Pershing Square Capital Management, the fund run by billionaire hedge fund manager Bill Ackman, revealed its Q4 holdings for 2025 on Tuesday, valued at approximately $15.53B, the latest 13F filing showed.
Comparing Bill Ackman’s Pershing Square holdings from Q4 2024 to Q4 2025 reveals a bold shift into the ‘Magnificent Seven’ and the complete exit from several long-term holdings.
Notable additions included significant stakes in Uber Technologies (UBER), Amazon (AMZN), and Meta Platforms (META), which together added over 42.49M shares to the portfolio. Hertz Global (HTZ) also bought as a tactical position, with over 15.2M shares. In Q4 2025, Pershing Square increased its stake in Brookfield (BN) by 76% as compared to Q4 2024, making it the top asset in the portfolio.
The firm completely exited Chipotle Mexican Grill (CMG), Nike (NKE), and Canadian Pacific Kansas City (CP) and reduced positions in Alphabet (GOOGL) Class A by 83% and Hilton Worldwide (HLT) by 44% from Q4 2024 to Q4 2025.
The manager posted a 0.88% dip over the past year, significantly trailing the S&P 500’s 11.7% return during the same period, according to data from stockcircle.com.
As of December 31, 2025, the New York-based hedge fund maintained a highly concentrated portfolio of just 11 positions. Here is a closer look at those holdings alongside their current Seeking Alpha Quant Ratings.
- Brookfield Corporation (BN) – Quant rating: 3.40 – Hold
- Uber Technologies (UBER) – Quant rating: 3.05 – Hold
- Amazon.com, Inc. (AMZN) – Quant rating: 3.39 – Hold
- Alphabet Inc. (GOOG) – Quant rating: 3.48 – Hold
- Meta Platforms (META) – Quant rating: 3.38 – Hold
- Restaurant Brands International (QSR) – Quant rating: 3.91 – Buy
- Howard Hughes Holdings (HHH) – Quant rating: 4.93 – Strong Buy
- Hilton Worldwide Holdings (HLT) – Quant rating: 2.82 – Hold
- Seaport Entertainment Group (SEG) – Quant rating: 2.83 – Hold
- Hertz Global Holdings (HTZ) – Quant rating: 3.16 – Hold