| Pershing Square Holdings Ltd (GG00BPFJTF46) | |||
41,20 GBXStand (close): 03.07.25 |
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| Datum / Uhrzeit | Titel | Bewertung |
| 26.06.25 06:00:00 | Net Asset Value(s) |  |
| LONDON, June 26, 2025--(BUSINESS WIRE)-- Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 24 June 2025 Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://pershingsquareholdings.com/performance/net-asset-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 24 June 2025. PSH NAV per share as of close of business on 24 June 2025 was 80.13 USD / 58.83 GBP and year-to-date performance was 13.1%. Weekly net asset value ("NAV") is calculated as of the close of business on each Tuesday and posted on the following business day. In the event that Tuesday is not a business day, the Company will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. The end-of-month NAV is calculated as of the close of business on the last day of the month and posted on the following business day. For weeks that include a month-end NAV report, PSH will provide only the month-end NAV and not report the Tuesday NAV. Monthly NAVs are published in accordance with the Decree on Conduct of Business Supervision of Financial Undertakings under the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft). Performance is presented on a net-of-fees basis and reflects the deduction of, among other expenses: management fees, brokerage commissions, administrative fees and accrued performance fees, if any. The performance figure includes the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. Net performance is a geometrically linked time weighted calculation. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:WeeklyNAV) Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, mediainquiries@pershingsquareholdings.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250625362653/en/ Contacts Pershing Square Holdings, Ltd. View Comments |
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| 25.06.25 18:50:00 | Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $200,000,000 | |
| LONDON, June 25, 2025--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced a share buyback program (the "Program") for $200,000,000 of PSH’s outstanding Public Shares on the London Stock Exchange. The Program is expected to be accretive to NAV per share and will reduce PSH’s capital. Since PSH commenced its first share buyback program on 2 May 2017, PSH has repurchased 69,920,511 PSH Public Shares for a total of $1.6 billion at an average price of $22.49. Jefferies International Limited will continue in its role as sole buyback agent for the Program which will enable the purchase of shares during closed periods. Shares repurchased by the Company will be held in Treasury. PSH advises shareholders that the number of shares to be repurchased under the Program shall not exceed $200,000,000 or 10,000,000 PSH Public Shares. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:CorporateActions) View source version on businesswire.com: https://www.businesswire.com/news/home/20250625026890/en/ Contacts Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3757 4980, MediaInquiries@pershingsquareholdings.com View Comments |
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| 19.06.25 06:00:00 | Net Asset Value(s) | |
| LONDON, June 19, 2025--(BUSINESS WIRE)-- Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 17 June 2025 Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://pershingsquareholdings.com/performance/net-asset-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 17 June 2025. PSH NAV per share as of close of business on 17 June 2025 was 78.25 USD / 58.27 GBP and year-to-date performance was 10.3%. Weekly net asset value ("NAV") is calculated as of the close of business on each Tuesday and posted on the following business day. In the event that Tuesday is not a business day, the Company will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. The end-of-month NAV is calculated as of the close of business on the last day of the month and posted on the following business day. For weeks that include a month-end NAV report, PSH will provide only the month-end NAV and not report the Tuesday NAV. Monthly NAVs are published in accordance with the Decree on Conduct of Business Supervision of Financial Undertakings under the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft). Performance is presented on a net-of-fees basis and reflects the deduction of, among other expenses: management fees, brokerage commissions, administrative fees and accrued performance fees, if any. The performance figure includes the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. Net performance is a geometrically linked time weighted calculation. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:WeeklyNAV) Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, mediainquiries@pershingsquareholdings.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250618118272/en/ Contacts Pershing Square Holdings, Ltd. View Comments |
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| 23.05.25 07:04:33 | Pershing Square Holdings Ltd (LSE:PSH) Q1 2025 Earnings Call Highlights: Strategic Moves and ... | |
| Outperformance: Pershing Square achieved 800 to 1,000 basis points of outperformance relative to the S&P 500. Howard Hughes Net Operating Income: Approaching $300 million from income-producing real estate assets. Investment Activity: Trimmed five positions, sold one entirely, added to two existing positions, and bought three new positions. Uber Investment: Up about 35% from cost since acquisition. Universal Music Group Position: Reduced by just under 40%. Brookfield Distributable Earnings: Up 26% in Q1. Google Operating Profit Growth: 17% last quarter. Restaurant Brands Operating Profit Growth: Expected to grow more than 8% this year. Chipotle Same-Store Sales: Down 0.4% in the first quarter. Nike Net Cash Position: Approximately $1.5 billion. Hilton Room Count Growth: 6% to 7% on average. Hertz Liquidity: More than $1 billion available. Warning! GuruFocus has detected 6 Warning Sign with LSE:PSH. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Pershing Square Holdings Ltd (LSE:PSH) achieved 800 to 1,000 basis points of outperformance relative to the S&P 500, driven by a unique portfolio. The company has made several new investments, including a significant stake in Howard Hughes, aiming to transform it into a diversified holding company. Pershing Square Holdings Ltd (LSE:PSH) has strategically invested in Amazon at a historically low valuation, capitalizing on market volatility. The company has a strong focus on businesses insulated from tariffs and global trade flows, reducing exposure to economic uncertainties. Pershing Square Holdings Ltd (LSE:PSH) has successfully managed portfolio adjustments, including trimming positions in overvalued stocks and reinvesting in undervalued opportunities. Negative Points The uncertainty surrounding tariff policies and geopolitical tensions, such as those involving China and Russia-Ukraine, pose potential risks to market stability. Chipotle and Nike have faced challenging starts to the year, with share prices down due to external factors like severe weather and tariffs. The economic sensitivity of some investments, such as Canadian Pacific, has led to strategic divestments despite long-term potential. The potential impact of tariffs on Nike, which imports all merchandise from Southeast Asia, remains a concern despite its strong cash position. Hertz's turnaround is challenged by moderating demand in corporate and government travel sectors, despite its potential for profitability. Q & A Highlights Q: How does Pershing Square Holdings plan to manage potential conflicts of interest between its current funds and Howard Hughes? A: Bill Ackman (Trades, Portfolio), CEO, explained that neither he nor Ryan Israel will receive compensation from Howard Hughes in cash or equity. Instead, the entire Pershing Square team is available to Howard Hughes under a $15 million annual fee arrangement. Any fees received will be rebated to reduce the fees of the funds proportionally. Ackman emphasized that the mandates of Pershing Square Funds and Howard Hughes are distinct, minimizing conflict risks. Story Continues Q: What is the rationale behind Pershing Square's investment in Amazon? A: Ryan Israel, Chief Investment Officer, highlighted Amazon's dual business model, comprising AWS and its retail operations, as a key attraction. The investment was made when Amazon's share price dropped significantly, offering a unique opportunity. Pershing Square believes Amazon's scale and reinvestment strategy will drive long-term growth, despite short-term market concerns. Q: Can you provide an update on the investment in Uber? A: Charles Korn, Investment Team Member, noted that Uber was acquired at a dislocated valuation due to concerns over autonomous vehicles. Pershing Square believes Uber will play a central role in the AV market through partnerships. Recent developments, including successful AV operations with Waymo, support their thesis. Uber's strong operating results and growth prospects further bolster confidence in the investment. Q: How is Pershing Square addressing the challenges faced by Chipotle? A: Manning Feng, Investment Team Member, acknowledged Chipotle's challenging start to the year but emphasized management's proactive initiatives to boost sales. These include new marketing campaigns and operational improvements. Pershing Square believes these efforts, along with Chipotle's value proposition, will drive a return to mid-single-digit sales growth in the latter half of 2025. Q: What are the prospects for Fannie Mae and Freddie Mac under the current administration? A: Bill Ackman (Trades, Portfolio) expressed optimism about the potential release of Fannie Mae and Freddie Mac from conservatorship, following supportive comments from President Trump. Ackman believes these entities could become valuable assets for a U.S. sovereign wealth fund, benefiting both shareholders and taxpayers. Pershing Square holds a significant position in these entities, anticipating substantial value creation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. View Comments |
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| 22.04.25 09:42:00 | Pershing Square Holdings, Ltd. Launches Euro-Denominated Senior Notes Offering | |
| LONDON, April 22, 2025--(BUSINESS WIRE)-- Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) ("PSH") today announced the launch of an offering of its euro-denominated Senior Notes with intermediate tenor (the "Notes"). The net proceeds from the offering of the Notes are expected to be used for general corporate purposes, including to make investments or hold assets in accordance with PSH’s investment policy. Further details regarding the offering of the Notes will be provided in due course as permitted by law. Important Notice This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in Australia, Belgium, Brazil, Canada, Chile, Finland, France, Germany, Hong Kong, Israel, Italy, Ireland, Japan, Norway, Portugal, Qatar, Singapore, Spain, Sweden, Switzerland, Taiwan and the United Arab Emirates and any other jurisdiction where to do so might constitute a violation or breach of any applicable law or regulation or to any national, resident or citizen thereof. The Notes mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the Notes in the United States. PSH has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and investors in the Notes mentioned herein will not be entitled to the benefits of the Investment Company Act. PSH is a registered closed-ended investment scheme under the Protection of Investors (Bailiwick of Guernsey) Law, 2020, as amended, and the Registered Collective Investment Schemes Rules and Guidance, 2021 issued by the Guernsey Financial Services Commission. In the United Kingdom, this announcement is being distributed to, and is directed at, only (a) persons who have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); or (b) high net worth companies, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Notes are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Persons distributing this announcement must satisfy themselves that it is lawful to do so. Story Continues The distribution of this announcement may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Relevant stabilisation regulations including Financial Conduct Authority/ICMA apply. Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK. Forward-Looking Statements Nothing in this announcement is, or should be relied on as, a promise or representation as to the future. This announcement may include certain forward-looking statements. Such statements are based on various assumptions and expectations which may or may not prove to be correct. No representations or warranties are made by any person as to the accuracy of such statements. Pershing Square Holdings, Ltd. registered place of business: P.O. Box 255, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:CorporateActions) Media Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, MediaInquiries@pershingsquareholdings.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250421927668/en/ Contacts Pershing Square Holdings, Ltd. View Comments |
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| 17.04.25 16:06:28 | Why Hertz (HTZ) Stock Is Up Today | |
| What Happened? Shares of global car rental company Hertz (NASDAQ:HTZ) jumped 57.9% in the pre-market session after reports revealed that Bill Ackman's Pershing Square had an even bigger stake in the company, a day after the hedge fund acquired $46.5m of the company's stock. Notably, CNBC reported that Pershing Square's total position was about 19.8%, including shares and swaps, making it the company's second-largest shareholder. The shares closed the day at $8.20, up 44.1% from previous close. Is now the time to buy Hertz? Access our full analysis report here, it’s free. What The Market Is Telling Us Hertz’s shares are extremely volatile and have had 83 moves greater than 5% over the last year. But moves this big are rare even for Hertz and indicate this news significantly impacted the market’s perception of the business. The previous big move we wrote about was 1 day ago when the stock gained 28.6% on the news that Pershing Square Holdings, led by activist investor Bill Ackman, disclosed a $46.5 million stake in the company. This translated to more than 12.7 million shares. This development is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks. Hertz is up 118% since the beginning of the year, and at $8.12 per share, has set a new 52-week high. Investors who bought $1,000 worth of Hertz’s shares at the IPO in June 2021 would now be looking at an investment worth $300.85. Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. We prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. View Comments |
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| 17.04.25 06:00:00 | Net Asset Value(s) | |
| LONDON, April 17, 2025--(BUSINESS WIRE)-- Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 15 April 2025 London, 16 April 2025 //- Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://pershingsquareholdings.com/performance/net-asset-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 15 April 2025. PSH NAV per share as of close of business on 15 April 2025 was 67.03 USD / 50.68 GBP and year-to-date performance was -5.5%. Weekly net asset value ("NAV") is calculated as of the close of business on each Tuesday and posted on the following business day. In the event that Tuesday is not a business day, the Company will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. The end-of-month NAV is calculated as of the close of business on the last day of the month and posted on the following business day. For weeks that include a month-end NAV report, PSH will provide only the month-end NAV and not report the Tuesday NAV. Monthly NAVs are published in accordance with the Decree on Conduct of Business Supervision of Financial Undertakings under the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft). Performance is presented on a net-of-fees basis and reflects the deduction of, among other expenses: management fees, brokerage commissions, administrative fees and accrued performance fees, if any. The performance figure includes the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. Net performance is a geometrically linked time weighted calculation. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. About Pershing Square Holdings, Ltd Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:WeeklyNAV) Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, mediainquiries@pershingsquareholdings.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250416397351/en/ Contacts Pershing Square Holdings, Ltd. View Comments |
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| 10.04.25 16:31:00 | Pershing Square Holdings, Ltd. Announces Directorate Changes at the Upcoming Annual General Meeting | |
| LONDON, April 10, 2025--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (the "Company") today provided further information regarding business being proposed at its Annual General Meeting of Shareholders ("AGM") due to take place on Thursday, 1 May 2025, at 10:00 AM (BST) at Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. Following seven years on the Board, Bronwyn Curtis, Senior Independent Non-Executive Director, will retire at the AGM and will not offer herself up for re-election. The Board has selected Charlotte Denton as Senior Independent Non-Executive Director, subject to her re-election, with effect from the conclusion of the AGM. Following a thorough selection process for prospective Board candidates, the Nomination Committee recommended that the Board submit Jean-Baptiste Wautier for election as an independent non-executive Director of the Company. Shareholders will be asked to vote on the election of Mr. Wautier at the AGM. Mr. Wautier is an investor and philanthropist, resident in London, and co-founder of the Wautier Family Office, which was established in 2024. He is currently Chairman of luxury fashion house, GEDEBE, and a non-executive director at the architectural practice, Studio Razavi + Partners, as well as Chair of the Investment Committee at Sci Ventures and Chairman of Aspire. Mr. Wautier is also a Senior Lecturer at Sciences Po University in Paris and an Executive Fellow at Adam Smith's Panmure House. Mr. Wautier began his career at Arthur Andersen before moving to Morgan Stanley. He then joined private equity firm, IK Partners, in 2000, before moving to BC Partners in 2004 where Mr. Wautier served as Chairman of the Investment Committee and then Chief Investment Officer in the United Kingdom between 2013 and 2023, and was a member of the Management Committee in the United Kingdom between 2018 and 2023, before leaving BC Partners in 2024. Mr. Wautier holds a Master’s (Political Science and Government) and a Master of Science (Industrial Organisation) from Sciences Po and Université Sorbonne Paris Nord, respectively. Rupert Morley, Chairman of the Board, said: "The Board is pleased to recommend that shareholders elect Jean-Baptiste to the PSH Board. His extensive experience in private equity, mergers and acquisitions, board governance, and corporate finance will provide valuable perspectives to the Board." Mr. Morley continued: "On behalf of the entire Board, I would like to thank Tope and Bronwyn for their many important contributions to PSH over the years. Their dedication and insight have been instrumental to the Board’s work, and their impact will be felt for years to come. We wish them all the best." Story Continues This announcement is released in compliance with UKLR 6.4.6 and there is no further information to be disclosed under the requirements of UKLR 6.4.8. The Company is continuing its search for additional Board candidates and expects to appoint another Director in 2025. As previously announced on 2 April 2025, shareholders will consider the receipt of the annual report and the financial statements, the renewal of PSH’s share buy-back authority, the re-appointment of PSH’s auditor and authorization of the Directors to determine its remuneration and the approval to disapply pre-emption rights for any share issuance of 10% (as is customary in the London investment fund market). Shareholders will also now consider the election of one new Director, Jean-Baptiste Wautier, as well as the re-election of the existing Directors other than Tope Lawani and Bronwyn Curtis. The additional resolution can be found in the Supplementary Notice of Annual General Meeting available on PSH’s website, https://www.pershingsquareholdings.com/company-reports/notices-shareholders/, alongside the Notice of Annual General Meeting published on 2 April 2025. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:Events) The document will shortly be available for inspection on the National Storage Mechanism website: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. View source version on businesswire.com: https://www.businesswire.com/news/home/20250410181474/en/ Contacts Media Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, MediaInquiries@pershingsquareholdings.com View Comments |
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| 10.04.25 06:00:00 | Net Asset Value(s) | |
| LONDON, April 10, 2025--(BUSINESS WIRE)-- Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 8 April 2025 Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://pershingsquareholdings.com/performance/net-asset-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 8 April 2025. PSH NAV per share as of close of business on 8 April 2025 was 61.05 USD / 47.78 GBP and year-to-date performance was -13.9%. Weekly net asset value ("NAV") is calculated as of the close of business on each Tuesday and posted on the following business day. In the event that Tuesday is not a business day, the Company will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. The end-of-month NAV is calculated as of the close of business on the last day of the month and posted on the following business day. For weeks that include a month-end NAV report, PSH will provide only the month-end NAV and not report the Tuesday NAV. Monthly NAVs are published in accordance with the Decree on Conduct of Business Supervision of Financial Undertakings under the Wft (Besluit Gedragstoezicht financiële ondernemingen Wft). Performance is presented on a net-of-fees basis and reflects the deduction of, among other expenses: management fees, brokerage commissions, administrative fees and accrued performance fees, if any. The performance figure includes the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. Net performance is a geometrically linked time weighted calculation. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund. Category: (PSH:WeeklyNAV) Media Contact Camarco Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, mediainquiries@pershingsquareholdings.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250409145712/en/ Contacts Pershing Square Holdings, Ltd. View Comments |
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| 10.04.25 02:53:07 | Ackman's Pershing Square Holdings fund drops nearly 14% so far this year | |
| By Svea Herbst-Bayliss NEW YORK (Reuters) - Billionaire investor Bill Ackman's Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors on Wednesday. The losses, through April 8, do not include gains seen on Wednesday, when markets surged after U.S. President Donald Trump paused most tariffs for 90 days. The losses, primarily incurred over the previous week, reflect sharp global declines as investors reacted to the Trump administration's plans to impose heavy tariffs on nearly all trading partners. In the first quarter, Pershing Square Holdings slipped just 1.2%. Ackman invests in a select group of U.S. stocks, including Nike and Chipotle Mexican Grill, both of which have suffered losses since January but saw double-digit gains on Wednesday. His portfolio is closely watched in the industry for investment trends. Long known as one of Wall Street's most outspoken investors, Ackman took to X this week to express his dismay about the proposed tariffs, warning they could push the economy into recession. He suggested holding tariffs at 10% across the board, keeping pressure on China, while pausing reciprocal tariff implementation for 90 days. Trump on Wednesday paused the tariffs, and the S&P 500 index jumped more than 9%. Ackman has delivered some of the hedge fund industry's strongest returns, including a remarkable 70.2% gain in 2020, the year the COVID-19 pandemic struck. (Reporting by Svea Herbst-Bayliss; Editing by Sherry Jacob-Phillips) |
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