Pershing Square Capital Management, L.P. filed Q1 2026 13F: BN leads a $13.7B portfolio

Filed: 2026-05-15 · Report date: 2026-03-31 · Form: 13F-HR

Source: SEC EDGAR filing

Portfolio overview

Portfolio value: $13.7B
Holdings: 11
Previous quarter: 2025-12-31

Top 5 holdings

BN — $2.4B (17.6%)
AMZN — $2.4B (17.4%)
UBER — $2.2B (15.7%)
MSFT — $2.1B (15.3%)
QSR — $1.7B (12.2%)

New positions

MSFT — $2.1B (15.3%)

Exits

HLT — last seen at $870M

Biggest adds

AMZN — +$167.4M (now $2.4B)
QSR — +$113.3M (now $1.7B)
SEG — +$8.6M (now $107.9M)

Biggest trims

GOOG — -$1.8B (now $89.4M)
BN — -$401.8M (now $2.4B)
UBER — -$313.3M (now $2.2B)

Methodology note

13F filings are public quarterly disclosures with up to a 45-day lag from quarter-end. Numbers here reflect the manager's disclosed long US equity positions only; they are not a real-time portfolio, do not include derivatives or short positions, and are not actual fund NAV. Not investment advice.

Full case file: https://worldsmartmoney.com/manager/pershing-square

This article: https://worldsmartmoney.com/news/pershing-square-2026-03-31-002336

English thread

Tweet 1/5 · 182 chars

Pershing Square Capital Management, L.P. filed Q1 2026 13F.

Portfolio: $13.7B (11 holdings)
Top: BN $2.4B (17.6%)

https://worldsmartmoney.com/news/pershing-square-2026-03-31-002336

Tweet 2/5 · 123 chars

Top 5 holdings:

1. BN $2.4B (17.6%)
2. AMZN $2.4B (17.4%)
3. UBER $2.2B (15.7%)
4. MSFT $2.1B (15.3%)
5. QSR $1.7B (12.2%)

Tweet 3/5 · 62 chars

Position changes from 2025-12-31:

🆕 New: MSFT
🚪 Exited: HLT

Tweet 4/5 · 123 chars

📈 Biggest adds:
  AMZN +$167.4M
  QSR +$113.3M
  SEG +$8.6M

📉 Biggest trims:
  GOOG -$1.8B
  BN -$401.8M
  UBER -$313.3M

Tweet 5/5 · 246 chars

Source: SEC 13F (≤45-day disclosure lag, not real-time, not fund NAV).

SEC: https://www.sec.gov/Archives/edgar/data/1336528/000117266126002336/0001172661-26-002336-index.htm
WSM: https://worldsmartmoney.com/news/pershing-square-2026-03-31-002336

Chinese thread

Tweet 1/5 · 163 chars

Pershing Square Capital Management, L.P. 更新 2026 Q1 13F

组合：$13.7B（11 只持仓）
第一持仓：BN $2.4B（17.6%）

https://worldsmartmoney.com/news/pershing-square-2026-03-31-002336

Tweet 2/5 · 111 chars

前 5 大持仓：

1. BN $2.4B（17.6%）
2. AMZN $2.4B（17.4%）
3. UBER $2.2B（15.7%）
4. MSFT $2.1B（15.3%）
5. QSR $1.7B（12.2%）

Tweet 3/5 · 41 chars

相比 2025-12-31 的变化：

🆕 新建仓：MSFT
🚪 清仓：HLT

Tweet 4/5 · 106 chars

📈 加仓最多：
  AMZN +$167.4M
  QSR +$113.3M
  SEG +$8.6M

📉 减仓最多：
  GOOG -$1.8B
  BN -$401.8M
  UBER -$313.3M

Tweet 5/5 · 215 chars

来源：SEC 13F（最多滞后 45 天公开，非实时，不代表基金净值）

SEC 原文：https://www.sec.gov/Archives/edgar/data/1336528/000117266126002336/0001172661-26-002336-index.htm
WSM 解读：https://worldsmartmoney.com/news/pershing-square-2026-03-31-002336

13F is a quarterly disclosure with up to 45-day lag. Not real-time, not fund NAV, not investment advice.