Streetbeat News

PSHZF

Pershing Square Holdings Ltd

http://pershingsquareholdings.com/

Industry

Offices of Other Holding Companies

Open

49.10

Mkt cap

8.9B

Volume

High

49.29

P/E Ratio

4.03

52-wk high

57.85

Low

48.80

Div yield

0.01

52-wk low

42.26

Bill Ackman's Pershing Square has proposed a $900 million investment to increase its stake in Howard Hughes Corporation, aiming to transform it into a diversified holding company. However, the proposal faces challenges due to limited operational experience and a controversial management fee structure.

Portfolio Pulse from

March 05, 2025 | 10:30 pm

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.

Portfolio Pulse from

January 02, 2025 | 4:30 am

Bill Ackman is planning an IPO for his investment firm, Pershing Square Capital Management. Additionally, Pershing Square is concluding a $1 billion funding round with institutional investors and family offices.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:58 pm

Bill Ackman plans to take Pershing Square public with an IPO valuing the firm at $10.5 billion, according to The Wall Street Journal.

Portfolio Pulse from Charles Gross

May 31, 2024 | 9:36 am

Bill Ackman's Pershing Square Holdings made significant changes in its portfolio, including divesting from Lowe's, reducing its stake in Chipotle, and adjusting its holdings in Alphabet. The firm maintained its positions in other major holdings like Restaurant Brands International and Canadian Pacific Kansas City Limited.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 6:53 am

Bill Ackman has raised objections to a Business Insider article accusing his wife, Neri Oxman, of academic plagiarism, prompting parent company Axel Springer to review the editorial process behind the article. This marks a departure from Axel Springer's typically hands-off approach to editorial control since acquiring Business Insider. The situation has caused tension within BI's newsroom and with its union, as Axel Springer is a German media group looking to expand in the U.S. Ackman suggested the article may be retaliatory for his criticism of Harvard University and questioned BI's motives, leading to Axel Springer's top executives' concern over the company's principles.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 2:36 pm

Harvard University President Claudine Gay resigned amid allegations of plagiarism and controversy over her Congressional testimony. Bill Ackman, hedge fund manager and Harvard alum, criticized the university's handling of the situation, stating it has stained Harvard's reputation. Ackman's comments were made before Gay's resignation was announced.

Portfolio Pulse from Anthony Noto

January 02, 2024 | 7:54 pm

Elon Musk has expressed support for Bill Ackman's stance against anti-Semitism at Ivy League universities, specifically Harvard. Ackman has called for the resignation of Harvard's president, Claudine Gay, due to her handling of anti-Semitic incidents. Musk's support is reciprocated, as Ackman previously defended Musk against accusations of anti-Semitism. Ackman's Pershing Square Foundation remains invested in Musk's company, X (formerly Twitter). Musk is also planning to launch his own university in Texas, with a $100 million pledge to his charity focusing on STEM education.

Portfolio Pulse from Rounak Jain

December 16, 2023 | 2:17 am

The weekend news featured significant developments in the tech and finance sectors. Elon Musk and Bill Gates were named as potential buyers for Trump's Mar-a-Lago, with a price tag of up to $1 billion. Galaxy Digital CEO Mike Novogratz expressed a bullish outlook on Bitcoin, anticipating a price surge due to various factors including a potential spot Bitcoin ETF approval. Bill Ackman revealed a $10M investment in Elon Musk's private company, X. A Swedish strike could impact Tesla's labor relations, and Tesla warned that the EV tax credit for two Model 3 versions will drop to $3,750 next year.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 10:15 am

Bill Ackman, through his hedge fund The Pershing Square Foundation, has disclosed a $10 million investment in Elon Musk's social media company, X. Ackman defended Musk's stance on free speech and criticized big advertisers like Apple, Disney, and Meta Platforms for boycotting X while supporting platforms with similar content issues. Ackman is not focused on profit from this investment and supports Musk's ownership of X, which is now seeking smaller advertisers to offset a significant loss in ad revenue.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 10:00 am

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