Pershing Square Holdings
5 activist/short documents on this target.
Timeline
2021-02-18
Pershing Square · full deck
PSH returned 70.2% NAV / 84.8% TSR in 2020, beating S&P by 5,180 bps
N2 V3
2023-02-09
Pershing Square · full deck
PSH's hedging-led 2022 outperformance and 25%+ five-year compounding deserve a narrower discount to NAV; buybacks, rising dividend and FTSE 100 inclusion are closing the gap.
N2 V3
2024-02-08
Pershing Square · full deck
PSH delivered 26.7% NAV / 36.0% TSR in 2023; 31.2% 5-yr CAGR
N2 V3
2025-02-11
Pershing Square · full deck
Fund-level recap: PSH's 22.9% seven-year NAV CAGR, conservative leverage and PSCM stake sale set up a narrowing of the persistent ~30% discount to NAV.
N2 V3
2026-02-11
Pershing Square · full deck
Pershing Square's 22.6% 8-year NAV CAGR validates the permanent-capital model; 2025's 33.9% TSR narrowed the NAV discount and the HHH/Vantage transformation extends the compounding runway.
N3 V4