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North America
PSHPershing Square Holdings, Ltd
Managed by Pershing Square Capital Management, L.P.William A. Ackman
Latest factsheet
31 Jul 2026
vs asset value
33.4% discount
Borrowing
21.30%
Dividend yield
1.40%
Holdings
17
The Company's investment objective is to preserve capital and seek maximum, long-term capital appreciation commensurate with reasonable risk.
33.4% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 38.08 · asset value per share 57.21 (GBP)
Cumulative performance
| Period | Trust | S&P 500 |
|---|---|---|
| YTD | -9.20% | +10.10% |
Annualised performance
| Period | Trust, a year at a time | S&P 500 |
|---|---|---|
| 1Y | -2.50% | +19.50% |
| 3Y | +9.80% | +19.30% |
| 5Y | +10.10% | +12.80% |
| 10Y | +16.90% | +15.10% |
| Since launch | +12.10% | +15.00% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Alcon | – | |
| 2 | amazon | – | |
| 3 | Brookfield | – | |
| 4 | Freddie Mac | – | |
| 5 | Fannie Mae | – | |
| 6 | Howard Hughes | – | |
| 7 | ice | – | |
| 8 | Mastercard | – | |
| 9 | Meta | – | |
| 10 | Microsoft | – | |
| 11 | NETFLIX | – | |
| 12 | rbi | – | |
| 13 | S&P Global | – | |
| 14 | Uber | – | |
| 15 | Visa | – |
Key facts
- Stock market ticker
- PSH
- ISIN
- GG00BPFJTF46
- Benchmark
- S&P 500
- Currency
- GBP
- Domiciled in
- Guernsey
- Launched
- 13 Oct 2014
- Management fee
- 1.50%
- Performance fee
- 16.00%
- Dividends paid
- Quarterly
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 Jul 2026 | View original factsheet ↗ |
| 30 Jun 2026 | View original factsheet ↗ |
| 31 May 2026 | View original factsheet ↗ |
| 30 Apr 2026 | View original factsheet ↗ |
| 31 Mar 2026 | View original factsheet ↗ |
| 31 Oct 2025 | View original factsheet ↗ |