In the depot of his hedge fund Pershing Square Capital, Bill Ackman made some adjustments in the second quarter of 2025. In the event of a new position, the stock market legend increased vigorously.
At the end of the second quarter of 2025, the deposit value of Bill Ackman’s hedge fund Pershing Square Capital was around $ 13.73 billion. The fund is therefore subject to the obligation to publish a 13f form in the US stock exchange supervision Sec. This gives investors insight into the investment divorces of the stock exchange professional – and this made some adjustments in his investments in the past quarter.
A well-known US technology company, which is also a member of “Magnificent 7”, was able to move into the star investor’s depot for the first time in the past quarter. Bill Ackman directly accessed: this position alone had a value of more than one billion US dollars at the end of the quarter.
The Pershing Square Capital Management depot, on the other hand, had to leave the shares of Canadian Pacific Kansas City: Ackman in the second quarter all around 14.8 million shares of the railway company, in which he invested for the first time at the end of 2021 and which had been in sixth place in the previous quarter.
The following ranking shows how Pershing Square Capital was recently invested. It contains the ten largest stock investments by Bill Ackman’s hedge fund in the second quarter of 2025. Status of the ranking is June 30, 2025.
Editor finance.net
11th place: the ranking
Institutional investors with an managed assets of more than $ 100 million must report their investments quarterly using the 13F form in the US stock exchange regulator SEC. This obligation also applies to Pershing Square Capital Management, the hedge fund under the direction of Bill Ackman, whose deposit value was around $ 13.73 billion at the end of the second quarter of 2025. The following ranking shows the ten largest stock participations of the hedge fund on the cut -off date June 30, 2025; The data was published on August 14, 2025.
Source: Sec.Gov, Image: Bryan Bedder/Getty Images for the New York Times
10th place: Hertz Global
In the fourth quarter of 2024, Pershing Square Capital invested in the car rental company Hertz Global for the first time. In the second quarter of 2025, Bill Ackman increased the participation by 1.61 percent, or 241.127 shares, which was now enough for a place in the top ten. A total of 15.241.127 Hertz shares worth around $ 104.10 million were in the hands of Bill Ackman’s hedge fund on the same day. Their deposit share was thus 0.76 percent at the end of the quarter.
Source: Sec.Gov, Image: Ryo Alexandre / Shutterstock.com
9th place: Hilton Worldwide
In the past annual quarter, acquisitions also existed with the hotel operator Hilton Worldwide. At 29,808 parts, Bill Ackman increased his participation – after he had separated from a significantly larger stock package in the first quarter of 2025. As of June 30, 2025, 3,030,578 Hilton shares were in the Pershing Square Capital Management depot, which had a total value of around $ 807.16 million and made up 5.88 percent of the total hedge fund portfolio.
Source: sec.gov, Image: Tupungato / Shutterstock.com
8th place: Alphabet A
In the second quarter of 2025, Bill Ackman also increased in the A-shares of the Google mother Alphabet and increased his investment by a whopping 20.84 percent, or 925,000 other shares to a total of 5,362,980 shares. Around $ 945.12 million were the A alphabet A-shares held by Pershing Square Capital at the end of the quarter and thus came to a share of 6.88 percent in the total depot.
Source: sec.gov, picture: rvlsoft / shutterstock.com
7th place: Alphabet C
Nothing happened in the C-shares of Google mother Alphabet in the past annual quarter: As of the deadline, there were still 6,324,031 shares worth around $ 1.12 billion in the pershing portfolio. At the end of June 2025, these came to a share in the total depot of 8.17 percent.
Source: sec.gov, Image: Anchinthamb / Shutterstock.com
6th place: Chipotle Mexican Grill
Bill Ackman also kept his feet still in his investment in Chipotle Mexican Grill in the second quarter of 2025. As a result, 21,541,177 shares with a total value of around $ 1.21 billion were still in its portfolio, which made a share of 8.81 percent.
Source: sec.gov, Image: Electric Egg / Shutterstock.com
5th place: Howard Hughes
The participation in the US real estate company Howard Hughes also left Ackman’s hedge funds untouched in the second quarter of this year. Pershing Square Capital continued 18,852,064 shares, the value of which was around $ 1.27 billion. 9.27 percent of the total depot consisted of shares in the real estate group.
Source: sec.gov, Image: Viewimage / Shutterstock.com
4th place: Amazon
The participation in the online retailer Amazon was completely rebuilding Bill Ackman in the second quarter of 2025 – directly on a large scale. His hedge fund in the past quarter of 5,823,316 Amazon shares brought into the depot, the value of this investment on June 30, 20205 was around $ 1.28 billion. This made the new position from the start of 9.31 percent on the Pershing portfolio.
Source: sec.gov, picture: Ken Wolter / Shutterstock.com
3rd place: Restaurant Brands International
Participation in Restaurant Brands International was not adjusted in the second quarter of 2025. The Bill Ackman hedge fund still kept 23,000,914 shares, the total value of which was around $ 1.52 billion at the end of the quarter. 11.11 percent of the total depot of Pershing Square Capital accounted for the shares of the fast food chain operator.
Source: Sec.Gov, Image: Postmodern Studio / Shutterstock.com
2nd place: Brookfield Asset Management
The participation in Brookfield Asset Management increased Pershing Square Capital Mangement in the past annual quarter of slightly by 155,740 shares. Thus, the total number of shares held by the Canadian asset manager increased to 41,160,397 shares with a total value of around $ 2.55 billion. The investment in Brookfield Asset Management thus accounted for 18.54 percent at the total depot.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
1st place: Uber
Once again to first place in the Pershing Square Capital Management depot made it in the second quarter of 2025 the travel agent Uber – even if the position remained unchanged. Star investor Bill Ackman continued to have 30:301.161 Uber shares – a participation that he had only built up in the previous quarter – with a total value of around $ 2.83 billion. This position made around a fifth, namely 20.59 percent, the entire portfolio.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
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