Pershing Square Capital Management, L.P. 13F Holdings Analysis

Stock	Portfolio %	Prev Q %	Q2 2026 Value	Q2 2026 Shares	Prev Q Value	Prev Q Shares	Shares Change	Action
UBER TECHNOLOGIES INCUBER	12.72%	15.71%	$2.48B	34.3M	$2.15B	30.0M	+4.4M+14.58%	Add
BROOKFIELD CORPBN	12.58%	17.62%	$2.45B	57.5M	$2.42B	59.7M	-2.2M-3.71%	Reduce
MICROSOFT CORPMSFT	11.89%	15.26%	$2.32B	6.2M	$2.09B	5.7M	+552,652+9.77%	Add
AMAZON COM INCAMZN	10.49%	17.39%	$2.04B	8.6M	$2.39B	11.5M	-2.9M-25.22%	Reduce
HOWARD HUGHES HOLDINGS INCHHH	10.23%	8.7%	$1.99B	27.9M	$1.19B	18.9M	+9.0M+47.74%	Add
RESTAURANT BRANDS INTL INCQSR	9.62%	12.2%	$1.87B	25.8M	$1.67B	22.6M	+3.2M+14.02%	Add
META PLATFORMS INCMETA	9.25%	11.1%	$1.80B	3.2M	$1.52B	2.7M	+535,201+20.11%	Add
VISA INCV	5.76%	—	$1.12B	3.3M	$0	0	+3.3M	New Buy
MASTERCARD INCORPORATEDMA	5.61%	—	$1.09B	2.1M	$0	0	+2.1M	New Buy
S&P GLOBAL INCSPGI	5.43%	—	$1.06B	2.6M	$0	0	+2.6M	New Buy
NETFLIX INCNFLX	4.8%	—	$934.0M	13.1M	$0	0	+13.1M	New Buy
PPERSHING SQUARE USA LTDPSUS	0.77%	—	$149.5M	4.0M	$0	0	+4.0M	New Buy
SEAPORT ENTMT GROUP INC COMMON STOCKSEG	0.69%	0.79%	$133.6M	5.0M	$107.9M	5.0M	00.00%	Unchanged
HHERTZ GLOBAL HLDGS INC NHTZ	0.17%	0.51%	$34.0M	15.0M	$70.3M	15.2M	-249,528-1.64%	Reduce

Pershing Square Capital Management, L.P.