13F Insight
DOSSIER · 13F-HR · Q1 2026

PERSHING SQUARE HOLDCO, L.P.

$569M in tracked AUM across 1 positions as of Q1 2026.

PS
CIK 0002026053 · last filed Mar 31, 2026
Total AUM
$569M
as of Q1 2026
Holdings
1
—
positions
Whale Score
70
70
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

The SEC 13F filing for Pershing Square Holdco, L.P. (CIK: 0002026053) as of September 30, 2025, reveals an investment portfolio of extreme concentration, with a total market value of approximately $739.53 million. The portfolio consists of a single holding, representing a complete lack of diversification in the traditional sense. Over the quarter, the portfolio experienced a significant appreciation in value, increasing by 21.7% from the $607.50 million reported in the pr...

Key Holdings

The portfolio is entirely composed of Howard Hughes Holdings Inc. (HHH), which accounts for 100% of the total value at $739.53 million. The position consists of 9.00 million shares. As a Financial Services firm operating as a real estate holding and development company, HHH is the sole focus of Pershing Square’s reported capital in this filing. The fact that the portfolio value increased by over $132 million during the quarter while the share count remained unchanged at 9.00 million shares indicates that HHH’s stock price appreciated significantly during this three-month period. For investors analyzing this filing, the performance and risk profile of Pershing Square’s portfolio is identical to the performance and risk profile of Howard Hughes Holdings Inc.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
HHH
HOWARD HUGHES HOLDINGS INC
$569M9.0M100.0%

Filing history

2026Q1Mar 31
$569M▼ 20.7%
1 positionsView →2025Q4Dec 31
$718M▼ 2.9%
1 positionsView →2025Q3Sep 30
$740M▲ 21.7%
1 positionsView →2025Q2Jun 30
$608M—
1 positionsLocked