Pershing Square Capital Management (Bill Ackman)

Pershing Square Capital Management (Bill Ackman) has filed 13F reports from Q2 2013 through Q4 2025. The portfolio has returned 11.7% annualized over five years, with 18.6% volatility and a maximum drawdown of 89.3%. Across all filing periods, 0.0% included restatements and 5.9% introduced new holdings. Review the fund’s investment style metrics, recent position changes, track record by individual position and sector, and related educational resources below.