Ackman's ultra-concentrated activist book — usually under a dozen names.
| # | Holding | Our call | % of book | Value | Shares | QoQ |
|---|---|---|---|---|---|---|
| 1 | BN | — | 17.6% | $2.42B | 59.7M | Trimmed-3% |
| 2 | AMZN | Buy | 17.4% | $2.39B | 11.5M | Added+19% |
| 3 | UBER | Buy | 15.7% | $2.15B | 30.0M | — |
| 4 | MSFT | Buy | 15.3% | $2.09B | 5.65M | NEW |
| 5 | QSR | Hold | 12.2% | $1.67B | 22.6M | — |
| 6 | META | Buy | 11.1% | $1.52B | 2.66M | — |
| 7 | HHH | Hold | 8.7% | $1.19B | 18.9M | — |
| 8 | SEG | Hold | 0.8% | $108M | 5.02M | — |
| 9 | GOOG | Buy | 0.7% | $89.4M | 312K | Trimmed-95% |
| 10 | HTZ | Avoid | 0.5% | $70.3M | 15.2M | — |
| 11 | GOOGL | Buy | 0.1% | $9.31M | 32.4K | Trimmed-95% |
Source: SEC Form 13F-HR. Positions are as-of quarter end (filed up to 45 days later) and cover US-listed equities only — shorts, non-US listings and most derivatives don’t appear. Values as reported by the filer. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.