Pershing Square Capital Management, L.P.

Bill Ackman

William Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham.

Holdings MV

15.96B

Last Updated

2025-12-15

Total Holdings

Tracker Performance

Pershing Square Capital Management, L.P.

S&P 500

Total Return

+15.96%

Annualized Return

+37.57%

1 Day Change

-0.62%

Sharpe Ratio

1.80

Trade Updates

2025-12-15

Ticker

Name

12/15

Sell

8.30%

Fill Price --

8.25%

Ticker

Name

12/15

Buy

4.65%

Fill Price --

4.88%

Ticker

Name

12/15

Sell

21.75%

Fill Price --

21.66%

Ticker

Name

12/15

Sell

14.91%

Fill Price --

14.77%

Ticker

Name

12/15

Buy

5.24%

Fill Price --

5.33%

Ticker

Name

12/15

Buy

0.46%

Fill Price --

0.49%

Ticker

Name

12/15

Buy

10.05%

Fill Price --

10.18%

Ticker

Name

12/15

Sell

0.69%

Fill Price --

0.68%

Ticker

Name

12/15

Sell

16.31%

Fill Price --

16.15%

Current Holdings

Internet & Media

21.66%

Leisure Services

20.39%

Non-Bank Financials

17.62%

Computer

16.15%

Real Estate

15.45%

Commerce

8.25%

Other

0.49%

Symbol

P&L %

Position Size

Ticker

Name

+99.70%

21.66%

Ticker

Name

+22.05%

0.68%

Ticker

Name

+20.83%

14.77%

Ticker

Name

+12.49%

17.62%

Ticker

Name

+7.27%

10.18%

Ticker

Name

+5.45%

5.33%

Ticker

Name

+1.25%

8.25%

Ticker

Name

-8.67%

16.15%

Ticker

Name

-25.04%

0.49%

Ticker

Name

-33.42%

4.88%

Investing Philosophy

Bill Ackman is an activist investor. He buys the common stocks of public companies, and pushes for changes so that the market can realize the values of the companies. Ackman buys stocks trading at a discount, and sells when the companies reach their appraised value.

Disclaimer

This simulated portfolio Tracker is based on holdings disclosed in institutional 13F filings. We select the top 20 holdings and construct a portfolio weighted by their relative proportions. Holdings beyond the top 20 are excluded, as their impact on the portfolio is minimal. Focusing on the top 20 enhances practicality and reflects the institution's stock-picking ability. The portfolio is periodically rebalanced to align with updated 13F filings. Note that 13F disclosures typically have a 45-day delay (e.g., Q2 2025 data is disclosed by mid-August). Users should consider this lag when tracking the portfolio, though institutional holdings are generally long-term, emphasizing strategic rationale behind changes. This portfolio is for illustrative purposes only and does not constitute investment advice. All investment decisions are the user's responsibility. Investing involves risks, including potential loss of principal. Past performance is not indicative of future results.