Pershing Square Share Discussion Threads

[srichardson8] 11/5/2024 17:26

Bill Ackman 58 today

[donald pond] 09/5/2024 08:02

Nav over $70 for the first time

[yf23_1] 08/5/2024 13:36

..oh and there is no way to remove the tab bar from normal view. I think something changed on last update.
ANyway it doesn't ask me anymore, must have dropped a cookie.

[yf23_1] 08/5/2024 13:01

I got it now, something to do with Firefox tab bar pushing the thing off the page, worked on full page view.

[yf23_1] 08/5/2024 12:53

I can't get past the 'accept the terms disclaimer' on that site as there's nowhere to click the accept button which doesn't seem to exist.
???

[speedsgh] 08/5/2024 12:38

Updates are available via their website -

You can also sign up to be notified of important updates (not sure if this includes the monthly updates). See Register For Alerts form here -

[yf23_1] 08/5/2024 10:11

Why aren't they doing the weekly NAV RNS's anymore ?
Quite a discount to NAV.

[jellypbean] 01/5/2024 08:17

Hi Grim.
Those data will be lifted from the sec filings, which don't include non-US stocks. Hence doesn't contain UMG, which is, I think, PSH's largest holding.

Looking at the condensed schedule of investments in the latest annual report, UMG and it's affiliates is over 27% of the gross portfolio.

[grim] 30/4/2024 22:14

Chrysalis99 you recently asked about current portfolio holdings. I also was curious. I've found this:

[rickyl1] 25/4/2024 22:39

Yes that would be very nice, though markets seem to be a little bipolar to say the least this year.

[donald pond] 25/4/2024 21:07

GOOG up 12%. US market is mental, going to be above 40 here tomorrow surely and hopefully never to return

[donald pond] 25/4/2024 20:58

CMG up 6% today after good results. All eyes on GOOG now

[jellypbean] 22/4/2024 18:16

Google the sec filings for pshzf, and find the latest quarterly 13F-HR. Then add a big chunk of UMG, plus the hedges that one cannot really keep track of TBH.

Letter & Presentation to shareholders section of their website probably the best place to start though.

[chrysalis99] 22/4/2024 10:31

Why so perky? Where does PSH list the current portfolio holdings?

[mozy123] 08/4/2024 12:25

Lots of press and ATH's helping it get some attention at last.

[arja] 08/4/2024 12:24

PSH has really come to life today and wonder if it will challenge the ATH soon :)

[speedsgh] 07/4/2024 09:31

PSH also included as one of the picks in this article...

Peel Hunt: Seven big trust bargains for when the storm abates -

[speedsgh] 07/4/2024 09:11

MIDAS SHARE TIPS UPDATE: Pershing Square keeps getting better -

[arja] 28/3/2024 13:57

glad I did not as now struggling to recover and hope the party is not over after so long :) . nice easter to all

[arja] 25/3/2024 14:56

some profit taking I guess as US indices struggle today - tempting to add a few more :)

[arja] 25/3/2024 08:49

it has just hit an ATH and seems likely to continue onward and upward :)

[jellypbean] 23/3/2024 15:00

The other thing that has occurred to me is that, whilst PSH can be purchased by US investors, it cannot be marketed to them

A US listing of a very similar company would basically overcome that problem, even if it were quite small.


But really, it's not that helpful to speculate. The performance has been enough reason to hold, discount narrowing from here would clearly be very nice too.

[rickyl1] 23/3/2024 13:59

Very interesting points. Time will tell as usual.

[donald pond] 23/3/2024 11:32

I just wonder whether he might introduce a facility for investors in PSH to convert to PSUS shares at NAV. It doesn't make a huge amount of sense to run 2 very similar funds.

Practically speaking as well, how does he invest the monies that come into PSUS? Let's say he raises £20bn+. Does he go out and more or less replicate the existing PSH portfolio plus add in a couple of new positions? Would he seriously say that he would buy into CMG today rather than a smaller restaurant group like say CAVA if he was starting from scratch?

If he sees a new position that he likes, how does he choose whether to put it into PSUS, PSH or both? If one fund underperforms the other, will he get sued (in the US, everyone gets sued). The more I think about it, the less sense I see in PSH continuing in the current form. It could potentially turn into a feeder fund solely invested in the US fund. But I can't see why he'd run 2 slightly differentiated portfolios side by side.

[rickyl1] 23/3/2024 10:44

It wouldn't make sense for me to sell PSH at discount and buy PSUS at nav though I'd be interested to see the holdings and maybe invest alongside. The other touted Asymmetric Hedge fund sounds interesting as an actual hedge for both funds.