Pershing Square Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Pershing Square Capital Management disclosed 11 US equity positions worth $14.6bn in its Q3 2025 13F filing. The largest position was UBER at 20.3% of the reported book, followed by BN and HHH. Against the Q2 2025 filing, it opened 0 new positions, added to 0 and reduced 1 among the top 11 holdings.
What did Pershing Square Capital Management own in Q3 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | UBER UBER TECHNOLOGIES INC | Technology | 20.3% | $3.0bn | 30,270,518 | -0% | held |
| 2 | BN BROOKFIELD CORP | Financial Services | 19.2% | $2.8bn | 41,020,231 | -0% | held |
| 3 | HHH HOWARD HUGHES HOLDINGS INC | Real Estate | 10.6% | $1.5bn | 18,852,064 | 0% | held |
| 4 | GOOG ALPHABET INC | Communication Services | 10.5% | $1.5bn | 6,324,031 | 0% | held |
| 5 | QSR RESTAURANT BRANDS INTL INC | Consumer Cyclical | 10.0% | $1.5bn | 22,915,496 | -0% | held |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 8.7% | $1.3bn | 5,823,316 | 0% | held |
| 7 | GOOGL ALPHABET INC | Communication Services | 8.0% | $1.2bn | 4,843,973 | -10% | reduced |
| 8 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 5.8% | $844.2m | 21,541,177 | 0% | held |
| 9 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 5.4% | $786.3m | 3,030,578 | 0% | held |
| 10 | SEAPORT ENTMT GROUP INC | 0.8% | $115.1m | 5,023,780 | 0% | held | |
| 11 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.7% | $103.6m | 15,241,127 | 0% | held |
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.