Skip to main content
Livermore
Livermore
US stocksTW
ZHEN

Pershing Square

Superinvestor

Pershing Square Inc.

SEC CIK
0002026053
Manager
Bill Ackman
Style
Activist
Latest filing
Aug 14, 2026

The latest 13F from Pershing Square covers Q2 2026 (filed Aug 14, 2026): 14 long positions worth $19.5B. The top 10 holdings make up 93.6% of the portfolio, and the largest is Uber Technologies, Inc (UBER) at 12.7%. Livermore has 5 filings on Form 13F from this institution, going back to Q2 2025.

Predecessor filersPershing Square Capital Management, L.P.

What changed in Q2 2026

Full comparison

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

New
13
Est. +$17.5B
Added
1
Est. +$1.35B
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. UBERUber Technologies, Inc
    12.7%$2.48BHistory
  2. BNBROOKFIELD Corp
    12.6%$2.45BHistory
  3. MSFTMicrosoft Corp
    11.9%$2.32BHistory
  4. AMZNAmazon Com Inc
    10.5%$2.04BHistory
  5. HHHHoward Hughes Holdings Inc.
    10.2%$1.99BHistory

Share of portfolio

Top 5 holdings and the other 9 positions, by share of portfolio value

  1. UBER12.7%
  2. BN12.6%
  3. MSFT11.9%
  4. AMZN10.5%
  5. HHH10.2%
  6. Other 9 positions42.1%

Biggest buys

New and added positions, by estimated amount bought

  1. UBERUber Technologies, Inc
    +$2.48BNewHistory
  2. BNBROOKFIELD Corp
    +$2.45BNewHistory
  3. MSFTMicrosoft Corp
    +$2.32BNewHistory
  4. AMZNAmazon Com Inc
    +$2.04BNewHistory
  5. QSRRestaurant Brands International Inc.
    +$1.87BNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. UBERUber Technologies, Inc
    +12.72 pp0.0% → 12.7%History
  2. BNBROOKFIELD Corp
    +12.58 pp0.0% → 12.6%History
  3. MSFTMicrosoft Corp
    +11.89 pp0.0% → 11.9%History
  4. AMZNAmazon Com Inc
    +10.49 pp0.0% → 10.5%History
  5. QSRRestaurant Brands International Inc.
    +9.62 pp0.0% → 9.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

None this quarter.

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$19.5B
+$18.9B (+3,319.0%) vs. prior quarter
Positions
14
+13 vs. prior quarter
Top 10 concentration
93.6%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
1.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2025), so positions held before then are understated.

13F filings by quarter

5 quarters, going back to Q2 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $19.5B (Q2 2026)

Q2 2025: $607.5MQ3 2025: $739.5MQ4 2025: $717.9MQ1 2026: $569.3MQ2 2026: $19.5B
Q2 2025Q2 2026
13F filings of Pershing Square by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202614$19.5BUBERBNMSFTvs. Q1 2026SEC
Q1 2026May 15, 20261$569.3MHHHvs. Q4 2025SEC
Q4 2025Feb 17, 20261$717.9MHHHvs. Q3 2025SEC
Q3 2025Nov 14, 20251$739.5MHHHvs. Q2 2025SEC
Q2 2025Aug 14, 20251$607.5MHHH–SEC

13D and 13G filings

Companies where Pershing Square reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Pershing Square owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
PSUSPershing Square USA, Ltd.13D100.00%1.00M sharesNewMay 7, 20261 filingMay 7, 2026SEC
HHHHoward Hughes Holdings Inc.13D/A46.70%27.9M shares0.00 ppfrom 46.70%Oct 6, 202321 filingsJun 8, 2026SEC
QSRRestaurant Brands International Inc.13D/A7.80%27.1M shares+1.30 ppfrom 6.50%Apr 29, 20244 filingsMay 8, 2026SEC

Latest filings

39 filings on file made by Pershing Square or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Pershing Square
CompanyFiled (ET)FormStakeChangeEvent dateFiling
HHHHoward Hughes Holdings Inc.Jun 8, 20266:05 PM ET13D/A46.70%27.9M shares0.00 ppfrom 46.70%Jun 4, 2026SEC
QSRRestaurant Brands International Inc.May 8, 20268:45 PM ET13D/A7.80%27.1M shares+1.30 ppfrom 6.50%May 6, 2026SEC
PSUSPershing Square USA, Ltd.May 7, 20267:13 PM ET13D100.00%1.00M sharesNewApr 30, 2026SEC
HHHHoward Hughes Holdings Inc.Apr 29, 20267:02 PM ET13D/A46.70%27.9M shares−0.20 ppfrom 46.90%Apr 27, 2026SEC
QSRRestaurant Brands International Inc.Apr 29, 20266:59 PM ET13D/A6.50%22.6M shares–Apr 27, 2026SEC
HHHHoward Hughes Holdings Inc.Dec 19, 20255:18 PM ET13D/A46.90%27.9M shares0.00 ppfrom 46.90%Dec 17, 2025SEC
HHHHoward Hughes Holdings Inc.Aug 7, 20254:39 PM ET13D/A46.90%27.9M shares0.00 ppfrom 46.90%Aug 5, 2025SEC
HHHHoward Hughes Holdings Inc.May 7, 20258:22 PM ET13D/A46.90%27.9M shares+9.50 ppfrom 37.40%May 5, 2025SEC
HHHHoward Hughes Holdings Inc.Apr 30, 20257:41 AM ET13D/A37.40%18.9M shares0.00 ppfrom 37.40%Apr 29, 2025SEC
HHHHoward Hughes Holdings Inc.Apr 15, 20258:34 AM ET13D/A37.40%18.9M shares0.00 ppfrom 37.40%Apr 14, 2025SEC
HHHHoward Hughes Holdings Inc.Apr 7, 20252:04 PM ET13D/A37.40%18.9M shares0.00 ppfrom 37.40%Apr 5, 2025SEC
HHHHoward Hughes Holdings Inc.Mar 12, 20254:04 PM ET13D/A37.40%18.9M shares0.00 ppfrom 37.40%Mar 12, 2025SEC
HHHHoward Hughes Holdings Inc.Mar 3, 20257:20 AM ET13D/A37.40%18.9M shares−0.20 ppfrom 37.60%Mar 2, 2025SEC
HHHHoward Hughes Holdings Inc.Feb 18, 20255:33 PM ET13D/A37.60%18.9M shares0.00 ppfrom 37.60%Feb 13, 2025SEC
HHHHoward Hughes Holdings Inc.Jan 13, 20251:19 PM ET13D/A37.60%18.9M shares–Jan 13, 2025SEC
SEGSeaport Entertainment Group Inc.Oct 22, 202413D/AOld format–––SEC
SEGSeaport Entertainment Group Inc.Sep 25, 202413D/AOld format–––SEC
SEGSeaport Entertainment Group Inc.Aug 7, 202413DOld format–New–SEC
HHHHoward Hughes Holdings Inc.Aug 6, 202413D/AOld format–––SEC
HHHHoward Hughes Holdings Inc.Jul 25, 202413D/AOld format–––SEC