Clients
Pershing Square Capital Management serves 6 clients, 4 of them pooled investment vehicles. The average client has about $4.18 billion with the firm.
- Investment companies1 clients23%
- Pooled investment vehicles4 clients77%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $5,673,725,492 | 22.6% | $5.67B |
| Pooled investment vehicles | 4 | $19,387,881,181 | 77.4% | $4.85B |
| Corporations and other businesses | 1 | $0 | 0.0% | $0 |
| Total | 6 | $25,061,606,673 | 100% | $4.18B |
- Clients
- 1
- Regulatory AUM
- $5,673,725,492
- Share
- 22.6%
- Avg. per client
- $5.67B
- Clients
- 4
- Regulatory AUM
- $19,387,881,181
- Share
- 77.4%
- Avg. per client
- $4.85B
- Clients
- 1
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
Total
- Clients
- 6
- Regulatory AUM
- $25,061,606,673
- Share
- 100%
- Avg. per client
- $4.18B
What it does
Pershing Square Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and other activities. It is paid through a percentage of assets, fixed fees, performance-based fees and other arrangements.
Pershing Square Capital Management advises 4 private funds.
100.0% of assets ($25.06B across 5 accounts) are managed with discretion. 33% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
Custodians
Pershing Square Capital Management has custody of $19.39B for 4 clients.
- All other custodians$25.06B100%
Ownership and leadership
Pershing Square Inc. owns 75% or more of Pershing Square Capital Management, and William Ackman is its CEO.
- Owns 75% or more of Pershing Square Capital Management, L.P.
Pershing Square Inc.
Control person · since April 2026
William Ackman
Managing member of PSCM GP, LLC · Control person · since December 2003
Halit Coussin
Managing member of PSCM GP, LLC · Control person · since May 2024
Michael Gonnella
Managing member of PSCM GP, LLC · Control person · since May 2024
Ryan Israel
Managing member of PSCM GP, LLC · Control person · since May 2024
Benny Hakim
Managing member of PSCM GP, LLC · Control person · since May 2024
Anthony Asnes
Managing member of PSCM GP, LLC · Control person · since February 2025
Leadership
- William AckmanChief Executive Officer
- Benny HakimPresident
- Michael GonnellaChief Financial Officer
- Halit CoussinChief Legal Officer/Chief Compliance Officer
- Anthony AsnesHead of Ir
- Ryan IsraelChief Investment Officer
Staff
- 48 employees
- 11 in advisory functions
- 1 state-registered rep
Reported holdings
Pershing Square Capital Management’s reported 13F holdings total $13.71B across 11 positions, and the ten largest make up 99.9% of it.
- $13.71B
- Reported 13F value
- 11
- Positions
- 99.9%
- In the 10 largest
- —
- Value vs. prior quarter
- Brookfield Corp. · CL A Ltd VT SH17.6%
- Amazon Com Inc.17.4%
- Uber Technologies Inc.15.7%
- Microsoft Corp.15.3%
- Restaurant Brands Intl Inc.12.2%
- Meta Platforms Inc. · CL A11.1%
- Howard Hughes Holdings Inc.8.7%
- Seaport Entmt Group Inc.0.8%
- Alphabet Inc. · Cap Stk CL C0.7%
- Hertz Global Hldgs Inc.0.5%
Together, the ten largest are 99.9% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $13.71B is not its $25.06B in regulatory assets and does not represent any individual client's portfolio.
Fees
Pershing Square Capital Management is paid through a percentage of assets under management, fixed fees (other than subscription fees), performance-based fees and other.
Pershing Square Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Pershing Square Capital Management has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 787 Eleventh Avenue, 9th Floor, New YorkHQ
Other business names
Pershing Square Capital Management has reported 1 other business name to the SEC.
- Pershing Square
Registration details
- Legal name
- Pershing Square Capital Management, L.P.
- Headquarters
- 787 Eleventh Avenue, 9th Floor, New York, NY 10019
- Phone
- 212-813-3700
- Website
- Not reported
- SEC file
- 801-63688
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Pershing Square Capital Management have?
Pershing Square Capital Management has 6 clients and manages $25.1 billion for them, as of June 2026. They include 4 pooled investment vehicles, 1 investment companies and 1 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 June 2026
What services does Pershing Square Capital Management offer?
Pershing Square Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Pershing Square Capital Management have?
Pershing Square Capital Management has 1 investment adviser representatives registered with state securities authorities, out of 48 employees, and 11 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Pershing Square Capital Management?
Pershing Square Capital Management’s direct owner is Pershing Square Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 June 2026
How does Pershing Square Capital Management get paid?
Pershing Square Capital Management is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file