Bill Ackman · quarter digest

What Bill Ackman did in Q4 2025

Pershing Square Capital filed 8 moves in Q4 2025: 1 new, 4 add, 2 trim, 1 exit.

13F filed 2026-02-14. Manager quality score: q8. Philosophy: Concentrated bets on high-quality businesses with activist catalysts.

New positions · 1

Fresh money

METAMETA PLATFORMS INC

NEW·11.4% book·+3

Adds · 4

AMZNAMAZON COM INC

ADD +65%·14.3% book·−8

ADD +10%·10.4% book·+12

“Building Brookfield position.”

ADD +20%·6.4% book·−2

“Doubling down on the Nike turnaround thesis.”

ADD +35%·3.1% book·+16

“Heavy add on the autonomous vehicle optionality.”

Trims · 2

TRIM -4%·12.7% book·−10

“Small trim on Howard Hughes.”

GOOGLALPHABET INC

TRIM -86%·1.4% book·−26

Exits · 1

CMGCHIPOTLE MEXICAN GRILL INC

EXIT·0.0% book·−5

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.