Pershing Square takes new stake in Uber, exits Nike

Bill Ackman’s Pershing Square Capital Management disclosed in an SEC filing its holdings as of March 31, 2025. Pershing’s one new buy during the first quarter was Uber (UBER). Pershing exited one position during the quarter, Nike (NKE). Pershing increased its stake in three holdings, including by size of previous position, Brookfield Corp (BN), Hertz (HTZ), and Alphabet (GOOGL). Pershing reduced its stake in four holdings, including by size of previous position, Hilton Worldwide (HLT), Alphabet (GOOG), Chipotle (CMG), and Canadian Pacific Kansas City (CP). Pershing’s top holdings as of March 31, in order of size, were Uber, Brookfield, Restaurant Brands (QSR), Howard Hughes (HHH), and Chipotle.