{
  "data": {
    "slug": "bill-ackman",
    "name": "Bill Ackman",
    "fund": "Pershing Square Capital",
    "role": "Founder & CEO",
    "philosophy": "Concentrated bets on high-quality businesses with activist catalysts.",
    "bio": "Activist investor known for high-conviction, concentrated portfolios. Famous wins (General Growth) and famous losses (Valeant, Herbalife).",
    "longest_holding": "Restaurant Brands International (since 2014)",
    "quality_score": 8,
    "cagr_10y": 11,
    "holdings": [
      {
        "ticker": "CMG",
        "name": "Chipotle Mexican Grill",
        "pct": 21.4,
        "shares_mn": 28,
        "thesis": "Top position. Quality compounder thesis."
      },
      {
        "ticker": "QSR",
        "name": "Restaurant Brands International",
        "pct": 14.8,
        "shares_mn": 23,
        "thesis": "Tim Hortons + Burger King + Popeyes parent."
      },
      {
        "ticker": "HHH",
        "name": "Howard Hughes Holdings",
        "pct": 13.2,
        "shares_mn": 19,
        "thesis": "Master-planned community real estate."
      },
      {
        "ticker": "GOOG",
        "name": "Alphabet Class C",
        "pct": 11.7,
        "shares_mn": 9,
        "thesis": "Reentered position 2023 — AI thesis."
      },
      {
        "ticker": "BN",
        "name": "Brookfield Corp",
        "pct": 9.5,
        "shares_mn": 30,
        "thesis": "Alternative asset manager play."
      },
      {
        "ticker": "HLT",
        "name": "Hilton Worldwide",
        "pct": 9.1,
        "shares_mn": 8,
        "thesis": "Asset-light hotel franchise."
      },
      {
        "ticker": "CP",
        "name": "Canadian Pacific Kansas City",
        "pct": 6.8,
        "shares_mn": 14,
        "thesis": "Rail + freight — wide moat."
      },
      {
        "ticker": "NKE",
        "name": "Nike",
        "pct": 5.3,
        "shares_mn": 16,
        "thesis": "Recent reentry on turnaround thesis."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "NKE",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 6.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 10.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "UBER",
        "action": "add",
        "delta_pct": 35,
        "portfolio_impact_pct": 3.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "HHH",
        "action": "trim",
        "delta_pct": -4,
        "portfolio_impact_pct": 12.7
      },
      {
        "quarter": "2025-Q3",
        "ticker": "UBER",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 2.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 9.5
      },
      {
        "quarter": "2025-Q3",
        "ticker": "NKE",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 5.3
      },
      {
        "quarter": "2025-Q3",
        "ticker": "CMG",
        "action": "trim",
        "delta_pct": -6,
        "portfolio_impact_pct": 21.4
      },
      {
        "quarter": "2025-Q2",
        "ticker": "NKE",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 4.5
      },
      {
        "quarter": "2025-Q2",
        "ticker": "HHH",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 13.8
      },
      {
        "quarter": "2025-Q2",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 8.7
      },
      {
        "quarter": "2025-Q1",
        "ticker": "NKE",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 3.1
      },
      {
        "quarter": "2025-Q1",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 7.8
      },
      {
        "quarter": "2024-Q4",
        "ticker": "NKE",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 4
      },
      {
        "quarter": "2024-Q4",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 8.4
      },
      {
        "quarter": "2024-Q4",
        "ticker": "HHH",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 13
      },
      {
        "quarter": "2024-Q3",
        "ticker": "NKE",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 3
      },
      {
        "quarter": "2024-Q3",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 13,
        "portfolio_impact_pct": 7.5
      },
      {
        "quarter": "2024-Q3",
        "ticker": "HHH",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 12.3
      },
      {
        "quarter": "2024-Q2",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 6.6
      },
      {
        "quarter": "2024-Q2",
        "ticker": "CMG",
        "action": "trim",
        "delta_pct": -4,
        "portfolio_impact_pct": 22.5
      },
      {
        "quarter": "2024-Q1",
        "ticker": "BN",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 5.8
      },
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        "quarter": "2024-Q1",
        "ticker": "CMG",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 23
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AMZN",
        "action": "add",
        "delta_pct": 19,
        "portfolio_impact_pct": 17.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MSFT",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 15.3
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        "quarter": "2026-Q1",
        "ticker": "GOOG",
        "action": "trim",
        "delta_pct": -95,
        "portfolio_impact_pct": 0.7
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        "quarter": "2026-Q1",
        "ticker": "GOOGL",
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        "delta_pct": -95,
        "portfolio_impact_pct": 0.1
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        "quarter": "2026-Q1",
        "ticker": "HLT",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q4",
        "ticker": "AMZN",
        "action": "add",
        "delta_pct": 65,
        "portfolio_impact_pct": 14.3
      },
      {
        "quarter": "2025-Q4",
        "ticker": "META",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 11.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "GOOGL",
        "action": "trim",
        "delta_pct": -86,
        "portfolio_impact_pct": 1.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "CMG",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
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        "quarter": "2025-Q3",
        "ticker": "GOOGL",
        "action": "trim",
        "delta_pct": -10,
        "portfolio_impact_pct": 8
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        "quarter": "2025-Q2",
        "ticker": "AMZN",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 9.3
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      {
        "quarter": "2025-Q2",
        "ticker": "GOOGL",
        "action": "add",
        "delta_pct": 21,
        "portfolio_impact_pct": 6.9
      },
      {
        "quarter": "2025-Q2",
        "ticker": "CP",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q1",
        "ticker": "UBER",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 18.5
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      {
        "quarter": "2025-Q1",
        "ticker": "CMG",
        "action": "trim",
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        "quarter": "2025-Q1",
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        "quarter": "2025-Q1",
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        "portfolio_impact_pct": 5.8
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        "quarter": "2025-Q1",
        "ticker": "HLT",
        "action": "trim",
        "delta_pct": -45,
        "portfolio_impact_pct": 5.7
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        "quarter": "2025-Q1",
        "ticker": "HTZ",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.5
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        "quarter": "2024-Q4",
        "ticker": "CMG",
        "action": "trim",
        "delta_pct": -14,
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        "quarter": "2024-Q4",
        "ticker": "HLT",
        "action": "trim",
        "delta_pct": -26,
        "portfolio_impact_pct": 10.7
      },
      {
        "quarter": "2024-Q4",
        "ticker": "SEA",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 1.1
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        "quarter": "2024-Q3",
        "ticker": "HLT",
        "action": "trim",
        "delta_pct": -18,
        "portfolio_impact_pct": 13.2
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      {
        "quarter": "2024-Q3",
        "ticker": "SEA",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.5
      }
    ]
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  "meta": {
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    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
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