Pershing Square Holdings (Bill Ackman) Annual Investor Update Presentation

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About: Pershing Square Holdings, Ltd. (PSHZF), Includes: ADP, CMG, FMCC, FNMA, HHC, HLT, LOW, QSR, SBUX, UTX
by: Fund Letters
Summary

Pershing Square Holdings, Ltd is a closed-ended investment company. Our investment objective is to preserve capital and to seek long-term capital appreciation commensurate with reasonable risk.

We seek to achieve our investment objective through long and occasionally short investment positions in equity or debt securities of U.S. and non-U.S. issuers.

Includes detailed analysis of Pershing Square's positions in CMG, ADP, QSR, LOW, SBUX, HLT, UTX, HHC, FNMA, FMCC.