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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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Buyside Digest is not affiliated with, and does not endorse, Pershing Square Holdings. This analysis is provided for institutional research purposes only and is not investment advice.
"No investment commentary or outlook provided in this performance update."
This is a quarterly portfolio update from Pershing Square Holdings providing performance metrics and portfolio composition data for Q3 2024. The fund delivered 2.8% net performance for the quarter and 6.3% year-to-date returns. The portfolio consists of 13 long positions with no short positions, maintaining 117% net exposure concentrated in large-cap holdings (105% of portfolio) with minimal mid-cap exposure (12%). The fund operates with significant leverage through bond proceeds of $1.8 billion and €500 million. Portfolio composition spans multiple sectors including consumer products, financials, hospitality, technology, media, and transportation. Assets under management total $15.1 billion for Pershing Square Holdings specifically, with total firm AUM reaching $18.5 billion including other vehicles. The document provides detailed performance attribution, fee structure information, and regulatory disclosures but contains no investment commentary, market outlook, or specific position analysis.
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