NPORT-P false 0002002660 XXXXXXXX Pershing Square USA, Ltd. 811-23932 0002002660 254900AMK61BS77QD629 787 Eleventh Avenue 9th Floor NEW YORK 10019 212-813-3700 Pershing Square USA, Ltd. 254900AMK61BS77QD629 2026-12-31 2026-06-30 N 4768683645.00 176148809.00 4592534836.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 50000000.00000000 344882.49000000 N Amazon.com Inc ZXTILKJKG63JELOEG630 023135106 1589900.00000000 NS USD 378936766.00000000 8.251146252165 Long EC CORP US N 1 N N N BLACKROCK LIQUIDITY FUNDS TREA 549300U5PI8CHFJM7202 09248U551 1644168207.00000000 NS USD 1644168207.00000000 35.80088699843 Long STIV RF US N 1 N N N Brookfield Corp C6J3FGIWG6MBDGTE8F80 11271J107 4870093.00000000 NS USD 207417260.87000000 4.516400381856 Long EC CORP CA N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 30303M102 374541.00000000 NS USD 210975199.89000000 4.593872609004 Long EC CORP US N 1 N N N Federal Home Loan Mortgage Corp S6XOOCT0IEG5ABCC6L87 313400301 8980793.00000000 NS USD 53705142.14000000 1.169400865923 Long EC USGSE US N 1 N N N Federal National Mortgage Association B1V7KEBTPIMZEU4LTD58 313586109 12263177.00000000 NS USD 79833282.27000000 1.738327201008 Long EC USGSE US N 1 N N N Goldman Sachs Financial Square Funds - Treasury Instruments Fund 549300DAH6N80PM31E83 38142B500 53840477.00000000 NS USD 53840477.00000000 1.172347710418 Long STIV RF US N 1 N N N Mastercard Inc AR5L2ODV9HN37376R084 57636Q104 495000.00000000 NS USD 254232000.00000000 5.535766392170 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 594918104 549096.00000000 NS USD 204823789.92000000 4.459928933242 Long EC CORP US N 1 N N N Netflix Inc 549300Y7VHGU0I7CE873 64110L106 3156394.00000000 NS USD 225366531.60000000 4.907236191947 Long EC CORP US N 1 N N N Restaurant Brands International Inc 5299009RXTX9DN9AKJ98 76131D103 1860000.00000000 NS USD 134868600.00000000 2.936691931932 Long EC CORP CA N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 78409V104 578128.00000000 NS USD 235448409.28000000 5.126763708668 Long EC CORP US N 1 N N N Uber Technologies Inc 549300B2FTG34FILDR98 90353T100 3141090.00000000 NS USD 226661054.40000000 4.935423736435 Long EC CORP US N 1 N N N United States Treasury 254900HROIFWPRGM1V77 912797UQ8 600000000.00000000 PA USD 598801248.01000000 13.03857824476 Long STIV UST US N 2 2026-07-21 None 0.00000000 N N N N N N Visa Inc 549300JZ4OKEHW3DPJ59 92826C839 749323.00000000 NS USD 257085228.07000000 5.597893913721 Long EC CORP US N 1 N N N Nomura Global Financial Products, Inc. 0Z3VO5H2G7GRS05BHJ91 000000000 328581270.19000000 OU Notional Amount USD -27005499.44000000 -0.58803036676 N/A DE US N 2 Nomura Global Financial Products, Inc. 0Z3VO5H2G7GRS05BHJ91 Meta Platforms, Inc. Meta Platforms, Inc. Y equity-performance leg 2029-05-01 0.00000000 USD 0.00000000 USD 328581270.19000000 USD -27005499.44000000 N N N UBS AG BFM8T61CT2L1QCEMIK50 000000000 401946030.00000000 OU Notional Amount USD -41078676.56000000 -0.89446630296 N/A DE US N 2 UBS AG BFM8T61CT2L1QCEMIK50 Microsoft Corp. Microsoft Corp. Y equity-performance leg 2029-05-01 0.00000000 USD 0.00000000 USD 401946030.00000000 USD -41078676.56000000 N N N Nomura Global Financial Products, Inc. 0Z3VO5H2G7GRS05BHJ91 000000000 248455492.80000000 OU Notional Amount USD -17706195.46000000 -0.38554297555 N/A DE CA N 2 Nomura Global Financial Products, Inc. 0Z3VO5H2G7GRS05BHJ91 Restaurant Brands International, Inc. Restaurant Brands International, Inc. Y equity-performance leg 2029-05-01 0.00000000 USD 0.00000000 USD 248455492.80000000 USD -17706195.46000000 N N N UBS AG BFM8T61CT2L1QCEMIK50 000000000 334110340.00000000 OU Notional Amount USD -12112921.06000000 -0.26375240455 N/A DE US N 2 UBS AG BFM8T61CT2L1QCEMIK50 Uber Technologies, Inc. Uber Technologies, Inc. Y equity-performance leg 2029-05-07 0.00000000 USD 0.00000000 USD 334110340.00000000 USD -12112921.06000000 N N N UBS AG BFM8T61CT2L1QCEMIK50 000000000 276435240.00000000 OU Notional Amount USD -24781039.46000000 -0.53959393548 N/A DE CA N 2 UBS AG BFM8T61CT2L1QCEMIK50 Brookfield Corp. Brookfield Corp. Y equity-performance leg 2029-05-07 0.00000000 USD 0.00000000 USD 276435240.00000000 USD -24781039.46000000 N N N 2026-07-30 Pershing Square USA, Ltd. Jessica Falzone Jessica Falzone Corporate Secretary