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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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"Fund maintains $10.7B NAV with high liquidity profile and minimal short exposure. Document provides administrative data only with no investment commentary or positioning insights."
This transparency report provides administrative and performance data for Pershing Square Holdings as of June 30, 2023. The fund reported a 7.32% monthly return and 10.00% year-to-date return, underperforming the S&P 500's 16.89% YTD return. Since inception, the fund has generated 241.87% returns versus the S&P 500's 281.71%. The fund maintains $10.7 billion in net asset value with 113.57% of holdings independently vendor-priced and 6.94% in cash equivalents. The portfolio shows 111.78% Level 1 assets under ASC 820 classification, indicating high liquidity and transparency. The fund carries $2.35 billion in bonds payable, representing 21.85% of NAV. Long positions contributed 7.93% to returns while short positions detracted 0.41%. The document contains no investment commentary, individual position details, or forward-looking statements, focusing purely on administrative transparency and performance metrics required for regulatory compliance.
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