KREN

Bill Ackman Portfolio

Bill Ackman · Pershing Square — SEC 13F/HR filings · Report date 2025-09-30

$15.38B13F reported value (previous quarter $15.38B)
11Equity holdings
100.0%Displayed equity weight (remaining: options/other)
UBER 19.3%, BN 18.3%, HHH 14.9%Top 3 holdings weight

About this page

Large institutional investment managers report qualifying US holdings quarterly through 13F filings with the SEC. We parse the original XML to display portfolio weights and quarterly position changes. Current prices and returns are indicative estimates.

Security ▲▼ Portfolio weight ▲▼ Shares held ▲▼ Reported value ▲▼ Current price ▲▼ Estimated cost basis ▲▼ Estimated return ▲▼ Latest quarter activity
UBERUber Technologies, Inc.Common stock 19.28% 30,270,518 $2.97B $71.51 $73.70 -3.0% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2025 Q130,301,160—$2.21BSEC
2025 Q230,301,160±0$2.83BSEC
2025 Q330,270,518-30,642$2.97BSEC
2025 Q430,207,734-62,784$2.47BSEC
2026 Q129,958,772-248,962$2.15BSEC
2026 Q234,326,200+4,367,428$2.48BSEC
BNBrookfield CorporationA class shares 18.29% 41,020,232 $2.81B $36.67 $33.41 +9.8% Held Unchanged
Holding history

Quarterly holding historyCL A LTD VT SH

QuarterSharesShare ΔValueSEC
2024 Q332,735,884—$1.74BSEC
2024 Q434,893,064+2,157,180$2.00BSEC
2025 Q141,004,656+6,111,592$2.15BSEC
2025 Q241,160,396+155,740$2.55BSEC
2025 Q341,020,232-140,164$2.81BSEC
2025 Q461,403,088+20,382,856$2.82BSEC
2026 Q159,697,208-1,705,880$2.42BSEC
2026 Q257,481,048-2,216,160$2.45BSEC
HHHHoward Hughes Holdings Inc.Common stock 14.88% 27,852,064 $2.29B $73.73 $75.29 -2.1% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2024 Q318,852,064—$1.46BSEC
2024 Q418,852,064±0$1.45BSEC
2025 Q118,852,064±0$1.40BSEC
2025 Q227,852,064+9,000,000$1.88BSEC
2025 Q327,852,064±0$2.29BSEC
2025 Q427,852,064±0$2.22BSEC
2026 Q127,852,064±0$1.76BSEC
2026 Q227,852,064±0$1.99BSEC
GOOGAlphabet Class CC class shares 10.01% 6,324,031 $1.54B $339.29 $158.19 +114.5% Held Unchanged
Holding history

Quarterly holding historyCAP STK CL C

QuarterSharesShare ΔValueSEC
2024 Q37,547,582—$1.26BSEC
2024 Q47,547,582±0$1.44BSEC
2025 Q16,324,031-1,223,551$0.99BSEC
2025 Q26,324,031±0$1.12BSEC
2025 Q36,324,031±0$1.54BSEC
2025 Q46,163,871-160,160$1.93BSEC
2026 Q1311,726-5,852,145$0.09BSEC
QSRRestaurant Brands International Inc.Common stock 9.55% 22,915,496 $1.47B $70.95 $69.46 +2.1% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2024 Q323,000,914—$1.66BSEC
2024 Q423,000,914±0$1.50BSEC
2025 Q123,000,914±0$1.53BSEC
2025 Q223,000,914±0$1.52BSEC
2025 Q322,915,496-85,418$1.47BSEC
2025 Q422,866,772-48,724$1.56BSEC
2026 Q122,645,484-221,288$1.67BSEC
2026 Q225,821,284+3,175,800$1.87BSEC
AMZNAmazonCommon stock 8.31% 5,823,316 $1.28B $262.43 $213.02 +23.2% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2025 Q25,823,316—$1.28BSEC
2025 Q35,823,316±0$1.28BSEC
2025 Q49,607,824+3,784,508$2.22BSEC
2026 Q111,451,981+1,844,157$2.39BSEC
2026 Q28,563,857-2,888,124$2.04BSEC
GOOGLAlphabet Class AA class shares 7.66% 4,843,973 $1.18B $351.66 $158.19 +122.3% Reduced (2025Q3) -519,007 shares
Holding history

Quarterly holding historyCAP STK CL A

QuarterSharesShare ΔValueSEC
2024 Q33,986,488—$0.66BSEC
2024 Q43,986,488±0$0.75BSEC
2025 Q14,437,980+451,492$0.69BSEC
2025 Q25,362,980+925,000$0.95BSEC
2025 Q34,843,973-519,007$1.18BSEC
2025 Q4678,297-4,165,676$0.21BSEC
2026 Q132,376-645,921$0.01BSEC
CMGChipotle Mexican GrillCommon stock 5.49% 21,541,176 $0.84B $30.67 $56.31 -45.5% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2024 Q328,815,164—$1.66BSEC
2024 Q424,653,532-4,161,632$1.49BSEC
2025 Q121,541,176-3,112,356$1.08BSEC
2025 Q221,541,176±0$1.21BSEC
2025 Q321,541,176±0$0.84BSEC
HLTHilton Worldwide Holdings Inc.Common stock 5.11% 3,030,578 $0.79B $345.12 $220.85 +56.3% Held Unchanged
Holding history

Quarterly holding historyCOM

QuarterSharesShare ΔValueSEC
2024 Q37,370,168—$1.70BSEC
2024 Q45,440,546-1,929,622$1.34BSEC
2025 Q13,000,770-2,439,776$0.68BSEC
2025 Q23,030,578+29,808$0.81BSEC
2025 Q33,030,578±0$0.79BSEC
2025 Q43,028,664-1,914$0.87BSEC
SEGSeaport Entertainment Group Inc.Common stock 0.75% 5,023,780 $0.12B $22.77 $28.79 -20.9% Held Unchanged
Holding history

Quarterly holding historyCOMMON STOCK

QuarterSharesShare ΔValueSEC
2024 Q32,094,673—$0.06BSEC
2024 Q45,023,780+2,929,107$0.14BSEC
2025 Q15,023,780±0$0.11BSEC
2025 Q25,023,780±0$0.09BSEC
2025 Q35,023,780±0$0.12BSEC
2025 Q45,023,780±0$0.10BSEC
2026 Q15,023,780±0$0.11BSEC
2026 Q25,023,780±0$0.13BSEC
HTZHertz Global Holdings, Inc.Common stock 0.67% 15,241,127 $0.10B $1.92 $4.02 -52.2% Held Unchanged
Holding history

Quarterly holding historyCOM NEW

QuarterSharesShare ΔValueSEC
2024 Q412,713,963—$0.05BSEC
2025 Q115,000,000+2,286,037$0.06BSEC
2025 Q215,241,127+241,127$0.10BSEC
2025 Q315,241,127±0$0.10BSEC
2025 Q415,241,127±0$0.08BSEC
2026 Q115,241,127±0$0.07BSEC
2026 Q214,991,599-249,528$0.03BSEC

Quarterly 13F history

Click a quarter to switch the whole page to that quarter's snapshot.

QuarterFiledReported valueSEC filing
2026 Q22026-08-14$19.47BSEC filing
2026 Q12026-05-15$14.28BSEC filing
2025 Q42026-02-17$16.24BSEC filing
2025 Q3Viewing2025-11-14$15.38BSEC filing
2025 Q22025-08-14$14.34BSEC filing
2025 Q12025-05-15$11.93BSEC filing
2024 Q42025-04-16$12.66BSEC filing
2024 Q32024-11-14$12.92BSEC filing

Trimmed 1

* Estimated cost basis: 13F filings do not disclose average purchase prices. For new positions since 2024 Q9, we estimate the cost basis using quarterly average prices. Positions with partial sales are marked unavailable. Returns based on these estimates are for reference only.

This page mechanically processes original 13F/HR filings on SEC EDGAR. Holdings are reported as of quarter-end and filings are submitted within 45 days, so actual holdings may differ. Coverage of options, derivatives, foreign equities and warrants may be limited. Do not rely on this page alone for investment decisions; verify the original filings at SEC EDGAR.