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Pershing Square Holdings/£PSH

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About Pershing Square Holdings

Pershing Square Holdings, Ltd. (PSH) is a Guernsey-based investment holding company structured as a closed-ended fund, primarily engaged in acquiring and holding significant, though typically non-controlling, positions in a concentrated portfolio of large-capitalization companies. Incorporated on February 2, 2012, PSH commenced operations on December 31, 2012, and its public shares began trading on Euronext Amsterdam on October 13, 2014, followed by a listing on the London Stock Exchange on May 2, 2017. The company aims to maximize its long-term compound annual growth in intrinsic value per share by focusing on high-quality businesses with predictable, recurring cash flows and substantial barriers to entry. PSH is managed by Pershing Square Capital Management, L.P., founded by William A. Ackman in 2004, which employs an activist investment strategy to drive value creation within its portfolio companies.
Ticker
£PSH
Sector
Finance
Primary listing
LSE
Employees
-
Headquarters
New York, United States
Website
www.pershingsquareholdings.com

PSH Metrics

BasicAdvanced
£6.6B
-
-£5.58
0.51
£0.54
1.45%

What the Analysts think about PSH

Analyst ratings (Buy, Hold, Sell) for Pershing Square Holdings stock.
Analyst projections of the future price of Pershing Square Holdings stock.

Bulls say / Bears say

PSH has authorised a further $100 million of buybacks, and shares repurchased well below NAV increase the asset backing per remaining share. Since 2017 it has bought back shares worth $1.9 billion. (Pershing Square Holdings)
The portfolio now includes payment networks, data and exchange businesses such as Visa, Mastercard, S&P Global and Intercontinental Exchange. Pershing Square estimates that its current holdings can grow earnings per share by at least 15% a year over the next three to five years, though that is the manager’s forecast. (Seeking Alpha)
The NAV loss narrowed from 12.6% in the first half to 8.0% year to date by 27 October, suggesting a partial recovery in the underlying portfolio. The return was still negative, but had improved from the 9.6% year-to-date loss reported at September-end. (Investegate, Investegate)
PSH’s NAV fell 12.6% in the first half of 2026, while the S&P 500 rose 10.2%; even after a partial rebound, PSH was still down 8.0% year to date at 27 October. That weak relative record raises questions about the manager’s stock selection. (Citywire, Investegate)
The portfolio had only 17 positions and 126% net exposure at September-end, with no short positions. Borrowing magnifies the effect of market falls, while the concentrated, unhedged book leaves less protection if several large holdings weaken together. (Investegate)
The shares remain far below the value of their assets: PSH bought shares at $50.34 each on 23 October against NAV of $78.88, a discount of about 36%. Buybacks may help remaining holders, but the persistent gap can still weigh on share-price returns and may not close quickly. (Investegate, Citywire)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

PSH Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PSH Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing PSH

Funds
Fund name
Fund size
£PSH weighting
iShares Core FTSE 100£CUKX
£3.2B0.19%
iShares Core FTSE 100£ISF
£17B0.19%
iShares Core FTSE 100€ISFA
£16B0.19%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.