Scott Ferguson's Pershing Square spinout. Activist long-short. ~10 concentrated names, often value-with-catalyst situations.
| Quarter | Filer (100=start) | SPY | Filed value | Positions |
|---|---|---|---|---|
| 2025-12-31 | 100.0 | 100.0 | $6.66B | 18 |
| 2026-03-31 | 85.5 | 104.1 | $5.70B | 13 |
| 2026-06-30 | 147.6 | 108.5 | $9.83B | 20 |
Filed NAV tracks the reported long-equity book only. It excludes cash, shorts, debt, options and non-13F assets, so it is not the fund's return.
| # | Ticker | Issuer | Value | % of book | Shares |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | $1.88B | 19.2% | 9.41M |
| 2 | CBRS | CEREBRAS SYSTEMS INC | $1.60B | 16.2% | 7.23M |
| 3 | META | META PLATFORMS INC | $763.3M | 7.8% | 1.35M |
| 4 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $682.6M | 6.9% | 1.43M |
| 5 | CRWV | COREWEAVE INC | $604.6M | 6.2% | 6.07M |
| 6 | ARM | ARM HOLDINGS PLC | $582.2M | 5.9% | 1.64M |
| 7 | AMZN | AMAZON COM INC | $578.1M | 5.9% | 2.43M |
| 8 | UBER | UBER TECHNOLOGIES INC | $532.0M | 5.4% | 7.37M |
| 9 | SNOW | SNOWFLAKE INC | $490.2M | 5.0% | 1.93M |
| 10 | MSFT | MICROSOFT CORP | $473.0M | 4.8% | 1.27M |
| 11 | QCOM | QUALCOMM INC | $347.9M | 3.5% | 1.88M |
| 12 | SPCX | SPACE EXPLORATION TECHN CORP | $303.5M | 3.1% | 1.78M |
| 13 | MU | MICRON TECHNOLOGY INC | $241.8M | 2.5% | 209.5K |
| 14 | AMAT | APPLIED MATLS INC | $189.4M | 1.9% | 261.9K |
| 15 | KLAC | KLA CORP | $174.5M | 1.8% | 578.2K |
| 16 | LRCX | LAM RESEARCH CORP | $170.8M | 1.7% | 394.1K |
| 17 | HOOD | ROBINHOOD MKTS INC | $90.2M | 0.9% | 899.7K |
| 18 | GOOGL | ALPHABET INC | $62.6M | 0.6% | 175.2K |
| 19 | SNPS | SYNOPSYS INC | $62.6M | 0.6% | 140.3K |
| 20 | GRAB | GRAB HOLDINGS LIMITED | $150.6K | 0.0% | 3.50M |
| Ticker | Issuer | Action | Δ shares | Δ value |
|---|---|---|---|---|
| CBRS | CEREBRAS SYSTEMS INC | new | +100.0% | $1.60B |
| META | META PLATFORMS INC | decreased | -30.6% | -$354.3M |
| QCOM | QUALCOMM INC | new | +100.0% | $347.9M |
| ARM | ARM HOLDINGS PLC | decreased | -4.3% | $322.7M |
| SPCX | SPACE EXPLORATION TECHN CORP | new | +100.0% | $303.5M |
| CRWV | COREWEAVE INC | increased | +35.0% | $256.0M |
| NVDA | NVIDIA CORPORATION | increased | +0.8% | $255.4M |
| MU | MICRON TECHNOLOGY INC | new | +100.0% | $241.8M |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | increased | +4.7% | $221.1M |
| AMAT | APPLIED MATLS INC | new | +100.0% | $189.4M |
| KLAC | KLA CORP | new | +100.0% | $174.5M |
| LRCX | LAM RESEARCH CORP | new | +100.0% | $170.8M |
| AMZN | AMAZON COM INC | increased | +16.1% | $142.9M |
| AXON | AXON ENTERPRISE INC | closed | -100.0% | -$63.3M |
| GOOGL | ALPHABET INC | new | +100.0% | $62.6M |
| SNPS | SYNOPSYS INC | new | +100.0% | $62.6M |
| UBER | UBER TECHNOLOGIES INC | decreased | -7.5% | -$41.4M |
| MSFT | MICROSOFT CORP | increased | +7.1% | $34.9M |
| AVGO | BROADCOM INC | closed | -100.0% | -$20.8M |
| — | GRAB HOLDINGS LIMITED | closed | -100.0% | -$262.6K |
| GRAB | GRAB HOLDINGS LIMITED | new | +100.0% | $150.6K |
Compare this book against the other 72 filers, screen for consensus positions, and follow quarterly moves as they land.
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