Bill Ackman - Pershing Square Capital Management
As of Q2 2026, Bill Ackman reported 14 long-equity positions worth $19.47B in aggregate.
Copy-investor backtest
- Latest quarter
- +1.96%
- 1-year
- +15.11%
- 3-year
- +41.35%
- 5-year
- +50.23%
- 3-year vs S&P 500
- -31.89%
- 5-year vs S&P 500
- -23.45%
- 5-year top 5
- +52.69%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| V | VISA INC | New | 5.76% | 3,270,470 | $1.12B | $343.09 | $293.89 - $345.80(95%)$298.51 -> $343.09 |
| MA | MASTERCARD INCORPORATED | New | 5.61% | 2,124,646 | $1.09B | $513.60 | $464.52 - $534.21(70%)$491.65 -> $513.60 |
| SPGI | S&P GLOBAL INC | New | 5.43% | 2,593,155 | $1.06B | $407.26 | $393.03 - $456.70(22%)$425.17 -> $407.26 |
| NFLX | NETFLIX INC. | New | 4.80% | 13,081,465 | $934.02M | $71.40 | $70.86 - $108.95(1%)$95.55 -> $71.40 |
| AMZN | AMAZON COM INC | Reduce -25.2% | 10.49% | 8,563,857 | $2.04B | $238.34 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| HHH | HOWARD HUGHES HOLDINGS INC | Add +47.7% | 10.23% | 27,852,064 | $1.99B | $71.49 | $61.32 - $72.64(90%)$63.05 -> $71.49 |
| UBER | UBER TECHNOLOGIES INC | Add +14.6% | 12.72% | 34,326,200 | $2.48B | $72.16 | $67.19 - $80.83(36%)$71.71 -> $72.16 |
| META | META PLATFORMS INC | Add +20.1% | 9.25% | 3,196,062 | $1.8B | $563.29 | $540.21 - $691.52(15%)$579.23 -> $563.29 |
| QSR | RESTAURANT BRANDS INTL INC | Add +14.0% | 9.62% | 25,821,284 | $1.87B | $72.51 | $70.95 - $81.96(14%)$75.10 -> $72.51 |
| MSFT | MICROSOFT CORP | Add +9.8% | 11.89% | 6,206,730 | $2.32B | $373.02 | $349.20 - $466.32(20%)$369.37 -> $373.02 |
| PSUS | PERSHING SQUARE USA LTD | New | 0.77% | 4,000,000 | $149.52M | $37.38 | - |
| GOOG | ALPHABET INC | Sold | — | 0 | $0 | — | - |
| GOOGL | ALPHABET INC | Sold | — | 0 | $0 | — | - |
| BN | BROOKFIELD CORP | Reduce -3.7% | 12.58% | 57,481,047 | $2.45B | $42.59 | $39.66 - $48.60(33%)$40.74 -> $42.60 |
| HTZ | HERTZ GLOBAL HLDGS INC | Reduce -1.6% | 0.17% | 14,991,599 | $33.96M | $2.27 | $2.14 - $8.18(2%)$5.18 -> $2.27 |