SEC 13F Intelligence

Pershing Square Capital Management, L.P. / HLT

Pershing Square Capital Management, L.P.’s Hilton Worldwide Hldgs Inc Position

Does Pershing Square Capital Management, L.P. own Hilton Worldwide Hldgs Inc (HLT)? Not currently — the last reported position was 3.03M shares worth $870M in Q4 2025; the fund’s latest 13F (Q1 2026) no longer reports it.

Position Value
$870M
Q4 2025
Shares
3.03M
% of Portfolio
+5.60%
Quarters Held
29
position exited

Position History HLT

Reported value by quarter
Q4 ’18: $786MQ4 ’18Q1 ’19: $911MQ2 ’19: $1.1BQ3 ’19: $983MQ4 ’19: $1.2BQ4 ’19Q1 ’20: $941MQ2 ’20: $1.0BQ3 ’20: $1.1BQ4 ’20: $1.5BQ4 ’20Q1 ’21: $1.6BQ2 ’21: $1.5BQ3 ’21: $1.7BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.1BQ3 ’22: $1.2BQ4 ’22: $1.3BQ4 ’22Q1 ’23: $1.3BQ2 ’23: $1.4BQ3 ’23: $1.5BQ4 ’23: $1.7BQ4 ’23Q1 ’24: $2.0BQ2 ’24: $2.0BQ3 ’24: $1.7BQ4 ’24: $1.3BQ4 ’24Q1 ’25: $683MQ2 ’25: $807MQ3 ’25: $786MQ4 ’25: $870MQ4 ’25filingsflow.com
QuarterSharesValue% of Portfolio
Q4 20253.03M$870M+5.60%
Q3 20253.03M$786M+5.37%
Q2 20253.03M$807M+5.88%
Q1 20253.00M$683M+5.72%
Q4 20245.44M$1.3B+10.66%
Q3 20247.37M$1.7B+13.15%
Q2 20248.95M$2.0B+18.76%
Q1 20249.18M$2.0B+18.20%
Q4 20239.18M$1.7B+16.08%
Q3 202310.31M$1.5B+14.75%
Q2 20239.33M$1.4B+12.56%
Q1 20239.30M$1.3B+12.82%
Q4 202210.03M$1.3B+14.43%
Q3 202210.03M$1.2B+15.36%
Q2 20229.91M$1.1B+14.80%
Q1 20229.95M$1.5B+14.53%
Q4 202112.59M$2.0B+18.57%
Q3 202112.89M$1.7B+17.99%
Q2 202112.76M$1.5B+14.37%
Q1 202112.88M$1.6B+14.89%
Q4 202013.35M$1.5B+14.85%
Q3 202013.36M$1.1B+12.92%
Q2 202013.79M$1.0B+13.06%
Q1 202013.79M$941M+14.32%
Q4 201910.56M$1.2B+17.87%
Q3 201910.56M$983M+15.69%
Q2 201910.97M$1.1B+15.98%
Q1 201910.97M$911M+13.57%
Q4 201810.95M$786M+13.19%

Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Pershing Square Capital Management, L.P.’s full portfolio or all institutional holders of HLT.