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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 2026-06-06 from SEC 13F data.

Live quotes available for 4 of 9 rows. Rows without a quote are marked unavailable.

1CPCANADIAN PAC RY LTD27.75%Reduce -4.3%23,125,192$2.85B$123.30No quote
2APDAIR PRODS & CHEMS INC21.31%Add +103.5%20,545,284$2.19B$106.57No quote
3PGPROCTER & GAMBLE CO19.95%Reduce -20.1%27,123,893$2.05B$75.59No quote
4BEAMBEAM INC13.10%-20,818,545$1.35B$64.65No quote
5BKWBURGER KING WORLDWIDE INC7.29%-38,372,120$749.02MNo quoteNo quote
6GGPGENERAL GROWTH PPTYS INC NEW6.70%Reduce -47.4%35,681,182$688.29MNo quoteNo quote
7HHCHOWARD HUGHES CORP3.90%-3,568,017$400.94MNo quoteNo quote
9JCPPENNEY J C INC-Sold0$0No quoteNo quote
8MATXMATSON INC-Sold0$0No quoteNo quote