio. See its size and share count in the Pershing Square holdings table.
Which position did Pershing Square increase most?
AMZN is the largest increase or new position by current reported value. The Pershing Square position-change section separates new and increased holdings.
Which position did Pershing Square reduce or exit most significantly?
BN is the largest reduction or exit by prior reported value. Compare it with the other actions in Pershing Square's change grid.
What new positions did Pershing Square open this quarter?
Pershing Square initiated 1 position, led by MSFT. Each new holding appears in the Pershing Square new-buys list.
How concentrated is Pershing Square's reported portfolio?
The five largest positions represent 78.2% of Pershing Square's reported value. The Pershing Square holdings ranking shows whether that concentration comes from one dominant stock or several large positions.
Which sector is most important in Pershing Square's portfolio?
Consumer Discretionary is the largest classified sector in Pershing Square's current reported portfolio. The Pershing Square sector breakdown shows weights and quarter-over-quarter changes.
Does Pershing Square's 13F show its entire concentrated portfolio?
No. It shows reportable US-listed long positions, but it may omit derivatives, hedges, foreign securities, cash, and other exposures used in Pershing Square's strategy. See the Pershing Square four-quarter record for the surrounding trend.
11
Source and Methodology
- CIK
- 0001336528
- SEC accession
- 0001172661-26-002336
- Quarter
- 2026-03-31
- Filing date
- 2026-05-15
- Classification coverage
- 60.2%
13F filings are historical, delayed, and do not disclose short positions, cash, or every asset class. Values can also reflect market-price movement rather than trading alone.