Bill Ackman
Pershing Square Capital Management
Founder of Pershing Square. Runs a concentrated portfolio of a dozen or so large companies and is known for public activist campaigns.
13F portfolio value
Q1 2026
$13.71B
1-year growth
+14.9%
2-year growth
+27.4%
Positions
11
Top 10 share
99.9%
Quarterly turnover
18.1%
Last filed
May 15, 2026
Q1 2026: summary
MakklerAI- MSFT was a new position at 15.3% of the portfolio, worth $2.1B.
- AMZN shares rose 19.2%; its portfolio weight increased from 14.3% to 17.4%, reaching $2.4B.
- GOOG and GOOGL shares fell 94.9% and 95.2%; HLT was sold out. BN, UBER and QSR were also trimmed.
- The portfolio held 11 positions worth $13.7B; its top ten made up 99.9%, with 18.1% turnover.
Portfolio value (13F)
$10.76BQ1 2024
$10.41BQ2 2024
$12.92BQ3 2024
$12.66BQ4 2024
$11.93BQ1 2025
$13.73BQ2 2025
$14.64BQ3 2025
$15.53BQ4 2025
$13.71BQ1 2026
| Quarter | Value | Positions | New | Added | Trimmed | Sold | Quarterly turnover |
|---|---|---|---|---|---|---|---|
| Q1 2026 | $13.71B | 11 | 1 | 1 | 5 | 1 | 18.1% |
| Q4 2025 | $15.53B | 11 | 1 | 2 | 2 | 1 | 14.5% |
| Q3 2025 | $14.64B | 11 | 0 | 0 | 1 | 0 | 0.0% |
| Q2 2025 | $13.73B | 11 | 1 | 3 | 0 | 1 | 8.7% |
| Q1 2025 | $11.93B | 11 | 1 | 3 | 4 | 1 | 18.8% |
| Q4 2024 | $12.66B | 11 | 1 | 3 | 2 | 1 | 3.5% |
| Q3 2024 | $12.92B | 11 | 2 | 2 | 3 | 0 | 3.0% |
| Q2 2024 | $10.41B | 9 | 2 | 0 | 6 | 0 | 4.9% |
| Q1 2024 | $10.76B | 7 | — | — | — | — | — |
Weight of the largest positions
The latest quarter's 10 largest positions, with their weights in earlier quarters.
| Stock | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|---|---|---|
| BN | — | 2.7% | 13.5% | 15.8% | 18.0% | 18.5% | 19.2% | 18.1% | 17.6% |
| AMZN | — | — | — | — | — | 9.3% | 8.7% | 14.3% | 17.4% |
| UBER | — | — | — | — | 18.5% | 20.6% | 20.3% | 15.9% | 15.7% |
| MSFT | — | — | — | — | — | — | — | — | 15.3% |
| QSR | 17.2% | 15.6% | 12.8% | 11.8% | 12.8% | 11.1% | 10.0% | 10.0% | 12.2% |
| META | — | — | — | — | — | — | — | 11.4% | 11.1% |
| HHH | 12.7% | 11.7% | 11.3% | 11.5% | 11.7% | 9.3% | 10.6% | 9.7% | 8.7% |
| SEG | — | — | 0.4% | 1.1% | 0.9% | 0.7% | 0.8% | 0.6% | 0.8% |
| GOOG | 13.3% | 13.3% | 9.8% | 11.4% | 8.3% | 8.2% | 10.5% | 12.5% | 0.7% |
| HTZ | — | — | — | 0.4% | 0.5% | 0.8% | 0.7% | 0.5% | 0.5% |
| GOOGL | 6.1% | 7.0% | 5.1% | 6.0% | 5.8% | 6.9% | 8.0% | 1.4% | <0.1% |
MakklerAI
Ask MakklerAI about Bill Ackman's portfolio
Explore this quarter's moves and where each position stands against its estimated buy price and Makkler Fair Value. Answers are based on the 13F and today's prices.