SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Pershing Square Capital Management, L.P.

CIK 0001336528 · Part of the Pershing Square family · 787 11TH AVENUE, 9TH FLOOR, NEW YORK, NY, 10019 · 212-813-3700

Reported Value
$12.9B
Q3 2024
Positions
11
Filings on Record
33
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Pershing Square Capital Management, L.P. reported $12.9B in U.S.-listed holdings across 11 positions for Q3 2024.

Its largest position, BN, represents 13.5% of the portfolio.

Compared with Q2 2024, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+100.0%
share of reported value
Largest Position
+13.5%
Brookfield

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $6.0BQ4 ’18Q1 ’19: $6.7BQ2 ’19: $6.7BQ3 ’19: $6.3BQ4 ’19: $6.6BQ4 ’19Q1 ’20: $6.6BQ2 ’20: $7.8BQ3 ’20: $8.8BQ4 ’20: $10.0BQ4 ’20Q1 ’21: $10.5BQ2 ’21: $10.7BQ3 ’21: $9.5BQ4 ’21: $10.6BQ4 ’21Q1 ’22: $10.4BQ2 ’22: $7.5BQ3 ’22: $7.9BQ4 ’22: $8.8BQ4 ’22Q1 ’23: $10.2BQ2 ’23: $10.8BQ3 ’23: $10.5BQ4 ’23: $10.4BQ4 ’23Q1 ’24: $10.8BQ2 ’24: $10.4BQ3 ’24: $12.9BQ4 ’24: $12.6BQ4 ’24Q1 ’25: $11.9BQ2 ’25: $13.7BQ3 ’25: $14.6BQ4 ’25: $15.5BQ4 ’25Q1 ’26: $13.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%Other: 0.0%
  • Common Stock · 100.0% · $12.9B
  • Other · 0.0% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SEGSEAPORT ENTMT GROUP INCNEW+2.09M2.09M+$57M$57M
SEAPORT ENTMT GROUP INCNEW+2.09M2.09M+$6M$6M
NKENIKE INCADDED+13.24M16.28M+$1.2B$1.4B
BNBROOKFIELD CORPADDED+25.88M32.74M+$1.5B$1.7B
HLTHILTON WORLDWIDE HLDGS INCTRIMMED−1.58M7.37M−$255M$1.7B
QSRRESTAURANT BRANDS INTL INCHELD−141.6K23.00M+$30M$1.7B
CPCANADIAN PACIFIC KANSAS CITYHELD−88.0K14.88M+$94M$1.3B
HHHHOWARD HUGHES HOLDINGS INCHELD+018.85M+$238M$1.5B

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

9 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGALPHABET INChistory →CAP STK CL C · CAP STK CL A14.89%$1.9B11.53M
2BNBROOKFIELD CORPhistory →CL A LTD VT SH13.47%$1.7B32.74M
3HLTHILTON WORLDWIDE HLDGS INChistory →COM13.15%$1.7B7.37M
4CMGCHIPOTLE MEXICAN GRILL INChistory →COM12.85%$1.7B28.82M
5QSRRESTAURANT BRANDS INTL INChistory →COM12.84%$1.7B23.00M
6HHHHOWARD HUGHES HOLDINGS INChistory →COM11.30%$1.5B18.85M
7NKENIKE INChistory →CL B11.14%$1.4B16.28M
8CPCANADIAN PACIFIC KANSAS CITYhistory →COM9.85%$1.3B14.88M
9SEGSEAPORT ENTMT GROUP INChistory →COMMON STOCK · RIGHT 10/10/20240.49%$64M4.19M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$13.7B11May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$15.5B11Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$14.6B11Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$13.7B11Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$11.9B11May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$12.6B10Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$12.9B11Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$10.4B9Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$10.8B7May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$10.4B8Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$10.5B8Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$10.8B8Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$10.2B8May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$8.8B6Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$7.9B6Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$7.5B7Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$10.4B8May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$10.6B6Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$9.5B6Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$10.7B7Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$10.5B7May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$10.0B7Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$8.8B7Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$7.8B7Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$6.6B10May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$6.6B8Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.3B7Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$6.7B8Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$6.7B8May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.0B9Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.