Investor Summary

William A. Ackman serves as Founder, Chairman, and Chief Executive Officer of Pershing Square Capital Management, L.P., a role he has held since the firm's inception in 2003. Under his leadership, the firm has generated a 16.4% annualized net return over nearly 22 years, compared to 10.5% for the S&P 500. Ackman is known for his activist investment approach and focus on high-quality businesses with catalytic value creation opportunities. The management team includes experienced professionals such as Ryan M. Israel as CIO, bringing deep expertise in concentrated value investing strategies.

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Fund Strategy

PSH's objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. The substantial majority of the Company's portfolio is typically allocated to 8 to 12 core holdings usually comprising liquid, listed large capitalization North American companies. The Investment Manager generally focuses on high-quality businesses, which it believes have limited downside and that generate predictable, recurring cash flow, and in certain cases seeks to catalyze managerial, operating and governance changes as levers to create substantial, enduring and long-term shareholder value.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
12.9% - -