13F filing recap · Q4 2024

What did Pershing Square Capital Management buy in Q4 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$12.66B

Positions

Estimated turnover

9.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Pershing Square Capital Management opened a new position in Hertz Global Holdings and exited Seaport Entertainment Group. The firm also added to Brookfield Corporation, Nike, and Seaport Entertainment Group, while trimming Chipotle Mexican Grill and Hilton Worldwide Holdings.

New positions

HTZHertz Global Holdings, Inc$46.53Mreported value+12.71M shares

Increased positions

BNBrookfield Corporation$2.00Breported value+2.16M shares+6.6%NKENike, Inc.$1.42Breported value+2.49M shares+15.3%SEGSeaport Entertainment Group Inc.$140.41Mreported value+2.93M shares+139.8%

Reduced positions

CMGChipotle Mexican Grill, Inc.$1.49Breported value-4.16M shares-14.4%HLTHilton Worldwide Holdings Inc.$1.34Breported value-1.93M shares-26.2%

Exited positions

SEGSeaport Entertainment Group Inc.$6.18Mprior reported value-2.09M shares-100.0%