Bill Ackman · quarter digest

What Bill Ackman did in Q2 2025

Pershing Square Capital filed 6 moves in Q2 2025: 1 new, 4 add, 0 trim, 1 exit.

13F filed 2025-08-14. Manager quality score: q8. Philosophy: Concentrated bets on high-quality businesses with activist catalysts.

New positions · 1

Fresh money

AMZNAMAZON COM INC

NEW·9.3% book·−8

Adds · 4

ADD +8%·13.8% book·−10

“Building Howard Hughes.”

ADD +12%·8.7% book·+12

“Continuing to build Brookfield.”

GOOGLALPHABET INC

ADD +21%·6.9% book·−26

ADD +18%·4.5% book·−2

“First major Nike add — 3 consecutive quarters building.”

Exits · 1

CPCANADIAN PACIFIC KANSAS CITY

EXIT·0.0% book·−9

Current top holdings

#	Ticker	Weight	Conviction
1	CMG Chipotle Mexican Grill	21.4%	−5
2	QSR Restaurant Brands International	14.8%	−4
3	HHH Howard Hughes Holdings	13.2%	−10
4	GOOG Alphabet Class C	11.7%	−1
5	BN Brookfield Corp	9.5%	+12
6	HLT Hilton Worldwide	9.1%	−17
7	CP Canadian Pacific Kansas City	6.8%	−9
8	NKE Nike	5.3%	−2

Other quarters for Bill Ackman

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.