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PSH Pershing Square Holdings Ltd

-114.00 (-2.85%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pershing Square Holdings Ltd LSE:PSH London Ordinary Share GG00BPFJTF46 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -114.00 -2.85% 3,890.00 273,985 16:35:14
Bid Price Offer Price High Price Low Price Open Price
3,886.00 3,890.00 3,998.00 3,820.00 3,988.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty USD 3.14B USD 2.49B USD 13.0449 3.71 9.23B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:08:22 O 7 3,856.00 GBX

Pershing Square (PSH) Latest News

Pershing Square (PSH) Discussions and Chat

Pershing Square Forums and Chat

Date Time Title Posts
08/4/202412:25PSH trust993
29/3/200609:24PSH with Charts & News6
16/12/200517:43A Pearl Amongst the Tiddlers ......35

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Pershing Square (PSH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-16 17:08:483,856.007269.92O
2024-04-16 17:08:173,869.236,126237,029.15O
2024-04-16 16:37:243,944.042,10583,022.08O
2024-04-16 16:21:593,897.333,803148,215.42O
2024-04-16 16:18:343,888.00277.76O

Pershing Square (PSH) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Pershing Square Daily Update
Pershing Square Holdings Ltd is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker PSH. The last closing price for Pershing Square was 4,004p.
Pershing Square currently has 190,576,264 shares in issue. The market capitalisation of Pershing Square is £9,233,419,991.
Pershing Square has a price to earnings ratio (PE ratio) of 3.71.
This morning PSH shares opened at 3,988p
Posted at 08/4/2024 12:24 by arja
PSH has really come to life today and wonder if it will challenge the ATH soon :)
Posted at 07/4/2024 09:31 by speedsgh
PSH also included as one of the picks in this article...

Peel Hunt: Seven big trust bargains for when the storm abates -
Posted at 23/3/2024 11:32 by donald pond
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.
Posted at 23/3/2024 09:36 by donald pond
PSH will remain listed but PSUS is a new entity along similar line that has filed for a US listing. What we don't know is how that will affect PSH (other than through the mechanism to reduce fees). If PSUS trades at NAV then I would expect at some point either PSH moves to NAV through arbitrage or the buyback accelerate. But it is inconceivable that there could be 2 very similar funds trading with very different discounts for long. A lot depends on how much PSUS raises. If it dwarfs PSH then it would make sense to wind PSH down
Posted at 23/3/2024 06:23 by smidge21
"During 2023, the Board and the Investment Manager thoroughly examined the options for obtaining a U.S. listing for PSH with the goal of increasing the number of investors who could own PSH. After encountering numerous restrictions, limitations and issues relating to inter alia the Investment Company Act of 1940, adverse tax considerations, and challenging structuring requirements, the Board and the Investment Manager decided a U.S. listing was not viable and that PSH will remain a publicly-traded closed-end fund over the long term." (Page 8, Annual Report)
Posted at 16/3/2024 10:08 by jellypbean
Ah. I have possibly answered my own question. The FCA rule has a problem with it. For other closed ended funds to invest in PSH, PSH must have a policy that 'it will not invest more than 15% of its assets in other close ended funds'. Not that 'it will not invest more than 15% of its assets in other closed ended funds unless said close ended funds have a policy not to invest more than their 15% of their assets in other closed ended funds'.

Possibly someone somewhere has seen the flaw in the FCA rules and wants to make sure they don't fall foul of it. AVI maybe?
Posted at 19/2/2024 11:18 by jellypbean
That's fair enough arja. One of the reasons I hold another NSD low spread investment company (3IN) is because I can/could trade out of it short term if think I see a better short term opportunity. For PSH I think it's hard to know when it might take off, so I've just bought it as 5% of my portfolio and plan to let it do it's thing.

However I do read the PSH reports and use them to inform other investment decisions to some extent, especially the macro stuff.
Posted at 19/2/2024 10:00 by arja
jellybean ,
you are of course correct that with a NOR stock like PSH it has paid off to just hold it with benefit of handsight to some extent, But I think most stocks are not in NOR category and never sure what will happen next day or afte a few days . I do occasionally trade using a derivative such as a CFD but commission rates much higher and I hate to give too much of my profit to provider :) .
I notice PSH has recovered to 3860 after hitting 3830 and just maybe the mini correction is over, Good luck to holders and US on hols today and will be quiet day I suppose
Posted at 08/2/2024 13:27 by apollocreed1
The PSH listing in Amsterdam is in USD so if you have any dollars, you can buy PSH in dollars. I always think it's good to hold a few currencies in my brokerage account for diversification.

I suspect that when the US market opens at 2.30pm UK time, this will move up further because of the general publicity that yesterday's announcement garnered.
Posted at 05/10/2023 13:53 by jellypbean
W.A. Ackman is listed as holding 10.23% of UMG as of 080623 (UMG website).

PSH originally bought 7.1%, PS V11 then bought 2.9%, so not much change since then unless PSH has sold to an Ackman affiliate (don't think so). PS V11 is an affiliate of PSH but not held within it.

7.1% of UMG would be c.3.34Bn USD.

PSH is 11Bn, so UMG is c. 30% of PSH.

UMG (in USD), was up 4.6% through Sept.
Pershing Square share price data is direct from the London Stock Exchange

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