On May 4, 2025, Howard Hughes Holdings Inc. reported the sale of 9 million shares at $100 each for a total of $900 million to Pershing Square Holdco, which now owns approximately 46.9% of the company, as part of a new strategy to become a diversified holding company. Additionally, new Board members were appointed effective May 5, 2025, including William A. Ackman as Executive Chairman, following resignations from three previous directors.