Skip to main

Loading market overview…

Brief Macro Global Trade Intel Watchlist Dossiers Insights Politicians Superinvestors Picks Scenarios Alerts

New alert

Loading watch

LIVENYSE — · ETFEED MKT · — msBUILD c2310fd

ALAN is not a broker-dealer or investment advisor. All data is informational only and does not constitute investment advice. Past performance does not guarantee future results.

Back to superinvestors

Superinvestor · 13F · CIK 1336528Value

Pershing Square Capital Management, L.P.

Ackman, B.AUM $13.71B11 positionsas of 2026-03-31

Single-digit names. Activist construction; turnover is low but conviction shifts are explicit when they happen.

EDGAR 13F filings

Portfolio concentration

HHI

1,442

Top 5

78.2%

Top 10

99.9%

BN 17.6%AMZN 17.4%UBER 15.7%MSFT 15.3%QSR 12.2%

AUM · last 12 quarters

Q2'23: $10.82B+26.8% over periodQ1'26: $13.71B

Asset mix · by security type

Common Stock

100.0%

11

Holdings · 18 quarters on record

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021

Period: 2026-03-31Filed: 2026-05-15AUM: $13.71BPositions: 11activity vs Q4 2025

Stock	% Port	Activity	Shares	Rpt price	Value▼	Price now	vs Rpt	52-wk range
BN BROOKFIELD CORP	17.62%	-2.8%	59.70M	$40.47	$2.42B	$43.63	+7.8%	$37.93$49.57
AMZN AMAZON COM INC	17.39%	+19.2%	11.45M	$208.27	$2.39B	$247.23	+18.7%	$196.00$278.56
UBER UBER TECHNOLOGIES INC	15.71%	-0.8%	29.96M	$71.93	$2.15B	$72.46	+0.7%	$67.19$101.99
MSFT MICROSOFT CORP	15.26%	NEW	5.65M	$370.17	$2.09B	$393.82	+6.4%	$349.20$555.45
QSR RESTAURANT BRANDS INTL INC	12.20%	-1.0%	22.65M	$73.90	$1.67B	$75.01	+1.5%	$61.33$81.96
META META PLATFORMS INC	11.10%	-0.5%	2.66M	$572.13	$1.52B	$646.01	+12.9%	$520.26$796.25
HHH HOWARD HUGHES HOLDINGS INC	8.70%	UNCH	18.85M	$63.26	$1.19B	$70.32	+11.2%	$61.01$91.07
SEG SEAPORT ENTMT GROUP INC	0.79%	UNCH	5.02M	$21.48	$107.9M	$26.48	+23.3%	$17.74$28.34
GOOG ALPHABET INC	0.65%	-94.9%	311.7K	$286.86	$89.4M	$346.12	+20.7%	$187.05$404.47
HTZ HERTZ GLOBAL HLDGS INC	0.51%	UNCH	15.24M	$4.61	$70.3M	$1.80	-61.0%	$1.75$8.36
GOOGL ALPHABET INC	0.07%	-95.2%	32.4K	$287.56	$9.3M	$346.77	+20.6%	$186.15$408.61

END · SHOWING ALL 11

Portfolio evolution · top positions · 18 quarters

LOWUBERCMGBNMSFTQSRHLTAMZNOther% of reported 13F book · dots mark first appearance

Activity · filing over filing

Q1 2026 · filed 2026-05-151 new · 1 adds · 6 trims · 1 exits

TRIM	BNBROOKFIELD CORP	-1.71M sh(-2.8%)	$2.42B	17.62%
ADD	AMZNAMAZON COM INC	+1.84M sh(+19.2%)	$2.39B	17.39%
TRIM	UBERUBER TECHNOLOGIES INC	-249.0K sh(-0.8%)	$2.15B	15.71%
NEW	MSFTMICROSOFT CORP	+5.65M sh	$2.09B	15.26%
TRIM	QSRRESTAURANT BRANDS INTL INC	-221.3K sh(-1.0%)	$1.67B	12.20%
TRIM	METAMETA PLATFORMS INC	-12.7K sh(-0.5%)	$1.52B	11.10%
SOLD ALL	HLTHILTON WORLDWIDE HLDGS INC	-3.03M sh	$870.0Mprior	--
TRIM	GOOGALPHABET INC	-5.85M sh(-94.9%)	$89.4M	0.65%
TRIM	GOOGLALPHABET INC	-645.9K sh(-95.2%)	$9.3M	0.07%

Q4 2025 · filed 2026-02-171 new · 2 adds · 5 trims · 1 exits

ADD	BNBROOKFIELD CORP	+20.38M sh(+49.7%)	$2.82B	18.15%
TRIM	UBERUBER TECHNOLOGIES INC	-62.8K sh(-0.2%)	$2.47B	15.90%
ADD	AMZNAMAZON COM INC	+3.78M sh(+65.0%)	$2.22B	14.28%
TRIM	GOOGALPHABET INC	-160.2K sh(-2.5%)	$1.93B	12.46%
NEW	METAMETA PLATFORMS INC	+2.67M sh	$1.76B	11.37%
TRIM	QSRRESTAURANT BRANDS INTL INC	-48.7K sh(-0.2%)	$1.56B	10.05%
TRIM	HLTHILTON WORLDWIDE HLDGS INC	-1,914 sh(-0.1%)	$870.0M	5.60%
SOLD ALL	CMGCHIPOTLE MEXICAN GRILL INC	-21.54M sh	$844.2Mprior	--
TRIM	GOOGLALPHABET INC	-4.17M sh(-86.0%)	$212.3M	1.37%

Q3 2025 · filed 2025-11-140 new · 0 adds · 4 trims · 0 exits

TRIM	UBERUBER TECHNOLOGIES INC	-30.6K sh(-0.1%)	$2.97B	20.25%
TRIM	BNBROOKFIELD CORP	-140.2K sh(-0.3%)	$2.81B	19.21%
TRIM	QSRRESTAURANT BRANDS INTL INC	-85.4K sh(-0.4%)	$1.47B	10.04%
TRIM	GOOGLALPHABET INC	-519.0K sh(-9.7%)	$1.18B	8.04%

Q2 2025 · filed 2025-08-141 new · 4 adds · 0 trims · 1 exits

ADD	BNBROOKFIELD CORP	+155.7K sh(+0.4%)	$2.55B	18.54%
NEW	AMZNAMAZON COM INC	+5.82M sh	$1.28B	9.31%
SOLD ALL	CPCANADIAN PACIFIC KANSAS CITY	-14.80M sh	$1.04Bprior	--
ADD	GOOGLALPHABET INC	+925.0K sh(+20.8%)	$945.1M	6.88%
ADD	HLTHILTON WORLDWIDE HLDGS INC	+29.8K sh(+1.0%)	$807.2M	5.88%
ADD	HTZHERTZ GLOBAL HLDGS INC	+241.1K sh(+1.6%)	$104.1M	0.76%

Q1 2025 · filed 2025-05-151 new · 3 adds · 4 trims · 1 exits

NEW	UBERUBER TECHNOLOGIES INC	+30.30M sh	$2.21B	18.50%
ADD	BNBROOKFIELD CORP	+6.11M sh(+17.5%)	$2.15B	18.01%
SOLD ALL	NKENIKE INC	-18.77M sh	$1.42Bprior	--
TRIM	CMGCHIPOTLE MEXICAN GRILL INC	-3.11M sh(-12.6%)	$1.08B	9.07%
TRIM	CPCANADIAN PACIFIC KANSAS CITY	-77.9K sh(-0.5%)	$1.04B	8.71%
TRIM	GOOGALPHABET INC	-1.22M sh(-16.2%)	$988.0M	8.28%
ADD	GOOGLALPHABET INC	+451.5K sh(+11.3%)	$686.3M	5.75%
TRIM	HLTHILTON WORLDWIDE HLDGS INC	-2.44M sh(-44.8%)	$682.8M	5.72%
ADD	HTZHERTZ GLOBAL HLDGS INC	+2.29M sh(+18.0%)	$59.1M	0.50%

Q4 2024 · filed 2025-02-141 new · 3 adds · 2 trims · 1 exits

ADD	BNBROOKFIELD CORP	+2.16M sh(+6.6%)	$2.00B	15.83%
TRIM	CMGCHIPOTLE MEXICAN GRILL INC	-4.16M sh(-14.4%)	$1.49B	11.74%
ADD	NKENIKE INC	+2.49M sh(+15.3%)	$1.42B	11.22%
TRIM	HLTHILTON WORLDWIDE HLDGS INC	-1.93M sh(-26.2%)	$1.34B	10.62%
ADD	SEGSEAPORT ENTMT GROUP INC	+2.93M sh(+140%)	$140.4M	1.11%
NEW	HTZHERTZ GLOBAL HLDGS INC	+12.71M sh	$46.5M	0.37%
SOLD ALL	SEGRTSEAPORT ENTMT GROUP INC	-2.09M sh	$6.2Mprior	--

Q3 2024 · filed 2024-11-142 new · 2 adds · 3 trims · 0 exits

ADD	BNBROOKFIELD CORP	+25.88M sh(+378%)	$1.74B	13.47%
TRIM	HLTHILTON WORLDWIDE HLDGS INC	-1.58M sh(-17.7%)	$1.70B	13.15%
TRIM	QSRRESTAURANT BRANDS INTL INC	-141.6K sh(-0.6%)	$1.66B	12.84%
ADD	NKENIKE INC	+13.24M sh(+436%)	$1.44B	11.14%
TRIM	CPCANADIAN PACIFIC KANSAS CITY	-88.0K sh(-0.6%)	$1.27B	9.85%
NEW	SEGSEAPORT ENTMT GROUP INC	+2.09M sh	$57.4M	0.44%
NEW	SEGRTSEAPORT ENTMT GROUP INC	+2.09M sh	$6.2M	0.05%

Q2 2024 · filed 2024-08-142 new · 1 adds · 5 trims · 0 exits

TRIM	HLTHILTON WORLDWIDE HLDGS INC	-228.9K sh(-2.5%)	$1.95B	18.76%
ADD	CMGCHIPOTLE MEXICAN GRILL INC	+28.07M sh(+3773%)	$1.81B	17.34%
TRIM	QSRRESTAURANT BRANDS INTL INC	-205.6K sh(-0.9%)	$1.63B	15.64%
TRIM	GOOGALPHABET INC	-1.83M sh(-19.5%)	$1.38B	13.30%
TRIM	CPCANADIAN PACIFIC KANSAS CITY	-129.9K sh(-0.9%)	$1.18B	11.32%
TRIM	GOOGLALPHABET INC	-368.3K sh(-8.5%)	$726.1M	6.97%
NEW	BNBROOKFIELD CORP	+6.85M sh	$284.7M	2.73%
NEW	NKENIKE INC	+3.04M sh	$229.1M	2.20%

Q1 2024 · filed 2024-05-150 new · 0 adds · 1 trims · 1 exits

TRIM	CMGCHIPOTLE MEXICAN GRILL INC	-81.0K sh(-9.8%)	$2.16B	20.10%
SOLD ALL	LOWLOWES COS INC	-1.25M sh	$277.2Mprior	--

Q4 2023 · filed 2024-02-140 new · 1 adds · 3 trims · 0 exits

TRIM	CMGCHIPOTLE MEXICAN GRILL INC	-128.6K sh(-13.5%)	$1.89B	18.15%
TRIM	HLTHILTON WORLDWIDE HLDGS INC	-1.12M sh(-10.9%)	$1.67B	16.08%
ADD	HHHHOWARD HUGHES HOLDINGS INC	+2.05M sh(+12.2%)	$1.61B	15.51%
TRIM	LOWLOWES COS INC	-5.82M sh(-82.4%)	$277.2M	2.67%

Q3 2023 · filed 2023-11-141 new · 2 adds · 1 trims · 1 exits

ADD	HLTHILTON WORLDWIDE HLDGS INC	+972.6K sh(+10.4%)	$1.55B	14.75%
TRIM	LOWLOWES COS INC	-402.2K sh(-5.4%)	$1.47B	14.00%
SOLD ALL	HHCHOWARD HUGHES CORP	-16.57M sh	$1.31Bprior	--
NEW	HHHHOWARD HUGHES HOLDINGS INC	+16.81M sh	$1.25B	11.87%
ADD	GOOGLALPHABET INC	+2.17M sh(+99.3%)	$569.9M	5.43%

Q2 2023 · filed 2023-08-141 new · 3 adds · 3 trims · 1 exits

TRIM	CMGCHIPOTLE MEXICAN GRILL INC	-75.6K sh(-7.3%)	$2.04B	18.86%
TRIM	QSRRESTAURANT BRANDS INTL INC	-846.0K sh(-3.5%)	$1.81B	16.73%
TRIM	LOWLOWES COS INC	-2.57M sh(-25.6%)	$1.69B	15.58%
ADD	HLTHILTON WORLDWIDE HLDGS INC	+33.8K sh(+0.4%)	$1.36B	12.56%
ADD	HHCHOWARD HUGHES CORP	+585.7K sh(+3.7%)	$1.31B	12.09%
NEW	CPCANADIAN PACIFIC KANSAS CITY	+15.10M sh	$1.22B	11.27%
SOLD ALL	CPXXXXCANADIAN PAC RY LTD	-15.24M sh	$1.17Bprior	--
ADD	GOOGALPHABET INC	+1.31M sh(+16.2%)	$1.13B	10.49%

Filing lag intelligence

Avg filing lag: 45 daysSLOW FILER

45d

Q1'26

45d

Q4'25

48d

Q3'25

45d

Q2'25

45d

Q1'25

45d

Q4'24

45d

Q3'24

45d

Q2'24

45d

DEADLINE

Position timelines · 18 holdings

QSRCMGHLTHHHBNUBERAMZNMETAMSFTHHCOther

Conviction heatmap · quarterly weight by position

Q2'23

Q3'23

Q4'23

Q1'24

Q2'24

Q3'24

Q4'24

Q1'25

Q2'25

Q3'25

Q4'25

Q1'26

QSR

16.7

14.8

17.5

17.2

15.6

12.8

11.8

12.8

11.1

10.0

12.2

CMG

18.9

16.6

18.1

20.1

17.3

12.9

11.7

9.1

8.8

5.8

—

HLT

12.6

14.7

16.1

18.2

18.8

13.2

10.6

5.7

5.9

5.4

5.6

—

HHH

—

11.9

15.5

12.7

11.7

11.3

11.5

11.7

9.3

10.6

9.7

8.7

BN

—

2.7

13.5

15.8

18.0

18.5

19.2

18.1

17.6

GOOG

10.5

11.8

12.7

13.3

9.8

11.4

8.3

8.2

10.5

12.5

0.7

UBER

—

18.5

20.6

20.3

15.9

15.7

CP

11.3

10.7

11.5

12.4

11.3

9.9

8.5

8.7

—

GOOGL

2.4

5.4

5.9

6.1

7.0

5.1

6.0

5.8

6.9

8.0

1.4

0.1

AMZN

—

9.3

8.7

14.3

17.4

LOW

15.6

14.0

2.7

—

NKE

—

2.2

11.1

11.2

—

META

—

11.4

11.1

MSFT

—

15.3

HHC

12.1

—

SEG

—

0.4

1.1

0.9

0.7

0.8

0.6

0.8

HTZ

—

0.4

0.5

0.8

0.7

0.5

SEGRT

—

0.0

—

0%
20%+

5%10%15%

Performance during holding period

AMZN

+59.8%

UBER

+66.6%

MSFT

+8.7%

QSR

-4.7%

META

+99.4%

GOOG

+137.1%

GOOGL

+140.2%

BN

NO DATA

HHH

NO DATA

SEG

NO DATA

HTZ

NO DATA

Monthly closes from DailyBar during reported holding period. 4 positions missing bar data.

Cross-filer comparison

Mandel, S. (Lone Pine Capital LLC)Shaw, D. (D. E. Shaw & Co., Inc.)Dalio, R. (Bridgewater Associates, LP)Siegel / Overdeck (Two Sigma Investments, LP)Ackman, B. (Pershing Square Capital Management, L.P.)

Asset-mix rotation · allocation over time

Common Stock

Biggest position changes · vs prior quarterAlert on moves

Top 5 added

MSFT
MICROSOFT CORP
+5.65M
AMZN
AMAZON COM INC
+1.84M

Top 5 reduced

GOOG
ALPHABET INC
-5.85M

Co-investors in BN

Other curated managers also holding BN

Crowding detector · consensus vs contrarian positions

AMZNAMAZON COM INCCONSENSUSHELD

16/24 filers6.7%

METAMETA PLATFORMS INCCONSENSUSHELD

15/24 filers3.3%

GOOGLALPHABET INCCONSENSUSHELD

15/24 filers2.6%

MSFTMICROSOFT CORPCONSENSUSHELD

13/24 filers2.7%

UBERUBER TECHNOLOGIES INCCONSENSUSHELD

11/24 filers2.2%

GOOGALPHABET INCCONSENSUSHELD

11/24 filers1.9%

TSMTAIWAN SEMICONDUCTOR MANUFACCONSENSUS

15/24 filers3.5%

NVDANVIDIA CORPORATIONCONSENSUS

13/24 filers4.0%

VVISA INCCONSENSUS

12/24 filers2.0%

AVGOBROADCOM INCCONSENSUS

12/24 filers1.8%

MUMICRON TECHNOLOGY INCCONSENSUS

11/24 filers1.6%

LRCXLAM RESEARCH CORPCONSENSUS

11/24 filers1.4%

ASMLASML HLDG NVCONSENSUS

11/24 filers1.3%

SPOTSPOTIFY TECHNOLOGY S ACONSENSUS

11/24 filers1.0%

COFCAPITAL ONE FINL CORPCONSENSUS

11/24 filers0.7%

RDDTREDDIT INCCONSENSUS

11/24 filers0.4%

AAPLAPPLE INCCONSENSUS

10/24 filers3.5%

VSTVISTRA CORPCONSENSUS

10/24 filers1.4%

CRHCRH PLCCONSENSUS

10/24 filers1.3%

TSLATESLA INCCONSENSUS

10/24 filers1.1%

Source: SEC EDGAR · CIK 0001336528 · filing period 2026-03-31

Point-in-time snapshot. Data may be delayed and is shown for informational purposes only — not a recommendation to buy or sell any security. Verify against issuer filings and primary sources before acting.
As of 2026-03-31.
13F filings are reported with a regulatory lag of up to 45 days after quarter-end.