Pershing Square Capital Management, L.P. Long-Term Concentrated

Name: Pershing Square Capital Management, L.P. Q3 2025 13F Filing | 13F Explorer
Creator: Pershing Square Capital Management, L.P.
Published: 2025-11-14

Location: New York, NY

CIK: 0001336528 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $14.64B (100.0% shares, 0.0% debt)

Holdings (11)

UBER UBER TECHNOLOGIES INC 20.3%

Value $2.966B Shares 30,270,518 Est. Cost $72.04 Unrealized +29.8%

BN BROOKFIELD CORP 19.2%

Value $2.813B Shares 41,020,231 Est. Cost $31.93 Unrealized +38.5%

HHH HOWARD HUGHES HOLDINGS INC 10.6%

Value $1.549B Shares 18,852,064 Est. Cost $74.87 Unrealized -1.1%

GOOG ALPHABET INC 10.5%

Value $1.54B Shares 6,324,031 Est. Cost $98.50 Unrealized +113.1%

QSR RESTAURANT BRANDS INTL INC 10.0%

Value $1.47B Shares 22,915,496 Est. Cost $43.37 Unrealized +51.7%

AMZN AMAZON COM INC 8.7%

Value $1.279B Shares 5,823,316 Est. Cost $197.89 Unrealized +14.4%

GOOGL ALPHABET INC 8.0%

Value $1.178B Shares 4,843,973 Est. Cost $126.44 Unrealized +65.4%

CMG CHIPOTLE MEXICAN GRILL INC 5.8%

Value $844M Shares 21,541,177 Est. Cost $60.74 Unrealized -25.9%

HLT HILTON WORLDWIDE HLDGS INC 5.4%

Value $786M Shares 3,030,578 Est. Cost $84.12 Unrealized +221.1%

SEG SEAPORT ENTMT GROUP INC 0.8%

Value $115M Shares 5,023,780 Est. Cost $28.64 Unrealized -18.0%

HTZ HERTZ GLOBAL HLDGS INC 0.7%

Value $104M Shares 15,241,127 Est. Cost $3.72 Unrealized +72.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	30,270,518	$2.966B	20.3%	$72.04	+29.8%	COM	90353T100
BN	BROOKFIELD CORP	41,020,231	$2.813B	19.2%	$31.93	+38.5%	CL A LTD VT SH	11271J107
HHH	HOWARD HUGHES HOLDINGS INC	18,852,064	$1.549B	10.6%	$74.87	-1.1%	COM	44267T102
GOOG	ALPHABET INC	6,324,031	$1.54B	10.5%	$98.50	+113.1%	CAP STK CL C	02079K107
QSR	RESTAURANT BRANDS INTL INC	22,915,496	$1.47B	10.0%	$43.37	+51.7%	COM	76131D103
AMZN	AMAZON COM INC	5,823,316	$1.279B	8.7%	$197.89	+14.4%	COM	023135106
GOOGL	ALPHABET INC	4,843,973	$1.178B	8.0%	$126.44	+65.4%	CAP STK CL A	02079K305
CMG	CHIPOTLE MEXICAN GRILL INC	21,541,177	$844M	5.8%	$60.74	-25.9%	COM	169656105
HLT	HILTON WORLDWIDE HLDGS INC	3,030,578	$786M	5.4%	$84.12	+221.1%	COM	43300A203
SEG	SEAPORT ENTMT GROUP INC	5,023,780	$115M	0.8%	$28.64	-18.0%	COMMON STOCK	812215200
HTZ	HERTZ GLOBAL HLDGS INC	15,241,127	$104M	0.7%	$3.72	+72.9%	COM NEW	42806J700