Private fund adviser · New York, NY
Pershing Square Capital Management, L.P.
SEC-registered investment adviser · CRD 132982 · SEC 801-63688
At a glance
Pershing Square Capital Management, L.P. is an SEC-registered investment adviser based in New York, New York, with $25.1 billion in regulatory assets under management as of its Form ADV filed June 3, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 295th of 4,686 private fund advisers and 739th of 17,210 SEC-registered advisers by assets.
Main office 212-813-3700pershingsquareinc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $25B
- Rank among private fund advisers
- #295 of 4,686
- Rank among all SEC RIAs
- #739 of 17,210
- Rank in New York
- #204 of 2,591
- Clients
- 6
- Accounts
- 5
- Discretionary
- 100% of AUM
- Employees
- 48
- Advisory staff
- 11
- Offices
- 1
Owners and executives on its Form ADV
- William A. AckmanChief Executive Officer
- Halit CoussinChief Legal Officer/chief Compliance Officer
- Anthony K. AsnesHead of IR
- Michael GonnellaChief Financial Officer
- Ryan M. IsraelChief Investment Officer
- Benny (. HakimPresident
Custody and brokerage
Custodian
Pershing Square Capital Management, L.P.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 4 | $19B | 77% |
| Investment companies | 1 | $5.7B | 23% |
| Corporations or other businesses | 1 | $0M | 0% |
Private funds
Pershing Square Capital Management, L.P. reports 4 private funds with $19B in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Pershing Square Capital Management, L.P. answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗pershingsquareinc.com ↗
AtlasMembers
The full record on Pershing Square Capital Management, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 575 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Pershing Square Capital Management, L.P. manage?
Pershing Square Capital Management, L.P. reports $25.1 billion in regulatory assets under management across 5 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 3, 2026.
What kind of firm is Pershing Square Capital Management, L.P.?
Pershing Square Capital Management, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Pershing Square Capital Management, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($19.4 billion, 4 clients); investment companies ($5.7 billion, 1 clients); corporations or other businesses ($0, 1 clients).
Does Pershing Square Capital Management, L.P. manage private funds?
Yes. It reports 4 private funds with $19.4 billion in gross assets, including hedge funds, other private funds.
Does Pershing Square Capital Management, L.P. have any disciplinary history?
Pershing Square Capital Management, L.P. answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Pershing Square Capital Management, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →