— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Pershing Square Capital Management, L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$15.5B
+6.0%
Holdings
12
+1
New Purchases
1
Added To
2
Closed
1
Reduced
5
Top 10 Concentration
99.5%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 11.37% 0.00% +11.37% $1.8B
AMZN 14.28% 8.73% +5.55% $2.2B
GOOG 12.46% 10.52% +1.94% $1.9B
HLT 5.60% 5.37% +0.23% $870M
QSR 10.05% 10.04% +0.01% $1.6B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 1.37% 8.04% -6.67% $212M
CMG 0.00% 5.77% -5.77% $0
UBER 15.90% 20.25% -4.36% $2.5B
BN 18.15% 19.21% -1.06% $2.8B
HHH 9.69% 10.58% -0.89% $1.5B
HTZ 0.50% 0.71% -0.20% $78M
SEG 0.64% 0.79% -0.15% $99M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $6.1B 39.5%
Large Cap 5 $7.7B 49.7%
Mid Cap 1 $1.5B 9.7%
Small Cap 2 $178M 1.1%

Portfolio Analytics

Avg Market Cap
$1.2T
Median Market Cap
$87.3B
Avg P/E
34.9
Median P/E
29.2
Avg Dividend Yield
0.00%
Avg Beta
1.29
# Stocks
12
# ETFs / Funds
0

Top Holdings (12 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BN 18.15% 61,403,089 $2.8B $45.89 $5M +20,382,858 +49.7%
2 UBER 15.90% 30,207,734 $2.5B $81.71 -$497M -62,784 -0.2%
3 AMZN 14.28% 9,607,824 $2.2B $230.82 $939M +3,784,508 +65.0%
4 GOOG 12.46% 6,163,871 $1.9B $313.80 $394M -160,160 -2.5%
5 META 11.37% 2,673,569 $1.8B $660.09 +2,673,569 NEW
6 QSR 10.05% 22,866,773 $1.6B $68.23 $90M -48,723 -0.2%
7 HHH 9.69% 18,852,064 $1.5B $79.77 -$45M
8 HLT 5.60% 3,028,664 $870M $287.25 $84M -1,914 -0.1%
9 GOOGL 1.37% 678,297 $212M $313.00 -$965M -4,165,676 -86.0%
10 SEG 0.64% 5,023,780 $99M $19.77 -$16M
11 HTZ 0.50% 15,241,127 $78M $5.14 -$25M
12 CMG —% -$844M -21,541,177 -100.0% SOLD

New Positions

SymbolValue% Port
META $1.8B 11.37%

Sold Out Positions

SymbolValue% Port
CMG —%
View SEC EDGAR Filings for Pershing Square Capital Management, L.P. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms