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
- +2.03%
- 1-year
- +15.19%
- 3-year
- +41.45%
- 5-year
- +49.93%
- 3-year vs S&P 500
- -31.80%
- 5-year vs S&P 500
- -23.76%
- 5-year top 5
- +47.55%
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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Live quotes available for 4 of 8 rows. Rows without a quote are marked unavailable.
| 1 | CP | CANADIAN PAC RY LTD | 31.55% | Reduce -25.8% | 17,159,888 | $2.6B | $151.32 | No quote |
| 2 | APD | AIR PRODS & CHEMS INC | 27.91% | Add +0.0% | 20,549,076 | $2.3B | $111.78 | No quote |
| 3 | BEAM | BEAM INC | 17.21% | - | 20,818,545 | $1.42B | $68.06 | No quote |
| 4 | BKW | BURGER KING WORLDWIDE INC | 10.66% | Add +0.0% | 38,387,865 | $877.55M | No quote | No quote |
| 5 | GGP | GENERAL GROWTH PPTYS INC NEW | 6.74% | Reduce -22.6% | 27,624,282 | $554.42M | No quote | No quote |
| 6 | HHC | HOWARD HUGHES CORP | 5.21% | - | 3,568,017 | $428.52M | No quote | No quote |
| 7 | PG | PROCTER & GAMBLE CO | 0.73% | Reduce -65.2% | 739,605 | $60.21M | $81.41 | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | PG | PROCTER & GAMBLE COCOM | CALL | Sold | 0 | $0 |