Investors / Pershing Square AI Portfolio
Bill Ackman / Pershing Square
13F
11 positions · Q1 2026AI holdings · 5 tickers
$6.10B| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | InfraApp | $2.4B | 11.5M shares | 17.4% | Q2 2025 |
| 2 | MSFT | Microsoft Corp | InfraAppModel | $2.1B | 5.7M shares | 15.3% | Q1 2026 |
| 3 | META | Meta Platforms Inc | AppModel | $1.5B | 2.7M shares | 11.1% | Q4 2025 |
| 4 | GOOG | Alphabet Inc Class C | InfraAppModel | $89.4M | 311.7K shares | 0.7% | Q1 2023 |
| 5 | GOOGL | Alphabet Inc Class A | InfraAppModel | $9.3M | 32.4K shares | 0.1% | Q1 2023 |
Other holdings · 6 tickers
$7.62B · non-AI| # | Ticker | Company | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|
| 6 | BN | BROOKFIELD CORP | $2.4B | 59.7M shares | 17.6% | Q2 2024 |
| 7 | UBER | UBER TECHNOLOGIES INC | $2.2B | 30M shares | 15.7% | Q1 2025 |
| 8 | QSR | RESTAURANT BRANDS INTERN | $1.7B | 22.6M shares | 12.2% | before Q1 2018 |
| 9 | HHH | HOWARD HUGHES HOLDINGS INC | $1.2B | 18.9M shares | 8.7% | Q3 2023 |
| 10 | SEG | SEAPORT ENTERTAINMENT GROUP | $107.9M | 5M shares | 0.8% | Q3 2024 |
| 11 | HTZ | HERTZ GLOBAL HLDGS INC | $70.3M | 15.2M shares | 0.5% | Q1 2025 |
13G/13D
0 active stakes · SEC ≥5% filingsNo active major stakes since latest 13F.
Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.
Holdings Timeline
Include non-AI changes (168)
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
AMZN
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NEW+6M
HOLD
ADD+4M
ADD+2M
MSFT
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NEW+6M
META
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NEW+3M
TRIM−13K
GOOG
ADD+1M
HOLD
HOLD
HOLD
TRIM−2M
HOLD
HOLD
TRIM−1M
HOLD
HOLD
TRIM−160K
TRIM−6M
GOOGL
HOLD
ADD+2M
HOLD
HOLD
TRIM−368K
HOLD
HOLD
ADD+451K
ADD+925K
TRIM−519K
TRIM−4M
TRIM−646K
NEW
ADD
HOLD
TRIM (light → heavy)
Not held
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q1 2026 | NEW | MSFT | +5,654,078 | +$2.1B |
| Q1 2026 | TRIM | GOOG | -5,852,145 | $-1.8B |
| Q1 2026 | TRIM | META | -12,708 | $-242.4M |
| Q1 2026 | TRIM | GOOGL | -645,921 | $-203M |
| Q1 2026 | ADD | AMZN | +1,844,157 | +$167.4M |
| Q4 2025 | NEW | META | +2,673,569 | +$1.8B |
| Q4 2025 | TRIM | GOOGL | -4,165,676 | $-965.3M |
| Q4 2025 | ADD | AMZN | +3,784,508 | +$939.1M |
| Q4 2025 | TRIM | GOOG | -160,160 | +$394M |
| Q3 2025 | TRIM | GOOGL | -519,007 | +$232.5M |
| Q2 2025 | NEW | AMZN | +5,823,316 | +$1.3B |
| Q2 2025 | ADD | GOOGL | +925,000 | +$258.8M |
| Q1 2025 | TRIM | GOOG | -1,223,551 | $-449.4M |
| Q1 2025 | ADD | GOOGL | +451,492 | $-68.4M |
| Q2 2024 | TRIM | GOOGL | -368,336 | +$68.9M |
| Q2 2024 | TRIM | GOOG | -1,829,613 | $-43.4M |
| Q3 2023 | ADD | GOOGL | +2,169,824 | +$308.3M |
| Q2 2023 | ADD | GOOG | +1,307,425 | +$295.1M |
| Q1 2023 | NEW | GOOG | +8,069,770 | +$839.3M |
| Q1 2023 | NEW | GOOGL | +2,185,000 | +$226.7M |