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

Name: Pershing Square Capital Management, L.P. Q1 2026 13F Filing | 13F Explorer
Creator: Pershing Square Capital Management, L.P.
Published: 2026-05-15

Location: New York, NY

CIK: 0001336528 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $13.71B (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (1)

MSFT MICROSOFT CORP 15.3%

Value $2.093B Shares 5,654,078 Est. Cost $434.61 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	5,654,078	$2.093B	15.3%	$434.61	0.0%	COM	594918104

Increased Positions (1)

AMZN AMAZON COM INC 17.4%

Value $2.385B (+7.5%) Shares 11,451,981 (+19.2%) Est. Cost $212.76 Unrealized +6.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	11,451,981 (+19.2%)	$2.385B (+7.5%)	17.4%	$212.76	+6.6%	COM	023135106

Exited Positions (1)

HLT HILTON WORLDWIDE HLDGS INC 6.3%

Value $870M Shares 3,028,664 Est. Cost $84.12 Unrealized +262.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HLT	HILTON WORLDWIDE HLDGS INC	3,028,664	$870M	6.3%	$84.12	+262.7%	—	43300A203

Decreased Positions (3)

GOOG ALPHABET INC 0.7%

Value $89.42M (-95.4%) Shares 311,726 (-94.9%) Est. Cost $98.50 Unrealized +228.6%

BN BROOKFIELD CORP 17.6%

Value $2.416B (-14.3%) Shares 59,697,208 (-2.8%) Est. Cost $36.45 Unrealized +28.1%

GOOGL ALPHABET INC 0.1%

Value $9.31M (-95.6%) Shares 32,376 (-95.2%) Est. Cost $126.44 Unrealized +155.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	311,726 (-94.9%)	$89.42M (-95.4%)	0.7%	$98.50	+228.6%	CAP STK CL C	02079K107
BN	BROOKFIELD CORP	59,697,208 (-2.8%)	$2.416B (-14.3%)	17.6%	$36.45	+28.1%	CL A LTD VT SH	11271J107
GOOGL	ALPHABET INC	32,376 (-95.2%)	$9.31M (-95.6%)	0.1%	$126.44	+155.7%	CAP STK CL A	02079K305

Unchanged Positions (6)

UBER UBER TECHNOLOGIES INC 15.7%

Value $2.155B Shares 29,958,771 Est. Cost $72.04 Unrealized +9.3%

HHH HOWARD HUGHES HOLDINGS INC 8.7%

Value $1.193B Shares 18,852,064 Est. Cost $74.87 Unrealized +7.8%

META META PLATFORMS INC 11.1%

Value $1.522B Shares 2,660,861 Est. Cost $667.32 Unrealized -1.8%

QSR RESTAURANT BRANDS INTL INC 12.2%

Value $1.674B Shares 22,645,483 Est. Cost $43.37 Unrealized +57.7%

SEG SEAPORT ENTMT GROUP INC 0.8%

Value $108M Shares 5,023,780 Est. Cost $28.64 Unrealized -28.8%

HTZ HERTZ GLOBAL HLDGS INC 0.5%

Value $70.26M Shares 15,241,127 Est. Cost $3.72 Unrealized +39.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	29,958,771	$2.155B	15.7%	$72.04	+9.3%	COM	90353T100
HHH	HOWARD HUGHES HOLDINGS INC	18,852,064	$1.193B	8.7%	$74.87	+7.8%	COM	44267T102
META	META PLATFORMS INC	2,660,861	$1.522B	11.1%	$667.32	-1.8%	CL A	30303M102
QSR	RESTAURANT BRANDS INTL INC	22,645,483	$1.674B	12.2%	$43.37	+57.7%	COM	76131D103
SEG	SEAPORT ENTMT GROUP INC	5,023,780	$108M	0.8%	$28.64	-28.8%	COMMON STOCK	812215200
HTZ	HERTZ GLOBAL HLDGS INC	15,241,127	$70.26M	0.5%	$3.72	+39.8%	COM NEW	42806J700