Pershing Square
Manager: Bill Ackman
PERSHING SQUARE INC. · CIK 0002026053 · Form 13F-HR · Accession 0001172661-26-003790
Reported Equity Holdings (USD)
$19.5bn
14 positions · mainly 13F (+ Non-US where noted)
Shown (≥1%)
11
13F lines combined (HHH once) · 3 under 1% hidden
Largest weights: Uber Technologies 12.7%, Brookfield Corporation 12.6%, Microsoft Corp. 11.9%. Sorted by USD value.
Reported Equity Holdings USD
3 names under 1% hidden (still included in Reported Equity Holdings). Weights vs full book — visible weights may sum to under 100%.
| # | Issuer | Ticker / listing | CCY | Value (USD) | Weight | Source | As of | Notes |
|---|---|---|---|---|---|---|---|---|
| 1 | Uber Technologies |
UBER · NYSE | USD | $2,477.0m | 12.7% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
| 2 | Brookfield Corporation |
BN · NYSE / TSX | USD | $2,448.1m | 12.6% | 13F | 13F — 30 Jun 2026 | CL A LTD VT SH Confirmed on PSH portfolio page / Jun 2026 interim. |
| 3 | Microsoft Corp. |
MSFT · Nasdaq | USD | $2,315.2m | 11.9% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
| 4 | Amazon.com, Inc. |
AMZN · Nasdaq | USD | $2,041.1m | 10.5% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
| 5 | Howard Hughes Holdings |
HHH · NYSE | USD | $1,991.1m | 10.2% | 13F | 13F — 30 Jun 2026 | COM Combined 2 13F rows (same CUSIP; split across included managers 1, 2, 3, 4, 1, 2, 3, 4, 6). Counted together once. Confirmed on PSH portfolio page / Jun 2026 interim. |
| 6 | Restaurant Brands International |
QSR · NYSE / TSX | USD | $1,872.3m | 9.6% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
| 7 | Meta Platforms |
META · Nasdaq | USD | $1,800.3m | 9.2% | 13F | 13F — 30 Jun 2026 | CL A Confirmed on PSH portfolio page / Jun 2026 interim. |
| 8 | Visa Inc. |
V · NYSE | USD | $1,122.1m | 5.8% | 13F | 13F — 30 Jun 2026 | COM CL A Confirmed on PSH portfolio page / Jun 2026 interim. |
| 9 | Mastercard Inc. |
MA · NYSE | USD | $1,091.2m | 5.6% | 13F | 13F — 30 Jun 2026 | CL A Confirmed on PSH portfolio page / Jun 2026 interim. |
| 10 | S&P Global Inc. |
SPGI · NYSE | USD | $1,056.1m | 5.4% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
| 11 | Netflix, Inc. |
NFLX · Nasdaq | USD | $934.0m | 4.8% | 13F | 13F — 30 Jun 2026 | COM Confirmed on PSH portfolio page / Jun 2026 interim. |
Methodology
- One book: All weights in USD. Reported Equity Holdings = Pershing Square Inc. 13F-HR reported values (same-issuer/CUSIP rows aggregated). PSCM LP filed 13F-NT for the period.
- US 13F: Pershing Square Inc. (CIK 0002026053) Form 13F-HR. Period end 30 Jun 2026, filed 14 Aug 2026. Pershing Square Capital Management, L.P. (CIK 0001336528) filed a 13F-NT for the same period; PSCM is included manager #1.
- Reported AUM vs equity book: Total Firm AUM (Core Strategy & HHH) (~$32.9bn as of 30 Sep 2026, PSH monthly Performance Report) ≫ the US 13F book (~$19.5bn as of 30 Jun 2026) — not missing stocks. Firm AUM (fn 8) adds full HHH mkt cap + net debt (~$9.9bn) while the 13F only values Core Funds’ HHH common (~$2.0bn); adds back PSH bond principal ($2.3bn + €1.15bn); and Core Strategy (fn 7) includes PSLP / PSINTL / PSUSA alongside PSH. PSH Interim 30 Jun 2026 also carries HHH Series A Preferred (~$1.02bn FV) inside PSH AUM, not in the 13F HHH common line. Alcon & ICE initiated after 30 Jun 2026 (Interim) — correctly absent from that 13F; on Sep Fact Sheet ≥3% but no public share/USD. FNMA / FMCC appear on website / Fact Sheet (≥3%) and in NAV performance, but no public share counts — not valued here. SPARC <3% / sponsor FV immaterial. Mixed as-of (13F 30 Jun vs AUM 30 Sep). ADV Part 2A June 2025 RAUM (~$18.8bn disc. as of 5 May 2025) is stale vs firm_site — Copycat uses firm_site Total Firm AUM.
- HHH: Two Howard Hughes 13F rows (managers 1–4 vs 1–4+6) combined into one economic line.
- Website align (after 13F): PSH portfolio page and Jun 2026 interim confirm core US names. Book values and weights are from the SEC 13F-HR only. PSH website / Jun 2026 interim used to confirm/align US names. Alcon & ICE initiated after 30 Jun 2026 (Interim) — correctly absent from that 13F; Sep Fact Sheet ≥3% but no public share/USD. FNMA/FMCC on website/Fact Sheet (≥3%) and in NAV performance with no public share counts; SPARC <3%/sponsor FV immaterial — none valued into this book. HHH Series A Preferred (~$1.02bn Interim NAV) is outside the 13F HHH common line. No Non-US regulator hunt — predominantly US equity book.
- Disclosed on PSH site / interim but not valued here (no 13F equity line): Alcon Inc., Intercontinental Exchange, Inc., Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Pershing Square SPARC Holdings, Ltd..
- Mixed as-of: US 13F as of period end 30 Jun 2026; website list is a later public disclosure of names.
- Reported AUM: Firm / strategy AUM from the manager's site or Form ADV where cited on this page — separate from Reported Equity Holdings.
- Shares / Discretion / Vote columns omitted. Value shown as USD market value ($m, 1 decimal, e.g. $17,700.0m). Weight to 1 decimal.
- Table shows positions with weight ≥ 1.0% only; names under 1% are hidden but still included in Reported Equity Holdings (USD) and the weight denominator.
- Raw data: EDGAR 13F · portfolio_combined.json · holdings.json