Pershing Square Capital Management 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Pershing Square Capital Management disclosed 11 US equity positions worth $11.9bn in its Q1 2025 13F filing. The largest position was UBER at 18.5% of the reported book, followed by BN and QSR. Against the Q4 2024 filing, it opened 1 new position, added to 3 and reduced 4 among the top 11 holdings.
What did Pershing Square Capital Management own in Q1 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | UBER UBER TECHNOLOGIES INC | Technology | 18.5% | $2.2bn | 30,301,161 | – | new |
| 2 | BN BROOKFIELD CORP | Financial Services | 18.0% | $2.1bn | 41,004,657 | 18% | added |
| 3 | QSR RESTAURANT BRANDS INTL INC | Consumer Cyclical | 12.8% | $1.5bn | 23,000,914 | 0% | held |
| 4 | HHH HOWARD HUGHES HOLDINGS INC | Real Estate | 11.7% | $1.4bn | 18,852,064 | 0% | held |
| 5 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 9.1% | $1.1bn | 21,541,177 | -13% | reduced |
| 6 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 8.7% | $1.0bn | 14,799,796 | -1% | reduced |
| 7 | GOOG ALPHABET INC | Communication Services | 8.3% | $988.0m | 6,324,031 | -16% | reduced |
| 8 | GOOGL ALPHABET INC | Communication Services | 5.8% | $686.3m | 4,437,980 | 11% | added |
| 9 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 5.7% | $682.8m | 3,000,770 | -45% | reduced |
| 10 | SEAPORT ENTMT GROUP INC | 0.9% | $107.9m | 5,023,780 | 0% | held | |
| 11 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.5% | $59.1m | 15,000,000 | 18% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.