CIK: 1336528
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.
Address: 787 11th Avenue, 9th Floor, New York, NY 10019
α Alpha 0.86↭ Flow 0.45Mixed Active/Passive
12holdings (Q4 2025)
$15.53B13F reported value
+1 NEW+4 INCREASED-5 DECREASED-1 EXITED1 UNCHANGED
Total (Q4 25): $15,526,737,802
Top Holdings by Value
Position Changes (Q4 vs Q3)
Top 15 Positions ($)
Historical AUM (13F Reported)
$10.76B+$0.54B QoQPortfolio Value History (13F Reported)
Quarterly 13F portfolio value. QoQ change reflects value of disclosed long equity positions (new buys, sells, and price movements combined).
| Quarter | Portfolio Value | QoQ Change | QoQ % |
|---|---|---|---|
| Q4 25 | $15.53B | +$0.88B | +6.0% |
| Q3 25 | $14.64B | +$0.91B | +6.7% |
| Q2 25 | $13.73B | +$1.80B | +15.1% |
| Q1 25 | $11.93B | $-0.68B | -5.4% |
| Q4 24 | $12.61B | $-0.30B | -2.3% |
| Q3 24 | $12.92B | +$2.50B | +24.1% |
| Q2 24 | $10.41B | $-0.35B | -3.2% |
| Q1 24 | $10.76B | +$0.37B | +3.5% |
| Q4 23 | $10.40B | $-0.10B | -0.9% |
| Q3 23 | $10.49B | $-0.32B | -3.0% |
| Q2 23 | $10.82B | +$0.60B | +5.9% |
| Q1 23 | $10.22B | — | — |
QoQ = (quarter 13F value − prior quarter value) ÷ prior quarter value. Includes position changes, new buys, and exits. Not investment advice.
Information for Viewing 13F Reports:
- Name: The name of the company.
- CUSIP: A unique 9-character alphanumeric code that identifies a specific stock or security in the U.S.
- Class: The investment company's series name. A registered investment company may have multiple series, each with a separate securities portfolio.
- Value: The monetary value of the holdings in USD.
- Shares: The number of shares held.
- Share Price: The price of shares at the time of filing.
- Investment: The type of investment.
- % of Portfolio: The percentage that this position represents in the total portfolio.
| Quarter | Period of Report | Holdings | Value | Type | Filling Date | Filling ID |
|---|---|---|---|---|---|---|
| Q4 25 | 31-Dec-2025 | 11 | $15,526,737,802 | 13F-HR | 17-Feb-2026 | 0001172661-26-001091 |
| Q3 25 | 30-Sep-2025 | 11 | $14,643,293,767 | 13F-HR | 14-Nov-2025 | 0001172661-25-005039 |
| Q2 25 | 30-Jun-2025 | 11 | $13,729,120,533 | 13F-HR | 14-Aug-2025 | 0001172661-25-003509 |
| Q1 25 | 31-Mar-2025 | 11 | $11,930,893,008 | 13F-HR | 15-May-2025 | 0001172661-25-002315 |
| Q4 24 | 31-Dec-2024 | 1 | $46,533,105 | 13F-HR/A | 16-Apr-2025 | 0001172661-25-001497 |
| Q4 24 | 31-Dec-2024 | 10 | $12,614,560,346 | 13F-HR | 14-Feb-2025 | 0001172661-25-001119 |
| Q3 24 | 30-Sep-2024 | 11 | $12,916,077,581 | 13F-HR | 14-Nov-2024 | 0001172661-24-005218 |
| Q2 24 | 30-Jun-2024 | 9 | $10,411,823,523 | 13F-HR | 14-Aug-2024 | 0001172661-24-003511 |
| Q1 24 | 31-Mar-2024 | 7 | $10,761,092,093 | 13F-HR | 15-May-2024 | 0001172661-24-002519 |
| Q4 23 | 31-Dec-2023 | 8 | $10,396,017,618 | 13F-HR | 14-Feb-2024 | 0001172661-24-001556 |
| Q3 23 | 30-Sep-2023 | 8 | $10,494,117,169 | 13F-HR | 14-Nov-2023 | 0001172661-23-004016 |
| Q2 23 | 30-Jun-2023 | 8 | $10,816,723,106 | 13F-HR | 14-Aug-2023 | 0001172661-23-003137 |
| Q1 23 | 31-Mar-2023 | 8 | $10,216,505,875 | 13F-HR | 15-May-2023 | 0001172661-23-002303 |
| Q4 22 | 31-Dec-2022 | 6 | $8,784,004,892 | 13F-HR | 13-Feb-2023 | 0001172661-23-000673 |
| Q3 22 | 30-Sep-2022 | 6 | $7,877,045,000 | 13F-HR | 14-Nov-2022 | 0001172661-22-002568 |
| Q2 22 | 30-Jun-2022 | 7 | $7,462,417,000 | 13F-HR | 15-Aug-2022 | 0001172661-22-002007 |
| Q1 22 | 31-Mar-2022 | 8 | $10,391,834,000 | 13F-HR | 16-May-2022 | 0001172661-22-001442 |
| Q4 21 | 31-Dec-2021 | 1 | $202,421,000 | 13F-HR/A | 7-Mar-2022 | 0001172661-22-001013 |
| Q4 21 | 31-Dec-2021 | 6 | $10,578,795,000 | 13F-HR | 14-Feb-2022 | 0001172661-22-000776 |
| Q3 21 | 30-Sep-2021 | 6 | $9,463,494,000 | 13F-HR | 15-Nov-2021 | 0001172661-21-002355 |
| Q2 21 | 30-Jun-2021 | 7 | $10,709,784,000 | 13F-HR | 16-Aug-2021 | 0001172661-21-001865 |
| Q1 21 | 31-Mar-2021 | 7 | $10,460,896,000 | 13F-HR | 17-May-2021 | 0001172661-21-001367 |
| Q4 20 | 31-Dec-2020 | 7 | $10,002,979,000 | 13F-HR | 16-Feb-2021 | 0001172661-21-000814 |
| Q3 20 | 30-Sep-2020 | 7 | $8,822,665,000 | 13F-HR | 23-Oct-2020 | 0001172661-20-002031 |
| Q2 20 | 30-Jun-2020 | 7 | $7,752,895,000 | 13F-HR | 14-Aug-2020 | 0001172661-20-001845 |
| Q1 20 | 31-Mar-2020 | 10 | $6,572,994,000 | 13F-HR | 15-May-2020 | 0001172661-20-001409 |
| Q4 19 | 31-Dec-2019 | 8 | $6,552,857,000 | 13F-HR | 14-Feb-2020 | 0001172661-20-000821 |
| Q3 19 | 30-Sep-2019 | 7 | $6,266,084,000 | 13F-HR | 14-Nov-2019 | 0001172661-19-002370 |
| Q3 19 | 30-Sep-2019 | 1 | $223,461,000 | 13F-HR/A | 9-Dec-2019 | 0001172661-19-002404 |
| Q2 19 | 30-Jun-2019 | 8 | $6,708,001,000 | 13F-HR | 14-Aug-2019 | 0001172661-19-001860 |
| Q1 19 | 31-Mar-2019 | 8 | $6,716,615,000 | 13F-HR | 15-May-2019 | 0001172661-19-001365 |
| Q4 18 | 31-Dec-2018 | 9 | $5,957,319,000 | 13F-HR | 14-Feb-2019 | 0001172661-19-000851 |
| Q3 18 | 30-Sep-2018 | 7 | $5,208,720,000 | 13F-HR | 14-Nov-2018 | 0001172661-18-002178 |
| Q2 18 | 30-Jun-2018 | 8 | $5,804,747,000 | 13F-HR | 14-Aug-2018 | 0001172661-18-001700 |
| Q1 18 | 31-Mar-2018 | 7 | $4,832,044,000 | 13F-HR | 15-May-2018 | 0001172661-18-001246 |
| Q4 17 | 31-Dec-2017 | 7 | $5,872,732,000 | 13F-HR | 14-Feb-2018 | 0001172661-18-000802 |
| Q4 16 | 31-Dec-2016 | 8 | $5,913,210 | 13F-HR | 14-Feb-2017 | 0001172661-17-000770 |
| Q2 16 | 30-Jun-2016 | 9 | $7,512,967 | 13F-HR | 15-Aug-2016 | 0001172661-16-003886 |
| Q1 16 | 31-Mar-2016 | 9 | $8,852,978 | 13F-HR | 16-May-2016 | 0001172661-16-003442 |
| Q4 15 | 31-Dec-2015 | 8 | $12,459,605 | 13F-HR | 16-Feb-2016 | 0001172661-16-002931 |