Pershing Square Capital Management LP
The positions Pershing Square Capital Management LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported by Pershing Square Inc. from Q2 2026. Earlier quarters were reported by Pershing Square Capital Management, L.P.
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
Q2 2026 is the first quarter reported by Pershing Square Inc., whose report also includes the holdings of 6 other managers. A position shown as new this quarter may have been held before and reported here for the first time.
Every reported position, Q2 2026
14 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Uber Technologies Inc (UBER) CUSIP 90353T100 | 13% | $2.5bn | 34,326,200 | +$322m +4,367,429 shares | Added |
| Brookfield Corp (BN) Class A LTD VT SH · CUSIP 11271J107 | 13% | $2.4bn | 57,481,047 | +$32m -2,216,161 shares | Trimmed |
| Microsoft Corp (MSFT) CUSIP 594918104 | 12% | $2.3bn | 6,206,730 | +$222m +552,652 shares | Added |
| Amazon Com Inc (AMZN) CUSIP 023135106 | 10% | $2.0bn | 8,563,857 | -$344m -2,888,124 shares | Trimmed |
| Howard Hughes Holdings Inc (HHH) CUSIP 44267T102 | 10% | $2.0bn | 27,852,064 | +$799m +9,000,000 shares | Added |
| Restaurant Brands Intl Inc (QSR) CUSIP 76131D103 | 9.6% | $1.9bn | 25,821,284 | +$199m +3,175,801 shares | Added |
| Meta Platforms Inc (META) Class A · CUSIP 30303M102 | 9.2% | $1.8bn | 3,196,062 | +$278m +535,201 shares | Added |
| Visa Inc (V) Common Class A · CUSIP 92826C839 | 5.8% | $1.1bn | 3,270,470 | No earlier filing | New |
| Mastercard Incorporated (MA) Class A · CUSIP 57636Q104 | 5.6% | $1.1bn | 2,124,646 | No earlier filing | New |
| S&P Global Inc (SPGI) CUSIP 78409V104 | 5.4% | $1.1bn | 2,593,155 | No earlier filing | New |
| Netflix Inc. (NFLX) CUSIP 64110L106 | 4.8% | $934m | 13,081,465 | No earlier filing | New |
| Pershing Square USA LTD (PSUS) CUSIP 71531T105 | 0.8% | $150m | 4,000,000 | No earlier filing | New |
| Seaport Entmt Group Inc (SEG) CUSIP 812215200 | 0.7% | $134m | 5,023,780 | +$26m 0 shares | Held |
| Hertz Global HLDGS Inc (HTZ) CUSIP 42806J700 | 0.2% | $34m | 14,991,599 | -$36m -249,528 shares | Trimmed |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filer | Filing |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $19.5bn | 14 | 94% | Pershing Square Inc. | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $13.7bn | 11 | 100% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $15.5bn | 11 | 100% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $14.6bn | 11 | 99% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $13.7bn | 11 | 99% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $11.9bn | 11 | 100% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $12.7bn | 11 | 100% | Pershing Square Capital Management, L.P. | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $12.9bn | 11 | 100% | Pershing Square Capital Management, L.P. | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
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