HLT - Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2024 Update
2025-03-05 18:32:11 ET
Summary
- Pershing Square’s 13F portfolio value decreased to ~$12.61B in Q4 2024, with the top three positions—Alphabet, Brookfield Corp, and Restaurant Brands—comprising ~45% of the total value.
- Significant stake increases were made in Brookfield Corp, Nike Inc., and Seaport Entertainment, while notable reductions occurred in Chipotle Mexican Grill and Hilton Worldwide Holdings.
- Pershing Square Holdings trades at a discount to NAV, with a significant stake in UMG Music Group valued at ~$5.5B, not listed in the 13F report.
- The portfolio remains concentrated with 9 positions, maintaining strong performance with an 8.4% YTD return as of mid-February 2025.
This article is part of a series that provides an ongoing analysis of the changes made to Pershing Square’s 13F portfolio on a quarterly basis. It is based on Ackman’s regulatory 13F Form filed on 02/14/2025. Please visit our Tracking Bill Ackman's Pershing Square Holdings article for an idea on how his holdings have progressed over the years and our previous update for the fund’s moves during Q3 2024....
Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2024 Update