Equal-WT
WhaleScore 2.0
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PERSHING SQUARE CAPITAL MANAGEMENT, L.P.
NEW YORK NY
Investment Advisor
Hedge Fund
Activist Investor
Billionaires Group
Pershing Square Capital is a New York based hedge fund managed by Bill Ackman.Whalewisdom has at least 92 13F filings, 230 13D filings, 47 13G filings, and 17 Form 4 filings Their last reported 13F filing for Q4 2024 included $12,661,093,451 in managed 13F securities
and a top 10 holdings concentration of 99.63%. Pershing Square Capital Management's largest holding is Brookfield Corporation with shares held of 34,893,064.
Business Description
The Adviser serves as the management company for a number of investment funds, including Pershing Square, L.P. (“PS LP”), Pershing Square International, Ltd. (“PS Ltd” and together with PS LP, the “Private Funds”), and Pershing Square Holdings, Ltd. The Core Funds generally implement substantially similar investment objectives, policies and strategies.
The Adviser has in the past served and may, from time to time in the future, serve as the investment adviser or management company for co-investment special purpose vehicles established to increase economic exposure to certain investments (“SPVs”). The Core Funds and the SPVs, together with any other funds whose investment portfolios the Adviser may from time to time manage are referred to as the “Funds”.
Investment Strategy
The Adviser has broad discretion in its investment activities and may offer any advisory services, engage in any investment strategy, and make any investment it considers appropriate, subject to client objectives and guidelines. The investment strategies pursued are speculative and entail substantial risks, with clients needing to be prepared for potential capital loss. There is no guarantee that any client's investment objectives will be achieved.
The Adviser is a concentrated, research-intensive, fundamental value investor comfortable investing in a wide range of industries and asset classes. They generally prefer investments in simple businesses or assets that generate estimable cash flow streams over the long term, with low sensitivity to macroeconomic factors, commodity exposure, and cyclical risk. The Adviser is willing to accept complexity in situational, legal, and capital structures if the potential reward justifies it. The Adviser may use any investment strategy, long or short, in the global marketplace that it believes will enhance overall performance and, except as described in the Funds’ offering documents, there are no restrictions on the securities or other financial instruments that may be used by the Funds.
Owners
- PERSHING SQUARE INTERMEDIATE HOLDINGS, LLC - LIMITED PARTNER
- ASNES, ANTHONY, KETAY - HEAD OF IR
- HAKIM, BENNY, (NO MIDDLE NAME) - PRESIDENT
- ACKMAN, WILLIAM, ALBERT - CHIEF EXECUTIVE OFFICER
- ISRAEL, RYAN, MICHAEL - CHIEF INVESTMENT OFFICER
- COUSSIN, HALIT - CHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICER
- GONNELLA, MICHAEL - CHIEF FINANCIAL OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| BN Brookfield Corporati | 2.36% |
| SEG Seaport Entertainmen | 0.66% |
| HTZ Hertz Global Holding | 0.37% |
| NKE NIKE Inc | 0.07% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| HLT Hilton Worldwide Hol | 2.53% |
| CMG Chipotle Mexican Gri | 1.11% |
| SEG-RT SEAPORT ENTMT GROUP | 0.05% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| BN Brookfield Corporati | 15.83% |
| QSR Restaurant Brands In | 11.84% |
| CMG Chipotle Mexican Gri | 11.74% |
| HHH Howard Hughes Holdin | 11.45% |
| GOOG Alphabet Inc. Class | 11.35% |
This filing lists a security omitted from the public Form 13F filed on February 14, 2025, pursuant to a request for confidential treatment and for which such confidential treatment is no longer requested.
2024-12-31
13F Activity
| Market Value | $12.7b, Prior: $12.9b |
| Inflows (Outflows) as % of Total MV | (-2.3164)% |
| New Purchases | 1 stocks |
| Added To | 3 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 99.63% |
| Turnover %[1] | 16.67% |
| Turnover Alt %[2] | 3.48% |
| Time Held Top 20 | 16.7273 quarters |
| Time Held Top 10 | 18.4 quarters |
| Time Held All | 16.73 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31