DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Pershing Square Capital Management, L.P.

Asset manager (funds and pooled vehicles)New York, New YorkCRD 132982SEC 801-63688websiteIAPD
Latest filing Jun 3, 2026
First filing on the tape Apr 2, 2012 · 50 filings
SEC status approved since Dec 2, 2004
RAUM
$25B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$25B
derived; firm RAUM over IAPD count
Employees
48
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
50 filings and snapshots on the tape
RAUM$25B as of Jun 3, 2026
Apr 2, 2012$10B then
HNW client RAUM$0 as of Jun 3, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)1 as of Jun 3, 2026
Apr 1, 20131 then
Employees (5.A)48 as of Jun 3, 2026
Apr 1, 201352 then
Private funds4 as of Jun 3, 2026
Apr 2, 20123 then
RAUM +37% over the last fiscal year+16% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$25BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$5.0BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
48.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.3%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
Custody
$19B, 4 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$19B77%
  • Investment companies$5.7B23%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$19B for 4 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
William Albert AckmanNew York, NyApr 14, 200824 y2
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    Private funds
    10 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Pershing Square Holdings, Ltd.Hedge Fund$15B467Feb 28, 2013
    Ps Fund 1, LLCno longer reportedHedge Fund$4.8B5Aug 20, 2014
    Pershing Square Vi Master, L.P.no longer reportedHedge Fund$1.8B57Sep 27, 2017
    Pershing Square, L.P.Hedge Fund$1.4B112Apr 2, 2012
    Ps Vii Master, L.P.Hedge Fund$1.1B40Nov 29, 2021
    Ps Vii A International, L.P.Hedge Fund$795M27Mar 31, 2022
    Ps V Mini-Master, L.P.no longer reportedHedge Fund$680M29Oct 1, 2013
    Pershing Square International, Ltd.Hedge Fund$613M37Apr 2, 2012
    Ps V, L.P.no longer reportedHedge Fund$332M20Oct 1, 2013
    Pershing Square II, L.P.no longer reportedHedge Fund$77.2M50Apr 2, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Albert William Ackman · Chief Executive Officercontrol
      since 12/2003 · owns less than 5%
    • Ketay Anthony Asnes · Head Of Ircontrol
      since 04/2010 · owns less than 5%
    • Anthony Nicholas Botta · Vice Chairmancontrol
      since 05/2024 · owns less than 5%
    • Halit Coussin · Chief Legal Officer/Chief Compliance Officercontrol
      since 02/2015 · owns less than 5%
    • Michael Gonnella · Chief Financial Officercontrol
      since 03/2017 · owns less than 5%
    • (No Middle Name) Benny Hakim · Presidentcontrol
      since 05/2024 · owns less than 5%
    • Michael Ryan Israel · Chief Investment Officercontrol
      since 08/2022 · owns less than 5%
    • Albert William Ackman · Membercontrol
      since 05/2024 · owns 25% to 50% of Pershing Square Partner Group, LLC
    • Albert William Ackman · Managing Membercontrol
      since 12/2003 · owns F of Ps Management Gp, LLC
    • Anthony Nicholas Botta · Managing Membercontrol
      since 05/2024 · owns F of Ps Management Gp, LLC
    • Halit Coussin · Managing Membercontrol
      since 05/2024 · owns F of Ps Management Gp, LLC
    • Michael Gonnella · Managing Membercontrol
      since 05/2024 · owns F of Ps Management Gp, LLC
    • (No Middle Name) Benny Hakim · Managing Membercontrol
      since 05/2024 · owns F of Ps Management Gp, LLC
    • Michael Ryan Israel · Managing Membercontrol
      since 05/2024 · owns F of Ps Management Gp, LLC
    Entity owners
    • Pershing Square Intermediate Holdings, LLC · Limited Partner
      direct · owns 75% or more
    • Ps Management Gp, LLC · General Partner
      direct · owns less than 5%
    • Pershing Square Holdco Gp, LLC · General Partner
      indirect · owns F of Pershing Square Holdco, L.P.
    • Pershing Square Holdco, L.P. · Member
      indirect · owns 75% or more of Pershing Square Intermediate Holdings, LLC
    • Pershing Square Intermediate Holdings, LLC · Member
      indirect · owns 75% or more of Ps Management Gp, LLC
    • Pershing Square Partner Group, LLC · Limited Partner
      indirect · owns 75% or more of Pershing Square Holdco, L.P.
    • Ps Holdco Gp Managing Member, LLC · Member
      indirect · owns 75% or more of Pershing Square Holdco Gp, LLC
    • Ps Holdco Gp Managing Member, LLC · Managing Member
      indirect · owns F of Pershing Square Partner Group, LLC
    Related persons
    Schedule D 7.A
    • Pershing Square Gp, LLC
      investment adviserbankpooled vehicle sponsornRAUM $1.4B
    • Ps Vii Gp, LLC
      bankpooled vehicle sponsorn
    • Table Management, L.P.
      pooled vehicle sponsorn
    Advisers that list Pershing Square Capital Management, L.P. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 3 to 5
      Mar 30, 2026 to Jun 3, 2026
    • Advisory activities · 2 to 3
      Mar 30, 2026 to Jun 3, 2026
    • Pooled vehicle clients · 3 to 4
      Mar 30, 2026 to Jun 3, 2026
    • Assets in custody · $20B to $19B
      Mar 30, 2026 to Jun 3, 2026
    • Employees · 46 to 48
      Mar 30, 2026 to Jun 3, 2026
    • Private funds · 3 to 4
      Mar 30, 2026 to Jun 3, 2026
    • Discretionary RAUM · $20B to $25B
      Mar 30, 2026 to Jun 3, 2026
    • Pooled vehicle RAUM · $20B to $19B
      Mar 30, 2026 to Jun 3, 2026
    • RAUM · $20B to $25B
      Mar 30, 2026 to Jun 3, 2026
    • Advisory employees · 10 to 11
      Oct 8, 2025 to Mar 30, 2026
    • Advisory activities · 1 to 2
      Oct 8, 2025 to Mar 30, 2026
    • Corporate clients · 0 to 1
      Oct 8, 2025 to Mar 30, 2026
    • Assets in custody · $18B to $20B
      Oct 8, 2025 to Mar 30, 2026
    • Employees · 39 to 46
      Oct 8, 2025 to Mar 30, 2026
    • Discretionary RAUM · $18B to $20B
      Oct 8, 2025 to Mar 30, 2026
    • Pooled vehicle RAUM · $18B to $20B
      Oct 8, 2025 to Mar 30, 2026
    • RAUM · $18B to $20B
      Oct 8, 2025 to Mar 30, 2026
    • Financial planning clients · unset to
      Mar 28, 2025 to Jun 5, 2025
    • Accounts · 8 to 3
      Aug 15, 2024 to Mar 28, 2025
    • Pooled vehicle clients · 8 to 3
      Aug 15, 2024 to Mar 28, 2025
    • Assets in custody · $19B to $18B
      Aug 15, 2024 to Mar 28, 2025
    • Employees · 41 to 39
      Aug 15, 2024 to Mar 28, 2025
    • Insurance-licensed employees · 1 to 0
      Aug 15, 2024 to Mar 28, 2025
    • Private funds · 5 to 3
      Aug 15, 2024 to Mar 28, 2025
    • Discretionary RAUM · $19B to $18B
      Aug 15, 2024 to Mar 28, 2025
    • Pooled vehicle RAUM · $19B to $18B
      Aug 15, 2024 to Mar 28, 2025
    • RAUM · $19B to $18B
      Aug 15, 2024 to Mar 28, 2025
    • Employees · 40 to 41
      Jun 13, 2024 to Aug 15, 2024
    • Assets in custody · $16B to $19B
      Dec 19, 2023 to Mar 28, 2024
    • Employees · 39 to 40
      Dec 19, 2023 to Mar 28, 2024
    • Discretionary RAUM · $16B to $19B
      Dec 19, 2023 to Mar 28, 2024
    • Pooled vehicle RAUM · $16B to $19B
      Dec 19, 2023 to Mar 28, 2024
    • RAUM · $16B to $19B
      Dec 19, 2023 to Mar 28, 2024
    • Assets in custody · $17B to $16B
      Jun 10, 2022 to Mar 30, 2023
    • Employees · 40 to 39
      Jun 10, 2022 to Mar 30, 2023
    • Discretionary RAUM · $17B to $16B
      Jun 10, 2022 to Mar 30, 2023
    • Pooled vehicle RAUM · $17B to $16B
      Jun 10, 2022 to Mar 30, 2023
    • RAUM · $17B to $16B
      Jun 10, 2022 to Mar 30, 2023
    • Accounts · 3 to 8
      Nov 29, 2021 to Mar 31, 2022
    • Advisory employees · 9 to 10
      Nov 29, 2021 to Mar 31, 2022
    Signals
    6 dated events
    • Pershing Square Capital Management, L.P. reported RAUM $25.1B, up 27% from $19.8B (2026-03-30 to 2026-06-03)
      Jun 3, 2026 · RAUM change · derived
    • (No Middle Name) Benny Hakim (President) appeared on Schedule A of Pershing Square Capital Management, L.P.
      Jun 13, 2024 · Control person joined · fact
    • Ryan Israel (Chief Investment Officer) appeared on Schedule A of Pershing Square Capital Management, L.P.
      Mar 28, 2024 · Control person joined · fact
    • Pershing Square Capital Management, L.P. reported RAUM $14.5B, up 58% from $9.2B (2021-01-13 to 2021-03-31)
      Mar 31, 2021 · RAUM change · derived
    • Stephen Fraidin (Vice Chairman) no longer on Schedule A of Pershing Square Capital Management, L.P. (listed 2018-08-28, absent 2019-03-29)
      Mar 29, 2019 · Control person left · inference
    • Pershing Square Capital Management, L.P. reported RAUM $10.0B, down 27% from $13.8B (2017-09-27 to 2018-03-29)
      Mar 29, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/pershingsquarereportedpublic record, Form ADV, Sep 17, 2026
    Website
    pershingsquareinc.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    212-813-3700reportedpublic record, Form ADV, Jun 3, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
    RAUM per advisor
    $25Bderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026