Loading the fund
Loading the fund
Q2 2026 holdings · 1 filing on record
Bill Ackman
Pershing Square Capital Management is the investment manager founded and led by Bill Ackman. Its approach centers on substantial stakes in a concentrated group of established companies, generally seeking businesses with dependable cash generation and room to increase their underlying value. The firm may work with management or advocate changes to operations, leadership and governance, although an investment does not automatically imply an activist campaign. It also uses selective hedges and other instruments when it sees attractive opportunities or risks to address. Pershing Square Holdings is one vehicle it manages, so the management firm's identity is broader than that listed fund alone.
Context Pershing Square and Ackman were defendants in litigation alleging improper trading in Allergan securities before a proposed takeover with Valeant. The derivatives-investor class action settled, with final court approval in 2018. The settlement notice records the defendants' denial of wrongdoing and their stated wish to avoid the costs and uncertainty of further litigation.
On June 30, 2026, Pershing Square Inc. held 14 positions in US-listed stocks worth $19.5 billion. The ten largest were 93.6% of it.
A 13F is a partial picture. Here is the part that is missing.
It lists long positions in US-listed stocks and options only. Not short positions, cash, ordinary bonds, anything listed only abroad, anything private, or anything bought and sold inside the quarter.
A quarterly SEC filing where large investment managers list the long positions in US-listed stocks and options they held at the end of the quarter. It is a snapshot, filed up to 45 days after that date.
Managers have 45 days after each quarter ends to file, and most of the funds we track file on the last permitted day. So the newest list still describes where the fund stood weeks ago, and the market has moved since.
How many equal-sized positions would be exactly this concentrated. Ten positions of the same size behave like 10. Ten positions where one holds most of the money behave like fewer than 2. It is 1 divided by the sum of each position’s squared share of the total.
Each line is one security as the manager filed it. Two share classes of one company, or a company’s stock and its convertible notes, are separate lines in the filing, and they stay separate here.
1 filing on record.
| Quarter ended | Reported to the SEC | Positions | Source |
|---|---|---|---|
| Jun 30, 2026 | Aug 14, 2026 | 14 | Open the SEC filing ↗ |
Where a manager later amended a filing, the date shown is the amendment’s. Every filing from this fund at the SEC ↗
⚠️ Public information, sourced from SEC 13F filings. A 13F shows long US-listed positions only; it cannot show shorts, cash, ordinary bonds, foreign lines, or anything bought and sold within the quarter. Values are the manager’s own quarter-end figures, filed up to 45 days later. Not financial advice.