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Bill Ackman (Pershing Square)

A hyper-concentrated ~10-stock activist book of high-quality compounders Ackman holds for years.

Holdings as of Q1 2026 (latest SEC 13F) - weights normalized across the top US-listed holdings.

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Brookfield Corporation Class A Limited Voting Shares2019-06-30 → 2026-06-30click to change
%
Amazon.com, Inc. - Common Stock1997-06-30 → 2026-06-30click to change
%
Uber Technologies, Inc. Common Stock2019-06-30 → 2026-06-30click to change
%
Microsoft Corporation - Common Stock1986-04-30 → 2026-06-30click to change
%
Restaurant Brands International Inc. Common Shares2015-01-31 → 2026-06-30click to change
%
Meta Platforms, Inc. - Class A Common Stock2012-06-30 → 2026-06-30click to change
%
Total 100%
Data window Bill Ackman (Pershing Square): 2019-06-30 → 2026-06-30 · start: BN
BN was not publicly traded 2019-07-31 → 2022-07-31 (37 months) - treated as uninvested cash (0%) for that stretch.
BN was not publicly traded 2022-09-30 → 2022-11-30 (3 months) - treated as uninvested cash (0%) for that stretch.
META was not publicly traded 2022-06-30 → 2022-06-30 (1 months) - treated as uninvested cash (0%) for that stretch.

Portfolio growth

Bill Ackman (Pershing Square)
CAGR15.43%
Max Drawdown-27.49%Jun 2022
Volatility20.43%
Sharpe0.68
Final balance$27,630
Total return176.30%

Drawdown

Annual returns

Bill Ackman (Pershing Square)
Total Return176.30%
Sortino1.50
Best Year78.13%
Worst Year-26.81%
Positive Months56.47%
Annualized Return (mean)16.45%

Correlation

AMZNBNMETAMSFTQSRUBER
AMZN1.000.500.550.650.200.36
BN0.501.000.340.350.310.43
META0.550.341.000.590.120.50
MSFT0.650.350.591.000.200.29
QSR0.200.310.120.201.000.29
UBER0.360.430.500.290.291.00