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Focused investors/Bill Ackman

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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Updated 2026-05-11 from SEC 13F data.

Live quotes available for 7 of 8 rows. Rows without a quote are marked unavailable.

1LOWLOWES COS INC19.64%Reduce -3.3%10,036,114$2.01B$199.9752w: $170.12 - $223.31; reported $199.97
2CMGCHIPOTLE MEXICAN GRILL INC17.21%Reduce -6.9%1,029,186$1.76B$1708.2952w: $23.93 - $35.09; reported $1708.29
3QSRRESTAURANT BRANDS INTL INC15.90%-24,194,166$1.62B$67.1452w: $46.68 - $68.89; reported $67.14
4HLTHILTON WORLDWIDE HLDGS INC12.82%Reduce -7.3%9,299,041$1.31B$140.8752w: $108.41 - $167.99; reported $140.87
5HHCHOWARD HUGHES CORP12.52%Add +0.6%15,984,532$1.28BNo quoteNo quote
6CPCANADIAN PAC RY LTD11.48%Add +0.0%15,238,044$1.17B$76.9452w: $65.17 - $83.02; reported $76.94
7GOOGALPHABET INC8.21%New8,069,770$839.26M$104.0052w: $83.45 - $144.04; reported $104.00
8GOOGLALPHABET INC2.22%New2,185,000$226.65M$103.7352w: $83.34 - $143.71; reported $103.73