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Pershing Square Capital Management, L.P.

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13F filer, CIK 1336528, New York, NY

Pershing Square Capital Management, L.P. reported $13,714,299,861 across 11 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 99.93% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-002336

Period
2026-03-31
Reported value
$13.7B
Holdings
11
Top 10 weight
99.93%
New
1
Sold out
1

Part of the filer group PERSHING SQUARE INC.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSFTnew+5,654,078$2.09B
AMZNadded+1,844,157$384M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GOOGreduced-5,852,145-$1.68B
HLTexited-3,028,664-$870M
GOOGLreduced-645,921-$186M
BNreduced-1,705,881-$69M
UBERreduced-248,963-$17.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001172661-26-002336, largest first. % of portfolio is the value over $13,714,299,861, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 32,735,883 shares; 2024Q4: 34,893,064 shares; 2025Q1: 41,004,657 shares; 2025Q2: 41,160,397 shares; 2025Q3: 41,020,231 shares; 2025Q4: 61,403,089 shares; 2026Q1: 59,697,208 shares 59,697,208$2.42B17.62%-1,705,881Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,823,316 shares; 2025Q3: 5,823,316 shares; 2025Q4: 9,607,824 shares; 2026Q1: 11,451,981 shares 11,451,981$2.39B17.39%+1,844,157Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,301,161 shares; 2025Q2: 30,301,161 shares; 2025Q3: 30,270,518 shares; 2025Q4: 30,207,734 shares; 2026Q1: 29,958,771 shares 29,958,771$2.15B15.71%-248,963Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 5,654,078 shares 5,654,078$2.09B15.26%newTimeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 23,000,914 shares; 2024Q4: 23,000,914 shares; 2025Q1: 23,000,914 shares; 2025Q2: 23,000,914 shares; 2025Q3: 22,915,496 shares; 2025Q4: 22,866,773 shares; 2026Q1: 22,645,483 shares 22,645,483$1.67B12.2%-221,290Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,673,569 shares; 2026Q1: 2,660,861 shares 2,660,861$1.52B11.1%-12,708Timeline
HHHHOWARD HUGHES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 18,852,064 shares; 2024Q4: 18,852,064 shares; 2025Q1: 18,852,064 shares; 2025Q2: 18,852,064 shares; 2025Q3: 18,852,064 shares; 2025Q4: 18,852,064 shares; 2026Q1: 18,852,064 shares 18,852,064$1.19B8.7%0Timeline
SEGSEAPORT ENTMT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,094,673 shares; 2024Q4: 5,023,780 shares; 2025Q1: 5,023,780 shares; 2025Q2: 5,023,780 shares; 2025Q3: 5,023,780 shares; 2025Q4: 5,023,780 shares; 2026Q1: 5,023,780 shares 5,023,780$108M0.79%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 7,547,582 shares; 2024Q4: 7,547,582 shares; 2025Q1: 6,324,031 shares; 2025Q2: 6,324,031 shares; 2025Q3: 6,324,031 shares; 2025Q4: 6,163,871 shares; 2026Q1: 311,726 shares 311,726$89.4M0.65%-5,852,145Timeline
HTZHERTZ GLOBAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,713,963 shares; 2025Q1: 15,000,000 shares; 2025Q2: 15,241,127 shares; 2025Q3: 15,241,127 shares; 2025Q4: 15,241,127 shares; 2026Q1: 15,241,127 shares 15,241,127$70.3M0.51%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,986,488 shares; 2024Q4: 3,986,488 shares; 2025Q1: 4,437,980 shares; 2025Q2: 5,362,980 shares; 2025Q3: 4,843,973 shares; 2025Q4: 678,297 shares; 2026Q1: 32,376 shares 32,376$9.31M0.07%-645,921Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HLTHILTON WORLDWIDE HLDGS INC3,028,664$870Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-002336 base2026-05-15acceptance time not in the bulk data set