{"url":"https://nivawealth.com/firms/pershing-square-capital-management-132982","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/132982","regulatoryAum":25061606673,"crd":"132982","secFileNumber":"801-63688","legalName":"Pershing Square Capital Management, L.P.","displayName":"Pershing Square Capital Management","website":null,"linkedinUrl":"https://www.linkedin.com/company/pershingsquare","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"787 Eleventh Avenue, 9th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10019"},"tradeNames":["Pershing Square"],"registration":{"secApproved":"2 December 2004","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":48,"advisory":11,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":25061606673,"discretionaryAccounts":5,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":33,"nonAumClients":1},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":5673725492},{"label":"Pooled investment vehicles","clients":4,"regulatoryAum":19387881181},{"label":"Corporations and other businesses","clients":1,"regulatoryAum":0}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Pershing Square Capital Management has custody of $19.39B for 4 clients.","otherCustodians":[],"leadership":[{"name":"William Ackman","title":"Chief Executive Officer","crd":"4866375"},{"name":"Benny Hakim","title":"President","crd":"4541760"},{"name":"Michael Gonnella","title":"Chief Financial Officer","crd":"6766535"},{"name":"Halit Coussin","title":"Chief Legal Officer/Chief Compliance Officer","crd":"5512877"},{"name":"Anthony Asnes","title":"Head of Ir","crd":"2362968"},{"name":"Ryan Israel","title":"Chief Investment Officer","crd":"5152718"}],"ownership":[{"label":"Pershing Square Inc.","detail":"Limited partner in the 75% or more ownership band and a control person, since April 2026. Also a member of PSCM GP, LLC in the 75% or more band and a control person, since April 2026."},{"label":"William Ackman","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since December 2003.","parent":"PSCM GP, LLC"},{"label":"Halit Coussin","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since May 2024.","parent":"PSCM GP, LLC"},{"label":"Michael Gonnella","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since May 2024.","parent":"PSCM GP, LLC"},{"label":"Ryan Israel","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since May 2024.","parent":"PSCM GP, LLC"},{"label":"Benny Hakim","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since May 2024.","parent":"PSCM GP, LLC"},{"label":"Anthony Asnes","detail":"Indirect owner: managing member of PSCM GP, LLC and a control person, since February 2025.","parent":"PSCM GP, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"787 Eleventh Avenue, 9th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-813-3700","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":null,"assetMix":[],"privateFunds":4},"sources":{"adv1FilingDate":"3 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/132982/PDF/132982.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pershing Square Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pershing Square Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Pershing Square Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pershing Square Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pershing Square Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/pershing-square-capital-management-132982/holdings","form":"13F-HR","periodOfReport":"2026-03-31","filedOn":"2026-05-15","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1336528/000117266126002336/0001172661-26-002336-index.html","totalValue":13714299861,"positionCount":11,"top10Share":0.9993211433981785,"top10":[{"issuer":"BROOKFIELD CORP","titleOfClass":"CL A LTD VT SH","cusip":"11271J107","value":2415946008,"shares":59697208,"shareType":"SH"},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":2385104083,"shares":11451981,"shareType":"SH"},{"issuer":"UBER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"90353T100","value":2154934398,"shares":29958771,"shareType":"SH"},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":2092970053,"shares":5654078,"shareType":"SH"},{"issuer":"RESTAURANT BRANDS INTL INC","titleOfClass":"COM","cusip":"76131D103","value":1673501194,"shares":22645483,"shareType":"SH"},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":1522358404,"shares":2660861,"shareType":"SH"},{"issuer":"HOWARD HUGHES HOLDINGS INC","titleOfClass":"COM","cusip":"44267T102","value":1192581569,"shares":18852064,"shareType":"SH"},{"issuer":"SEAPORT ENTMT GROUP INC","titleOfClass":"COMMON STOCK","cusip":"812215200","value":107910794,"shares":5023780,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL C","cusip":"02079K107","value":89421720,"shares":311726,"shareType":"SH"},{"issuer":"HERTZ GLOBAL HLDGS INC","titleOfClass":"COM NEW","cusip":"42806J700","value":70261595,"shares":15241127,"shareType":"SH"}],"positionsListed":11,"positions":[{"issuer":"BROOKFIELD CORP","titleOfClass":"CL A LTD VT SH","cusip":"11271J107","value":2415946008,"shares":59697208,"shareType":"SH"},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":2385104083,"shares":11451981,"shareType":"SH"},{"issuer":"UBER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"90353T100","value":2154934398,"shares":29958771,"shareType":"SH"},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":2092970053,"shares":5654078,"shareType":"SH"},{"issuer":"RESTAURANT BRANDS INTL INC","titleOfClass":"COM","cusip":"76131D103","value":1673501194,"shares":22645483,"shareType":"SH"},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":1522358404,"shares":2660861,"shareType":"SH"},{"issuer":"HOWARD HUGHES HOLDINGS INC","titleOfClass":"COM","cusip":"44267T102","value":1192581569,"shares":18852064,"shareType":"SH"},{"issuer":"SEAPORT ENTMT GROUP INC","titleOfClass":"COMMON STOCK","cusip":"812215200","value":107910794,"shares":5023780,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL C","cusip":"02079K107","value":89421720,"shares":311726,"shareType":"SH"},{"issuer":"HERTZ GLOBAL HLDGS INC","titleOfClass":"COM NEW","cusip":"42806J700","value":70261595,"shares":15241127,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":9310043,"shares":32376,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}