Run by Bill Ackman since 2004. Owns about a dozen big, well-known companies, holds them for years and pushes them to improve.
If you’d given them $1,000 on January 1, by October 6 you’d have
You usually can’t invest in these funds: they’re for very wealthy people and institutions, often with millions to put in. The $1,000 is just a way to picture how they did.
$917
$917
8.3% in 2026, through Oct 6
You’d have lost $83.
The rose 14.2% over the same months (not counting dividends, the cash some companies pay their owners).
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.
What they own
Biggest bets first. The % is how much of their stock money is in that company. Tap a stock to open its page.
Already owned
Added lately
Sold lately
A full bar is 15% of their money.
Just bought
8
Between April and June, compared with the report before.
Sold
4
Dollar amounts use the price on Jun 30, 2026, or on Mar 31, 2026 for stocks they sold completely.
Year by year
Each calendar year’s result, after fees, for Pershing Square, L.P., then Pershing Square Holdings. 2004–2012 is the original private fund; from 2013, Pershing Square Holdings, a fund listed on the stock market. Its shares have traded well below the value of what it owns, so shareholders got less than this. Pershing calls the combined record illustrative.
From Jan 1, 2004 to Aug 11, 2026, $1,000 became $26,301: 15.6% a year on average, after fees. Up in 15 of the 23 years shown, down in 8.
Only what they have to report: U.S. stocks and a few similar things. The fund’s total money is usually bigger.
Stocks they own
13
Their 5 biggest bets
58% of their money
How much of their money sits in their 5 largest stocks. A high number means they bet big on a few companies.
Holdings as of
Jun 30, 2026
Funds report what they owned on the last day of each quarter (every three months).
Reported on
Aug 14, 2026
Run by
Bill Ackman
Based in
New York
Investing since
2004
The original report
SEC.gov ↗︎
Holdings as of Jun 30, 2026, from Pershing Square’s Form 13F, filed Aug 14, 2026. Left out: Pershing Square Inc. and Pershing Square USA, the fund’s own companies whose shares trade on the stock market.
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.