Bill Ackman – Pershing Square

Period:: Q2 2026
Portfolio date:: Jun 30, 2026
No. of stocks:: 14
Portfolio value:: $19,465,694,000
Filed:: Aug 14, 2026
Style:: Activist Investor

Hist	Stock	Activity	Share change	% change to portfolio
Q2 2026filed Aug 14, 265 new5 added1 reduced2 exited
≡	AMZN – AMAZON COM INC	Reduce 25.22%	−2,888,124	−6.91
≡	GOOG – ALPHABET INC	Sell	−311,726	−0.65
≡	GOOGL – ALPHABET INC	Sell	−32,376	−0.07
Q1 2026filed May 15, 261 new1 added2 reduced1 exited
≡	GOOG – ALPHABET INC	Reduce 94.94%	−5,852,145	−11.81
≡	HLT – HILTON WORLDWIDE HLDGS INC	Sell	−3,028,664	−5.60
≡	GOOGL – ALPHABET INC	Reduce 95.23%	−645,921	−1.30
Q4 2025filed Feb 17, 261 new2 added1 reduced1 exited
≡	GOOGL – ALPHABET INC	Reduce 86.00%	−4,165,676	−6.67
≡	CMG – CHIPOTLE MEXICAN GRILL INC	Sell	−21,541,177	−5.77
Q3 2025filed Nov 14, 251 reduced
≡	GOOGL – ALPHABET INC	Reduce 9.68%	−519,007	1.16
Q2 2025filed Aug 14, 251 new1 added1 exited
≡	CP – CANADIAN PACIFIC KANSAS CITY	Sell	−14,799,796	−8.71
Q4 2024filed Apr 16, 251 new11 exited
≡	BN – BROOKFIELD CORP	Sell	−32,735,883	−13.47
≡	HLT – HILTON WORLDWIDE HLDGS INC	Sell	−7,370,168	−13.15
≡	CMG – CHIPOTLE MEXICAN GRILL INC	Sell	−28,815,165	−12.85
≡	QSR – RESTAURANT BRANDS INTL INC	Sell	−23,000,914	−12.84
Q3 2024filed Nov 14, 242 new2 added1 reduced
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 17.67%	−1,582,122	−5.61
Q2 2024filed Aug 14, 242 new1 added2 reduced
≡	GOOGL – ALPHABET INC	Reduce 8.46%	−368,336	0.87
≡	GOOG – ALPHABET INC	Reduce 19.51%	−1,829,613	0.03
Q1 2024filed May 15, 241 reduced1 exited
≡	LOW – LOWES COS INC	Sell	−1,245,515	−2.67
≡	CMG – CHIPOTLE MEXICAN GRILL INC	Reduce 9.82%	−81,014	1.95
Q4 2023filed Feb 14, 241 added3 reduced
≡	LOW – LOWES COS INC	Reduce 82.37%	−5,821,108	−11.33
≡	CMG – CHIPOTLE MEXICAN GRILL INC	Reduce 13.49%	−128,610	1.50
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 10.91%	−1,124,320	1.33
Q3 2023filed Nov 14, 231 new2 added1 reduced1 exited
≡	HOWARD HUGHES CORP	Sell	−16,570,228	−12.09
≡	LOW – LOWES COS INC	Reduce 5.39%	−402,227	−1.59