Key Takeaways
- • Pershing Square's concentrated portfolio as of June 30, 2026 is anchored by seven core holdings, with Uber Technologies (12.72%), Brookfield Corp (12.58%), and Microsoft (11.89%) representing the largest positions by allocation.
- • Ackman's portfolio demonstrates significant exposure to technology and infrastructure, with Amazon (17.4% performance contribution), Microsoft, and Uber forming the growth-oriented segment, while Brookfield represents diversified real assets exposure.
- • The seven-stock portfolio allocation reflects substantial capital concentration, with Brookfield Corp valued at $2.4 billion and Amazon also at $2.4 billion in portfolio value, indicating a high-conviction thesis across fewer holdings than traditional institutional portfolios.
- • Pershing Square made no new equity purchases in the current reporting period (as of May 15, 2026), suggesting Ackman maintained existing positions rather than pursuing new activist or growth opportunities.
- • Portfolio holdings extend beyond the top seven to include established Ackman activist positions in Chipotle, Alphabet, Hilton, and Restaurant Brands International, demonstrating a mix of activist and passive equity strategies.
Summary
Bill Ackman's Pershing Square Capital Management portfolio as of June 30, 2026 reflects a concentrated investment strategy centered on seven core equity positions. The fund's largest holdings include Uber Technologies at 12.72% allocation, Brookfield Corp at 12.58%, and Microsoft at 11.89%, with each position representing a significant conviction bet on respective sector dynamics.
The portfolio composition reveals Ackman's strategic positioning across technology infrastructure and diversified real assets. Amazon and Uber represent growth-oriented technology plays, with Amazon contributing 17.4% to portfolio performance and Uber contributing 15.7%, while Brookfield (17.6% performance contribution) provides exposure to infrastructure, real estate, and renewable energy assets. Microsoft rounds out the technology exposure at 11.89% allocation, reflecting continued confidence in artificial intelligence and enterprise software trends.
Capital allocation within the seven-core holdings demonstrates substantial concentration relative to traditional institutional investor benchmarks. Both Brookfield Corp and Amazon represent approximately $2.4 billion in portfolio value each, with Uber Technologies comprising a similarly significant capital commitment. This concentrated approach contrasts with typical hedge fund diversification strategies and indicates Ackman's high-conviction positioning in these specific names.
Notably, the fund recorded no new equity purchases during the current reporting period ending May 15, 2026, suggesting that Pershing Square maintained its existing portfolio positioning rather than pursuing new activist campaigns or growth opportunities. Beyond the headline seven positions, Ackman maintains stakes in several established holdings including Chipotle, Alphabet, Hilton, and Restaurant Brands International, representing a blend of activist and longer-term equity positions reflecting his dual mandate of value realization and activist engagement.
The portfolio composition reveals Ackman's strategic positioning across technology infrastructure and diversified real assets. Amazon and Uber represent growth-oriented technology plays, with Amazon contributing 17.4% to portfolio performance and Uber contributing 15.7%, while Brookfield (17.6% performance contribution) provides exposure to infrastructure, real estate, and renewable energy assets. Microsoft rounds out the technology exposure at 11.89% allocation, reflecting continued confidence in artificial intelligence and enterprise software trends.
Capital allocation within the seven-core holdings demonstrates substantial concentration relative to traditional institutional investor benchmarks. Both Brookfield Corp and Amazon represent approximately $2.4 billion in portfolio value each, with Uber Technologies comprising a similarly significant capital commitment. This concentrated approach contrasts with typical hedge fund diversification strategies and indicates Ackman's high-conviction positioning in these specific names.
Notably, the fund recorded no new equity purchases during the current reporting period ending May 15, 2026, suggesting that Pershing Square maintained its existing portfolio positioning rather than pursuing new activist campaigns or growth opportunities. Beyond the headline seven positions, Ackman maintains stakes in several established holdings including Chipotle, Alphabet, Hilton, and Restaurant Brands International, representing a blend of activist and longer-term equity positions reflecting his dual mandate of value realization and activist engagement.
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