Investment adviser · CRD 132982

PERSHING SQUARE CAPITAL MANAGEMENT, L.P.

NEW YORK, NY, United States · Form ADV filed Jun 5, 2025

Regulatory AUM
$18.3B
Form ADV · Item 5.F
Client accounts
3
Accounts, not individual clients
Employees
39
Reported in this filing
Advisory professionals
10
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$9.32B$18.6BFY 2021: $16,798,430,681.00FY 2021FY 2022: $15,999,539,524.00FY 2022FY 2023: $18,634,307,414.00FY 2023FY 2024: $18,251,179,289.00FY 2024

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal yearRegulatory AUMEmployeesFiled
2021$16,798,430,68140Mar 31, 2022
2022$15,999,539,52439Mar 30, 2023
2023$18,634,307,41440Mar 28, 2024
2024$18,251,179,28939Mar 28, 2025

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles3$18,251,179,289100.0%
Filing source

Form ADV 1995043 · Jun 5, 2025 · Item 5.D

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION

Custodian · funds reporting this exact name in the selected filing

These are reported-name connections within this adviser's filing, not a verified global provider identity or market-wide client count.

Private funds & service providers

3 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

PERSHING SQUARE HOLDINGS, LTD.Hedge Fund$16.3BGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator NORTHERN TRUST INTERNATIONAL FUND ADMINISTRATION SERVICES (GUERNSEY) LIMITED ST PETER PORT, Guernsey Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG ST. PETER PORT, Guernsey Other funds reporting this name →
Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian BNY MELLON INVESTMENT SERVICING (US) INC. WILMINGTON, Delaware, United States Related to adviser: No Other funds reporting this name →
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG
PCAOB 1438

GOLDMAN SACHS & CO. LLC
SEC 8-129

UBS SECURITIES LLC
SEC 8-22651

Fund details & source
Fund ID
805-3454124007
Reported beneficial owners
511
Minimum commitment
$0
Form D file number
021-190142

Form ADV 1995043 · Jun 5, 2025 · Schedule D 7.B.(1)

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

PERSHING SQUARE, L.P.Hedge Fund$1.44BGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian BNY MELLON INVESTMENT SERVICING (US) INC. WILMINGTON, Delaware, United States Related to adviser: No Other funds reporting this name →
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LLP
PCAOB 42

GOLDMAN SACHS & CO. LLC
SEC 8-129

UBS SECURITIES LLC
SEC 8-22651

Fund details & source
Fund ID
805-5668139393
Reported beneficial owners
109
Minimum commitment
$5M
Form D file number
021-86232

Form ADV 1995043 · Jun 5, 2025 · Schedule D 7.B.(1)

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

PERSHING SQUARE INTERNATIONAL, LTD.Hedge Fund$482MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator NORTHERN TRUST GLOBAL FUND SERVICES CAYMAN LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG GRAND CAYMAN, Cayman Islands Other funds reporting this name →
Custodian BNY MELLON INVESTMENT SERVICING (US) INC. WILMINGTON, Delaware, United States Related to adviser: No Other funds reporting this name →
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG
PCAOB 1655

GOLDMAN SACHS & CO. LLC
SEC 8-129

UBS SECURITIES LLC
SEC 8-22651

Fund details & source
Fund ID
805-1971282988
Reported beneficial owners
37
Minimum commitment
$5M
Form D file number
021-105156

Form ADV 1995043 · Jun 5, 2025 · Schedule D 7.B.(1)

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Mar 28, 2025 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 1995043 · Jun 5, 2025 · Items 1 & 5

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary
$18.3B
Non-discretionary
$0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

787 ELEVENTH AVENUE, 9TH FLOOR
NEW YORK, NY, 10019, United States

CRD 132982

Filing source

Form ADV 1995043 · Jun 5, 2025 · Items 1 & 5

Reported by PERSHING SQUARE CAPITAL MANAGEMENT, L.P. (CRD 132982).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.