Bill Ackman’s Pershing Square Capital Management disclosed in an SEC filing its holdings as of September 30, 2025. Pershing took no new stakes in companies and did not increase its stake in any positions. Pershing also reduced its position in Alphabet (GOOGL) by about 10% to 4.8M shares. Pershing’s top holdings as of September 30, in order of size, were Uber (UBER), Brookfield (BN), Howard Hughes (HHC), Alphabet, and Restaurant Brands (QSR).
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