Portrait of Bill Ackman

Superinvestor · snapshot Q4 2025

Bill Ackman

Pershing Square Capital Management

qualityactivist

Activist running a 10-12 name concentrated long book in high-quality North American businesses. Often uses the activist bullhorn to unlock governance or strategic change.

Prism interpretation

Concentrated quality activist — 10 names, high conviction, heavy consumer/services tilt.
Focused — meaningful conviction in a handful of names.

Concentration profile

Positions

7

Top 1

21%

Top 5

81%

Top 10

100%

Effective N

6.4

Holdings · 7

Curated summary

Click any ticker for the full Prism report.

  1. 01
    UBERUber Technologies
    18.7%
  2. 02
    BNBrookfield Corporation
    16.6%
  3. 03
    CMGChipotle Mexican Grill
    13.9%
  4. 04
    QSRRestaurant Brands Intl.
    11.8%
  5. 05
    HHHHoward Hughes Holdings
    9.8%
  6. 06
    GOOGLAlphabet +12 others
    8.8%
  7. 07
    HLTHilton Worldwide
    7.6%

How this book compares

1 of Bill Ackman's holdings also appear in at least one other tracked portfolio. Cross-held names are flagged above with the +N others mark. The full consensus book is available on the Grand Portfolio page.

Tracked alongside 29 other superinvestors.

Source noteIllustrative top-holdings view compiled from 13F-HR filed Feb 2026 for period ending Dec 31, 2025. SEC EDGAR CIK 0001336528. Weights normalised to the top positions surfaced here.

Reporting date: December 31, 2025. 13F filings disclose only US long-equity positions and lag real time by 45 days. Educational use only.