13F institutional portfolio research
Pershing Square portfolio update: latest 13F positions and quarterly moves
Deterministic analysis from filing data
The current read on Pershing Square's holdings
Pershing Square's current 13F is anchored by its largest positions. Q1 2026 reports 11 positions totaling $13.7B. This is a highly concentrated book: the top five positions account for 78% of total reported value, with BN alone at 17.6%.
Position-level activity separates the active decisions from the static book. The largest measured share-count move this quarter was a trim in GOOGL by 95.2%. Pershing Square initiated 1 new position, the most prominent being MSFT at $2093.0M. 1 position was fully exited, including HLT (last quarter valued at $870.0M).
Pershing Square's trailing filings reveal how active the current quarter really was. Compared with the prior four tracked quarters: reported value is roughly in line with the trailing average.
The final cross-check is to place Pershing Square beside similar tracked allocators. Soros Fund Management (255 positions; top sector: Consumer Discretionary); Appaloosa Management (31 positions; top sector: Consumer Discretionary); Third Point (33 positions; top sector: Consumer Discretionary). See the last four quarters table below for the full arc of Pershing Square's reported activity.
Current snapshot
All reported holdings
11 active positions ranked by reported market value.
| Ticker | Company | Shares | Market value | % of portfolio | Change vs. prior quarter |
|---|---|---|---|---|---|
| BN | BROOKFIELD CORP | 59,697,208 | $2.4B | 17.62% | -2.8% |
| AMZN | AMAZON COM INC | 11,451,981 | $2.4B | 17.39% | +19.2% |
| UBER | UBER TECHNOLOGIES INC | 29,958,771 | $2.2B | 15.71% | -0.8% |
| MSFT | MICROSOFT CORP | 5,654,078 | $2.1B | 15.26% | New |
| QSR | RESTAURANT BRANDS INTL INC | 22,645,483 | $1.7B | 12.20% | -1.0% |
| META | META PLATFORMS INC | 2,660,861 | $1.5B | 11.10% | -0.5% |
| HHH | HOWARD HUGHES HOLDINGS INC | 18,852,064 | $1.2B | 8.70% | 0.0% |
| — | SEAPORT ENTMT GROUP INC | 5,023,780 | $107.9M | 0.79% | 0.0% |
| GOOG | ALPHABET INC | 311,726 | $89.4M | 0.65% | -94.9% |
| HTZ | HERTZ GLOBAL HLDGS INC | 15,241,127 | $70.3M | 0.51% | 0.0% |
| GOOGL | ALPHABET INC | 32,376 | $9.3M | 0.07% | -95.2% |
Quarter-over-quarter activity
Position changes
Portfolio composition
Sector exposure
Sector weights use the site’s current US equity classification map.
| Sector | % of portfolio | QoQ change |
|---|---|---|
| Other / unclassified | 39.81% | +0.79 pts |
| Consumer Discretionary | 17.39% | -2.49 pts |
| Industrials | 15.71% | -0.18 pts |
| Information Technology | 15.26% | +15.26 pts |
| Communication Services | 11.82% | -13.37 pts |
Rolling filing history
Last 4 quarters
Values are quarter-end 13F market values, not live portfolio values.
Related manager research
How this compares
Soros Fund Management
Top reported sector: Consumer Discretionary
31 positionsAppaloosa Management
Top reported sector: Consumer Discretionary
33 positionsThird Point
Top reported sector: Consumer Discretionary
See every tracked manager on the 13F investors hub.
Filing interpretation
Common questions about Pershing Square's 13F
- 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.
Primary-source record
Source and filing details
- CIK
- 0001336528
- SEC accession
- 0001172661-26-002336
- Report quarter
- 2026-03-31
- Filing date
- 2026-05-15
Methodology: how we parse and reconcile 13F filings.
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Disclaimer: 13F data is public, historical, delayed, and incomplete by design. It is not investment advice. Cross-check material data against the original SEC filing record before acting.