Pershing Square Holdings Ltd

28.00 (1.01%)
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
  28.00 1.01% 2,810.00 166,004 16:35:19
Bid Price Offer Price High Price Low Price Open Price
2,798.00 2,804.00 2,802.00 2,744.00 2,748.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Trust,ex Ed,religious,charty -934.60 -1,172.08 -614.10 - 5,355.19
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:21 O 3 2,810.00 GBX

Pershing Square (PSH) Latest News

Pershing Square (PSH) Discussions and Chat

Pershing Square Forums and Chat

Date Time Title Posts
25/5/202312:59PSH trust761
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
2023-06-06 16:54:362,810.00384.30O
2023-06-06 16:54:352,810.001,28936,220.90O
2023-06-06 16:54:252,810.001,29236,305.20O
2023-06-06 16:36:232,810.002,66374,830.30O
2023-06-06 16:36:232,769.412,66373,749.31O

Pershing Square (PSH) Top Chat Posts

Top Posts
Posted at 12/5/2023 15:15 by thruxie
Sold out after 3+ years of ownership and 80+% profit. Gradually been moving into Gilts and 20+year Treasury's hedged to Sterling.

Reasons: inflation coming down in the US and interest rates going up in the UK will mean weaker US dollar. Possible recession looming so Gilts and Treasury's heading up with flight to safety. Interest rates coming down from next year will add at least 10-20% value to government bonds.

If I'm wrong I'm happy to collect the 4% coupons while I wait for interest rates to come down. Portfolio now at 40/60 in favour of bonds the highest percentage its ever been so pessimistic outlook currently.

Happy to buy back in on significant weakness. PSH has been a cracking investment for me.

Posted at 01/4/2023 09:17 by ch3riton
Rambutan - I had myself already looked at the report. As so often it is not at all easy to follow all the various provisions, lots of verbiage which makes it hard to be sure you have picked up all points.
Which is why I wanted to see if any posters more intelligent than me had put some effort into understanding the manager's remuneration.
And perhaps wondered why the list of major shareholders shows how the fund is shunned by so many serious asset managers.
One interesting point is that when co-workers invest in PSH shares they are refunded these extortionate performance fees on their shareholdings. It doesn't look good if employees and fund managers do not invest in their own product. In this case they have to be bribed to do so.
I think shareholders need to consider very carefully how far these fees - as far as I can see an overall management fee, plus 16% (SIXTEEN PER CENT) of all gains - tilt the market risk against the investor.

Posted at 30/3/2023 20:43 by rambutan2
Noted re (yawn) discount:

"We have not given up on addressing the wide discount at which our shares trade. We are continuing to consider potential transformational transactions that would enable PSH to become part of a U.S. listed company (which would not necessarily require that we give up our UK and Amsterdam listings and which would greatly increase the universe of investors who can own PSH). We are unable at this stage to estimate the probability or timing of achieving such a transaction, but we are considering a number of potential ideas at this time."

Posted at 21/3/2023 15:10 by ch3riton
Does anyone know about the performance fees on PSH? Is it 16% of all gains above the previous watermark? Seems quite a lot. Or is there a hurdle rate which the managers have to surpass to earn their "performance" fees?
Posted at 13/3/2023 08:29 by apollocreed1
The share price has collapsed while the futures and underlying holdings are up today. This makes no sense.
Posted at 16/2/2023 09:09 by arja
I just assumed it would have unquoted investments - sorry about that . chartwise it is looking interesting and it is in an uptrend and approaching resistance level on weekly chart . A bit illiquid for trading but can sometimes get between the spread with a RSP price
Posted at 14/2/2023 08:33 by donald pond
PSH is a Guernsey company so no stamp duty. I wasn't aware they had any unquoted investments though they do often have hedges in play. Are you looking at the right company?A bit concerning that Bill is tweeting about aliens...
Posted at 13/2/2023 15:00 by arja
never realised that PSH if free of stamp duty when buying . Might be a good day or overnight trade at times because of that and with £3 brokerage . All aussie stocks have no SD for many years I think
Posted at 10/2/2023 07:25 by rickyl1
There's the investor presentation on the company website now. From an attendee on twitter......My most important takeaway was @BillAckman saying he has worked extensively on finding ways to migrate $PSH to the US. Re the Invst Co Act, he needs to find a large US target. $HHC is too small for this but could be part of the solution.Energy hedges brought 0.5% of NAV this year. Bill believes energy prices could go much higher and retains hedges. Believes the 30Y yield is too low and is playing this via derivatives
Posted at 02/2/2023 09:13 by donald pond
There have been a few references recently to trying to get a U.S. listing, perhaps by reversing into Howard Hughes or similar. I think Bills long term plan is for PSH to become a mini Berkshire Hathaway. If he could get that US listing the discount could close very quickly
Pershing Square share price data is direct from the London Stock Exchange
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