Fund · Bill Ackman
Pershing Square
Eight to twelve big, simple, predictable businesses.
Copying every 13F the day after it was filed returned 16.5% a year, against 14.2% for SPY over the same 13.2 years and 53 quarters, since Aug 2013. Clone score 61 of 100: Coin flip.
| Manager | Bill Ackman |
| Clone score | 61 / 100 |
| Verdict | Coin flip |
| Copy, a year | 16.5% |
| SPY, a year | 14.2% |
| Edge, a year | +2.2% |
| Latest quarter | Q2 2026 |
| Filed | 14 Aug 2026 |
| 13F value | $19.5B |
| Positions | 14 |
Largest holdings
| Ticker | Name | Weight | Value | Change |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC | 12.7% | $2.5B | ADD |
| BN | BROOKFIELD CORP | 12.6% | $2.4B | TRIM |
| MSFT | MICROSOFT CORP | 11.9% | $2.3B | ADD |
| AMZN | AMAZON COM INC | 10.5% | $2.0B | TRIM |
| HHH | HOWARD HUGHES HOLDINGS INC | 10.2% | $2.0B | HOLD |
| QSR | RESTAURANT BRANDS INTL INC | 9.6% | $1.9B | ADD |
| META | META PLATFORMS INC | 9.2% | $1.8B | ADD |
| V | VISA INC | 5.8% | $1.1B | NEW |
| MA | MASTERCARD INCORPORATED | 5.6% | $1.1B | NEW |
| SPGI | S&P GLOBAL INC | 5.4% | $1.1B | NEW |
| NFLX | NETFLIX INC. | 4.8% | $934M | NEW |
| PSUS | PERSHING SQUARE USA LTD | 0.8% | $150M | NEW |
| SEG | SEAPORT ENTMT GROUP INC | 0.7% | $134M | HOLD |
| HTZ | HERTZ GLOBAL HLDGS INC | 0.2% | $34.0M | TRIM |