Pershing Square Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Pershing Square Capital Management disclosed 11 US equity positions worth $15.5bn in its Q4 2025 13F filing. The largest position was BN at 18.1% of the reported book, followed by UBER and AMZN. Against the Q3 2025 filing, it opened 1 new position, added to 2 and reduced 2 among the top 11 holdings.
What did Pershing Square Capital Management own in Q4 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BN BROOKFIELD CORP | Financial Services | 18.1% | $2.8bn | 61,403,089 | 50% | added |
| 2 | UBER UBER TECHNOLOGIES INC | Technology | 15.9% | $2.5bn | 30,207,734 | -0% | held |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 14.3% | $2.2bn | 9,607,824 | 65% | added |
| 4 | GOOG ALPHABET INC | Communication Services | 12.5% | $1.9bn | 6,163,871 | -3% | reduced |
| 5 | META META PLATFORMS INC | Communication Services | 11.4% | $1.8bn | 2,673,569 | – | new |
| 6 | QSR RESTAURANT BRANDS INTL INC | Consumer Cyclical | 10.0% | $1.6bn | 22,866,773 | -0% | held |
| 7 | HHH HOWARD HUGHES HOLDINGS INC | Real Estate | 9.7% | $1.5bn | 18,852,064 | 0% | held |
| 8 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 5.6% | $870.0m | 3,028,664 | -0% | held |
| 9 | GOOGL ALPHABET INC | Communication Services | 1.4% | $212.3m | 678,297 | -86% | reduced |
| 10 | SEAPORT ENTMT GROUP INC | 0.6% | $99.3m | 5,023,780 | 0% | held | |
| 11 | HTZ HERTZ GLOBAL HLDGS INC | Industrials | 0.5% | $78.3m | 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.