Pershing Square Holdings: Quality Portfolio At A Bargain Price
Portfolio Pulse from
Pershing Square Holdings' NAV discount has widened to 32% after narrowing to 20% in mid-2024. New performance fee arrangements may help close this gap. Despite underperformance in 2024, the fund's major positions are not overvalued compared to the market.
January 02, 2025 | 4:30 am
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Pershing Square Holdings' NAV discount has widened to 32%, but new performance fee arrangements could help close this gap. The fund's major positions are not overvalued despite 2024 underperformance.
The widening of the NAV discount to 32% presents a potential buying opportunity if the discount narrows again. The new performance fee arrangements are a positive development that could help close the discount. Despite underperformance, the fund's major positions are not overvalued, suggesting potential for future gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100