13F filing recap · Q3 2025

What did Pershing Square Capital Management buy in Q3 2025?

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

Stock value

$14.64B

Positions

Estimated turnover

1.0%

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 slightly trimmed its positions in Uber Technologies, Brookfield Corporation, Restaurant Brands International, and Alphabet during the quarter.

Reduced positions

UBERUber Technologies, Inc.$2.97Breported value-30.6K shares-0.1%BNBrookfield Corporation$2.81Breported value-140.2K shares-0.3%QSRRestaurant Brands International Inc.$1.47Breported value-85.4K shares-0.4%GOOGLAlphabet Inc.$1.18Breported value-519.0K shares-9.7%