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"Assets under management total $15.1 billion with no specific holdings or investment commentary disclosed in this quarterly update."
This is a quarterly portfolio update from Pershing Square Holdings providing performance metrics and portfolio composition data for Q2 2024. The fund reported a net quarterly decline of 1.5% but maintained positive year-to-date performance of 5.7%. The portfolio consists of 12 long positions with no short exposure, resulting in 117% net long exposure. The fund maintains a concentrated approach with 107% allocation to large-cap securities and 10% to mid-cap positions. Assets under management total $15.1 billion for Pershing Square Holdings specifically, with total firm AUM reaching $18.7 billion including other vehicles. The portfolio spans multiple sectors including financials, hospitality, technology, media, transportation, restaurants, and real estate, though specific holdings are not disclosed in this summary document. The fund structure includes performance fees of 16% above a high water mark with certain reductions. No specific investment thesis, outlook, or commentary on individual positions is provided in this factual performance summary.
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