Pershing square capital management portfolio

Pershing square capital management portfolio DEFAULT

Pershing Square Capital Management, L.P.

ACKMAN, WILLIAM, ALBERTCHIEF EXECUTIVE OFFICER 12/01/2003 Direct 75% or more
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCSOLE STOCKHOLDERindirect1992-12-01
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF EXECUTIVE OFFICERdirect1997-04-01
MANTPRO, LLCMANAGING MEMBERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.MANAGING MEMBERindirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.LIMITED PARTNER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.SENIOR MANAGING MEMBERdirect1997-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBERdirect2003-12-01
GCP I, LLCMANAGING MEMBERdirect2002-08-01
SECTION H PARTNERS, L.P.PRESIDENTindirect1993-09-01
SECTION H PARTNERS, L.P.CHIEF EXECUTIVE OFFICERdirect1993-10-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBER/CHIEF EXECUTIVE OFFICERdirect2005-02-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBERdirect2005-02-01
PERSHING SQUARE III GP, LLCMANAGING MEMBERdirect2005-08-01
BOTTA, NICHOLAS, ANTHONYPRESIDENT 03/01/2017 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF FINANCIAL OFFICERdirect2003-01-01
MANTPRO, LLCCHIEF FINANCIAL OFFICERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF FINANCIAL OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.PRESIDENTdirect2017-03-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.CHIEF FINANCIAL OFFICERdirect2003-01-01
PERSHING SQUARE GP, LLCCHIEF FINANCIAL OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCPRESIDENTdirect2017-03-01
GCP I, LLCCHIEF FINANCIAL OFFICERdirect2003-01-01
SECTION H PARTNERS, L.P.CHIEF FINANCIAL OFFICERdirect2003-01-01
PERSHING SQUARE HOLDINGS GP, LLCCHIEF FINANCIAL OFFICERdirect2005-02-01
PERSHING SQUARE III GP, LLCCHIEF FINANCIAL OFFICERdirect2005-08-01
PS MANAGEMENT GP, LLCGENERAL PARTNER 12/01/2003 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.GENERAL PARTNERdirect2003-12-01
COUSSIN, HALITCHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICER 02/01/2015 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.GENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICERdirect2015-02-01
PERSHING SQUARE GP, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE GP, LLCCHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICERdirect2015-02-01
GCP I, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE HOLDINGS GP, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
ASNES, ANTHONY, KETAYHEAD OF IR 04/01/2010 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
EAGLE CAPITAL MANAGEMENT LLCMANAGING DIRECTORdirect2003-09-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.HEAD OF IRdirect2010-04-01
PERSHING SQUARE GP, LLCHEAD OF IRdirect2010-04-01
Gonnella, MichaelCHIEF FINANCIAL OFFICER 03/01/2017 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF FINANCIAL OFFICERdirect2017-03-01
PERSHING SQUARE GP, LLCCHIEF FINANCIAL OFFICERdirect2017-03-01
ACKMAN, WILLIAM, ALBERTCHIEF EXECUTIVE OFFICER 12/01/2003 Direct 75% or more
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCSOLE STOCKHOLDERindirect1992-12-01
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF EXECUTIVE OFFICERdirect1997-04-01
MANTPRO, LLCMANAGING MEMBERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.MANAGING MEMBERindirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.LIMITED PARTNER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.SENIOR MANAGING MEMBERdirect1997-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBERdirect2003-12-01
GCP I, LLCMANAGING MEMBERdirect2002-08-01
SECTION H PARTNERS, L.P.PRESIDENTindirect1993-09-01
SECTION H PARTNERS, L.P.CHIEF EXECUTIVE OFFICERdirect1993-10-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBER/CHIEF EXECUTIVE OFFICERdirect2005-02-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBERdirect2005-02-01
PERSHING SQUARE III GP, LLCMANAGING MEMBERdirect2005-08-01
BOTTA, NICHOLAS, ANTHONYPRESIDENT 03/01/2017 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF FINANCIAL OFFICERdirect2003-01-01
MANTPRO, LLCCHIEF FINANCIAL OFFICERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF FINANCIAL OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.PRESIDENTdirect2017-03-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.CHIEF FINANCIAL OFFICERdirect2003-01-01
PERSHING SQUARE GP, LLCCHIEF FINANCIAL OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCPRESIDENTdirect2017-03-01
GCP I, LLCCHIEF FINANCIAL OFFICERdirect2003-01-01
SECTION H PARTNERS, L.P.CHIEF FINANCIAL OFFICERdirect2003-01-01
PERSHING SQUARE HOLDINGS GP, LLCCHIEF FINANCIAL OFFICERdirect2005-02-01
PERSHING SQUARE III GP, LLCCHIEF FINANCIAL OFFICERdirect2005-08-01
PS MANAGEMENT GP, LLCGENERAL PARTNER 12/01/2003 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.GENERAL PARTNERdirect2003-12-01
COUSSIN, HALITCHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICER 02/01/2015 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.GENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICERdirect2015-02-01
PERSHING SQUARE GP, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE GP, LLCCHIEF LEGAL OFFICER/CHIEF COMPLIANCE OFFICERdirect2015-02-01
GCP I, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
PERSHING SQUARE HOLDINGS GP, LLCGENERAL COUNSEL/CHIEF COMPLIANCE OFFICERdirect2007-09-01
ASNES, ANTHONY, KETAYHEAD OF IR 04/01/2010 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
EAGLE CAPITAL MANAGEMENT LLCMANAGING DIRECTORdirect2003-09-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.HEAD OF IRdirect2010-04-01
PERSHING SQUARE GP, LLCHEAD OF IRdirect2010-04-01
Gonnella, MichaelCHIEF FINANCIAL OFFICER 03/01/2017 Direct less than 5%
Fund NamePositiondirect/indirectstart dateend date
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF FINANCIAL OFFICERdirect2017-03-01
PERSHING SQUARE GP, LLCCHIEF FINANCIAL OFFICERdirect2017-03-01
ACKMAN, WILLIAM, ALBERTMANAGING MEMBER PS MANAGEMENT GP, LLC12/01/2003 Indirect 75% or more
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCSOLE STOCKHOLDERindirect1992-12-01
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF EXECUTIVE OFFICERdirect1997-04-01
MANTPRO, LLCMANAGING MEMBERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.MANAGING MEMBERindirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.LIMITED PARTNER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.SENIOR MANAGING MEMBERdirect1997-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBERdirect2003-12-01
GCP I, LLCMANAGING MEMBERdirect2002-08-01
SECTION H PARTNERS, L.P.PRESIDENTindirect1993-09-01
SECTION H PARTNERS, L.P.CHIEF EXECUTIVE OFFICERdirect1993-10-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBER/CHIEF EXECUTIVE OFFICERdirect2005-02-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBERdirect2005-02-01
PERSHING SQUARE III GP, LLCMANAGING MEMBERdirect2005-08-01
ACKMAN, WILLIAM, ALBERTMANAGING MEMBER PS MANAGEMENT GP, LLC12/01/2003 Indirect 75% or more
Fund NamePositiondirect/indirectstart dateend date
GOTHAM PARTNERS MANAGEMENT CO., LLCSOLE STOCKHOLDERindirect1992-12-01
GOTHAM PARTNERS MANAGEMENT CO., LLCCHIEF EXECUTIVE OFFICERdirect1997-04-01
MANTPRO, LLCMANAGING MEMBERdirect2003-04-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.MANAGING MEMBERindirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE CAPITAL MANAGEMENT, L.P.LIMITED PARTNER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
GOTHAM INTERNATIONAL ADVISORS, L.L.C.SENIOR MANAGING MEMBERdirect1997-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBER AND CHIEF EXECUTIVE OFFICERdirect2003-12-01
PERSHING SQUARE GP, LLCMANAGING MEMBERdirect2003-12-01
GCP I, LLCMANAGING MEMBERdirect2002-08-01
SECTION H PARTNERS, L.P.PRESIDENTindirect1993-09-01
SECTION H PARTNERS, L.P.CHIEF EXECUTIVE OFFICERdirect1993-10-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBER/CHIEF EXECUTIVE OFFICERdirect2005-02-01
PERSHING SQUARE HOLDINGS GP, LLCMANAGING MEMBERdirect2005-02-01
PERSHING SQUARE III GP, LLCMANAGING MEMBERdirect2005-08-01
Sours: https://whalewisdom.com/filer/pershing-square-capital-management-l-p

Ackman's Pershing Square fund surges as Universal soars in stock debut

BOSTON, Sept 22 (Reuters) - Hedge fund manager William Ackman's 10% bet on Universal Music Group helped nearly double returns at his own portfolio to 15.3% this week after shares in the world's biggest music label surged in their first hours as a publicly traded company.

Ackman, who runs hedge fund firm Pershing Square Capital Management, told investors that his Pershing Square Holdings portfolio returned 15.3% after fees since January. The fund was up 7.7% a week ago.

The gains were largely fueled by his investment in Universal Music Group (UMG), the label that is home to Taylor Swift, Bob Dylan and the Beatles. Ackman pivoted a few weeks ago, buying the sizable stake in the record label through his portfolios after his initial plan to invest through a blank-check company deal crumbled in July amid scrutiny from U.S. regulators.

The billionaire investor told his investors that humans need food, water and music, and that music, which he called the cheapest form of entertainment in the world, is a very savvy investment because it pays royalties.

He raised $1.1 billion in fresh capital for the UMG stake through a co-investment vehicle, a structure he has previously used for investments in Automatic Data Processing (ADP.O) and Air Products & Chemicals (APD.N). In total, Ackman's funds invested $4 billion in UMG.

Ackman posted a 70.2% return in 2020 following a 58.1% return in 2019. This year the HFRX Global Hedge Fund Index, which measures returns for the industry, is up 3.58%.

In the first eight months of the year Ackman's best performing stocks included Chipotle Mexican Grill (CMG.N), Agilent Technologies (A.N), and Domino's Pizza (DPZ.N). He sold Agilent to help fund his commitment to UMG.

In its first day of trading in Amsterdam on Tuesday, UMG's shares leapt by more than a third, pushing its market value to $55 billion in Europe's largest listing of the year.

Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul and Sonya Hepinstall

Our Standards: The Thomson Reuters Trust Principles.

Sours: https://www.reuters.com/business/ackmans-pershing-square-fund-surges-universal-soars-stock-debut-2021-09-22/
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Bill AckmanBill Ackman Stocks Portfolio


Top HoldingsLargest TradesPortfolio StructureSector AllocationPerformance History

Pershing Square Capital Management Holdings Heatmap

Top 50 Pershing Square Capital Management Holdings

Largest Stock Buys since Q2 2021:

StockCompany NameSharesValue% ChangeChange% of PortfolioOwnership HistPrice HistoryDate

Largest Stock Sells since Q2 2021:

StockCompany NameSharesValue% ChangeChange% of PortfolioOwnership HistPrice HistoryDate

Sector Allocation over time

Pershing Square Capital Management Performance History

Performance compared to other Funds

Sours: https://hedgefollow.com/funds/Pershing+Square+Capital+Management
Ackman's Pershing Square Starts 2019 With 25% Returns

Portfolio holdings of Bill Ackman - Pershing Square Capital Management. Bill Ackman - Pershing Square Capital Management stock picks:. Stock Holdings page.

Bill Ackman - Pershing Square Capital Management

Period: Q2 2021
Portfolio date: 30 Jun 2021
No. of stocks: 7
Portfolio value: $10,709,784,000

HistoryStock% of
Portfolio
SharesRecent
Activity
Reported
Price*
ValueCurrent
Price
+/-
Reported
Price
52
Week
Low
52
Week
High
LOW - Lowe's Cos.18.3710,140,520Reduce 15.20%$193.97$1,966,957,000$221.7414.32%$146$223
A - Agilent Technologies16.1411,695,838Reduce 0.92%$147.81$1,728,762,000$154.784.72%$100$179
CMG - Chipotle Mexican Grill Inc.15.721,086,136$1550.34$1,683,880,000$1852.6719.50%$1172$1959
HLT - Hilton Worldwide Holdings14.3712,760,047Reduce 0.92%$120.62$1,539,117,000$144.0619.43%$84$145
QSR - Restaurant Brands International14.2623,696,917Reduce 0.96%$64.44$1,527,029,000$60.88-5.52%$49$70
HHC - Howard Hughes Corp.12.2613,470,008$97.46$1,312,787,000$91.10-6.53%$60$113
DPZ - Dominos Pizza Inc.8.882,039,170Add 0.17%$466.49$951,252,000$459.90-1.41%$318$548

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.

Sector % analysis

Services38.86
Consumer Discretionary32.74
Information Technology16.14
Financials12.26
Sours: https://www.dataroma.com/m/holdings.php?m=psc

Capital management portfolio pershing square

Pershing Square Holdings, Ltd.

Welcome to Pershing Square Holdings, Ltd.

(the “Company”)

Please read the disclaimer below carefully. You must accept its terms before you can proceed.

Users of this website are responsible for observing all applicable laws and regulations in their relevant jurisdictions before proceeding to access the information contained herein. By proceeding to access the information, users are deemed to have represented and warranted that the applicable laws and regulations of their relevant jurisdiction allow them to do so. No information contained on this website constitutes or would be deemed to constitute an invitation in any jurisdiction to invest or otherwise deal in the shares of the Company.

None of the information contained in this website constitutes an offer to sell, or a solicitation of an offer to buy or subscribe for, any shares or other securities to the public.

None of the information contained in this website constitutes an offer to sell, or a solicitation of an offer to buy or subscribe for, any shares or other securities in the United States or in any other jurisdiction, nor shall it, or the fact of its distribution, form the basis of, or be relied upon, in connection with or act as an inducement to enter into any contract or commitment therefor.

Shares may not be purchased by an “employee benefit plan” within the meaning of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), including (i) an investor using assets of: (A) an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA; (B) a “plan” as defined in Section 4975 of the U.S. Internal Revenue Code, as amended (the “IRC”), including an individual retirement account or other arrangement that is subject to Section 4975 of the IRC; or (C) an entity which is deemed to hold the assets of any of the foregoing types of plans, accounts or arrangements that is subject to Title I of ERISA or Section 4975 of the IRC.

The Company has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), and investors will not be entitled to the benefits of that Act.

In addition, the shares in the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Consequently, shares in the Company may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, “U.S. persons” as defined in Regulation S under the Securities Act absent registration or an exemption from registration under the Securities Act. No public offering of any shares in the Company is being, or has been, made in the United States.

The Company is a registered closed-ended investment scheme registered pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended and the Registered Collective Investment Scheme Rules 2008 issued by the Guernsey Financial Services Commission (the “Commission”). The Commission has not reviewed this disclaimer and takes no responsibility for the financial soundness of the Company or for the correctness of any of the statements made or opinions expressed with regard to it.

All investment is subject to risk. The value of the shares in the Company may go down as well as up. Past performance is no guarantee of future returns and there is no guarantee that the market price of the Company’s shares will fully reflect their underlying net asset value. There is also no guarantee that the Company’s investment objective will be achieved. Potential investors are advised to seek expert financial advice before making any investment decision and should be aware that they may not fully recover the amount invested.

A prospectus has been prepared in connection with the admission of the shares in the Company to listing and trading on Euronext in Amsterdam, the regulated market operated by Euronext Amsterdam N.V., and was approved by the Netherlands Authority for the Financial Markets (the “AFM”) on 2 October 2014 (the “Prospectus”). A Dutch supplement to the Prospectus has been prepared which contains specific information for retail investors in the Company in the Netherlands (the “Supplement”). The Prospectus and the Supplement are available on this website.

Neither the Company nor Pershing Square Capital Management, L.P. (“PSCM”), the investment manager of the Company, assumes any obligation to update the information contained in the Prospectus or the Supplement thereto, unless a new offering in the Company will be undertaken.

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The information on this website is for information purposes only. Unless specifically stated otherwise, it does not constitute an offer to purchase or sell any security or investment product, nor does it constitute professional advice. Any product and service mentioned in this website are not offered to any person or entity in any jurisdiction or country where the advertisement, offer, solicitation, provision or sale of such product and service is restricted or prohibited by law or regulation or where PSCM or the Company or any of their respective affiliates would be subject to any regulation or licensing requirement.

If you proceed to access the information included in this website, you acknowledge that you have read and agree with the above statement.

Forward-Looking Statements

Nothing in this website is, or should be relied on as, a promise or representation as to the future. This website contains forward-looking statements, which reflect the views of the Company and PSCM with respect to, among other things, the Company’s operations. Investors can identify these forward-looking statements by the use of words such as “believe”, “expect”, “potential”, “continue”, “may”, “will”, “should”, “seek”, “approximately”, “predict”, “intend”, “plan”, “estimate”, “anticipate” or other comparable words. These forward-looking statements are subject to various risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Should any assumptions underlying the forward-looking statements contained on this website prove to be incorrect, the actual outcome or results may differ materially from outcomes or results projected in these statements. None of the Company, PSCM or any of their respective affiliates undertakes any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law or regulation.

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Copyright of all images and text in this website is owned by or licensed to PSCM, the Company or one of their respective affiliates unless otherwise noted. You may imprint, copy download or temporarily store extracts from this website for your personal information and use. You may not alter or otherwise make any changes to any material that you print or download from this website, including, without limitation, removing any identifying marks or legends from such material. You may not distribute these materials to others. Any other use is prohibited unless you first request and obtain our written permission. In particular no one may copy or use a part of the website on any other website, or link any other website to this website, without the prior written permission of PSCM and the Company. You may not use the website for any purpose which is unlawful, abusive, libelous, obscene or threatening.

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The information and opinions contained in this website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. None of the Company, PSCM or any of their respective affiliates further assumes any responsibility for, and makes any warranties that, information and supplies contained on this website will be uninterrupted or error-free, that defects will be corrected, or that this website or the servers that make it available will be free of viruses or other harmful components.

Liability Waiver

You agree that under no circumstances, including, but not limited to, negligence, shall the Company or PSCM or any third party that has provided information contained in this website or any of their respective affiliates be liable for any direct, special or consequential damages that result from the access or use of, or the inability to access or use, the materials on this website. This does not exclude or restrict any duty or liability the Company or PSCM has to its customers under the regulatory system in the Netherlands or Guernsey.

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The information requested for registration at pershingsquareholdings.com will only be used for internal purposes.

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The use of the internet to transfer information is not secure. While we do our best to maintain security within our website and to safeguard your personal information, we cannot ensure or warrant the security of any information which you may transmit to us.

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Although each of the Company and PSCM tries to make this site as accurate as possible and to use information obtained from other sources that the Company and PSCM believe to be reliable, each of the Company and PSCM does not guarantee, nor take any responsibility for, its accuracy.

The fact that information, products or services are shown on this website does not necessarily mean that you should rely on the information or that the information continues to be valid. All documents have their own shelf life and may be included on this website for historical reference purposes only.

Sours: https://pershingsquareholdings.com/
Beursnotering Pershing Square Holdings, Ltd.

Pershing Square Capital Management Portfolio Exits

US Vivendi Investors Were Shortchanged, But ABBA Mania & George Lucas Are The Key To Great Growth For UMG

Oct 12, 2021

ABBA, one of the most successful Universal Music Group bands in history, has reunited after 40 ... [+] years. UMG has faith the new Voyager album and space-age digital London shows created by Star Wars legend George Lucas' firm Industrial Light & Magic will be a winner. getty Pioneering Universal Music Group will have exponential growth with a stellar team truly embracing the digital universe and this will eventually result in great returns for US investors, according to The Edge  (the leading source in under-performing companies for activist involvement, Special Situations and Spinoffs). In February, Vivendi SE's (VIV FP) management board asked shareholders to approve a 60 percent distribution of Universal Music Group BV's (UMG NA) share capital by the end of 2021. Shareholders were offered a distribution ratio of one share of UMG for every one share held of VIV FP, and shareholders enthusiastically supported the strategy, but there was a catch for American investors. Most US based funds are not mandated to invest in foreign stocks, so a good investment opportunity abroad is potentially unobtainable. Likewise, most smaller investors in the United States are not set up for international trading and this can be prohibitive to access non-American investments too. Universal Music Group’s Knight in Shining Armor In 2016 Sir Lucian Grainge visited Buckingham Palace to be awarded a Knighthood and an OBE, for ... [+] Services in the Field, which he received from Prince William the Duke of Cambridge. Getty Images But things are only looking up for Universal Music Group according to David Marcus of Evermore Global Advisors. He said, “Sir Lucian Grainge, chairman and chief executive officer of Universal Music Group, has created an incredible business over the years. The music industry has continued to evolve and he has been a real pioneer and a champion in his field. “His groundbreaking team is innovative, tech savvy and the relationship managers have very strong alliances with their star artists and talent. Universal Music Group has expanded these relationships with ancillary services to be a more full service partner. “Now, on a standalone basis they have the ability to accelerate the growth of partnerships and relationships. They now have a currency, their stock, to acquire other compelling media businesses that can support and help continue to grow UMG. The long term prospects are exceptional.”  Just one example of their innovative dip into the digital stratosphere will happen in Q2 2022, with ABBA (one of the most successful Universal Music Group bands in history) reuniting after 40 years. Huge stars like Taylor Swift, Drake, Kendrick Lamar, Ariana Grande, Lady Gaga, Megan Thee Stallion, J Balvin, Alicia Keys, Guns N' Roses, Bob Dylan, Billie Eilish are continuing to release music. Universal Music Publishing Group also owns the catalogues of Coldplay, Lionel Richie, Bruce Springsteen, Elvis Presley, U2, Shania Twain, Bon Jovi, Prince, 50 Cent, Fatboy Slim, Brian McKnight, Christina Aguilera, Britney Spears, Elton John, Elvis Costello, Frank Sinatra, Rod Stewart, Leonard Bernstein, Mariah Carey, Robbie Williams, The Sugababes, The Spice Girls, The Pussycat Dolls, and Henry Mancini, among many others. These stars will continue to be instrumental in the success of Universal Music Group's profits. Pershing Square Abandons SPAC Plan CEO and Portfolio Manager Pershing Square Capital Management L.P. William Ackman getty In August 2021, Vivendi sold 7.1 percent of UMG’s share capital to Pershing Square Holdings and affiliates, costing €2.8bn based on an enterprise value of €35bn ($41bn). Pershing Square CEO William Ackman successfully negotiated the rights to purchase a further 2.9 percent of UMG’s capital through his funds, with a total holding now of 10 percent. In July 2021, he abandoned plans to use a special purpose acquisition company (SPAC) following concerns from regulators and investors. David Marcus explained, “I do not believe Vivendi would have sold Mr. Ackman more than 10 percent. I believe they wanted to establish a floor in valuation. They could have done an IPO and dividend directly and did not really need to work with a SPAC or hedge fund. “Mr. Ackman was trying to create a novel approach to create a SPARC (special purpose acquisition rights company). A traditional SPAC has a limited time to find and merge with a target and create what he was calling a SPARC. “I would imagine that Pershing Square will keep working to create a structure like the SPARC, where they can call the capital, when they find a deal. New inventions like this take time to create and educate investors and get regulatory approval.” Vivendi Is On The Up Vincent Bollore attends the 'Canal + Animators' Party in Paris, France. (Photo by Laurent ... [+] Viteur/Getty Images) Getty Images Billionaire Vincent Bolloré controls the conglomerate Bolloré Group, first founded in 1822. It has emerged as a global powerhouse and they are controlling shareholders in Vivendi, as well as Universal Music Group through the proportional distribution of shares last month. David Marcus added, "The large stake held by Vivendi and the Bolloré Family gives Vivendi an incredible amount of optionality. They can use this as a financial asset as Vivendi continues on its own journey to continue investing in and building a dominant media and telecom group. "Or they can keep it and continue to participate in the continued value creation we expect from UMG. It also gives UMG the knowledge that with Vivendi/Bolloré and Tencent as major shareholders they have a stable investor base and can focus on making good long term decisions without being completely tethered to focusing on each and every quarter. "I think of this as a long term compounder that has generally surprised investors on the upside even while they were captive within Vivendi. Once the music industry adapted to streaming, Spotify, Apple, etc., UMG has taken the lead in running faster than the others to grow their footprint and accelerate growth. "UMG is not technically a cheap stock. But we believe they can continue to grow the business, mine existing catalogues and monetize them as there are more and more opportunities to leverage the value of their 100+ years of catalogue.” The Edge’s View The major contention behind UMG NA’s spin was allowing it to be valued as per its potential which was lost in the conglomerate nature of VIV FP’s operational structure. Peer Warner Music Group Corp. (WMG) is the only other listed global music player prior to UMG’s own listing, coming to the market last year in June 2020 at a $16.2bn valuation and subsequently rising to touch a high of around $20bn in April 2021, proving that UMG NA (with a larger business in scale and reach) would fetch a premium over its peer. Its listing in Amsterdam and being part of the major broader AEX Index also helps to pull in greater funds into the stock as global funds take positions to replicate index baskets, which we expect will push the stock further up. UMG NA’s separation from VIV FP moves the latter's most valuable asset away from the media conglomerate, which will focus on its primarily France-based Cable TV+ assets. Even though the RemainCo’s retained businesses seem impressive with respect to their presence and operations, the near-term outlook is subdued with increased competition and limited geographical reach for growth. With UMG NA’s opening price on the first day of trading (September 21) at around €25, based on The Edge's estimations this values the company in the range of 13x to 14x FY22E EV/EBITDA, at a discount to peer WMG’s 18.2x and average peer multiple of 23x which include the likes of Netflix, Inc. (NFLX) and The Walt Disney Co. (DIS). We believe UMG NA should be trading in-line with other major media content providers, as with the way music is being produced for mass consumption, music labels have an edge over video content providers given viewing a movie or TV series does not stimulate repeat viewing, whereas music streamers get consumers to listen to music repeatedly. This assures continuous flow of subscription and streaming revenues. In VIV FP's case, we see limited upside on its operational assets as their future growth seems to be stagnant for the near to medium term. Follow me on  Twitter  or  LinkedIn . Check out my  website .

Sours: https://www.cbinsights.com/investor/pershing-square-capital-management

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Slideshow Top 10 Stocks Held By Pershing Square Capital Management L.P.

Position Size ($1000s)
$1,281,402
$1,312,787
 03/31/2021  06/30/2021 
Share Count
13,470,008
13,470,008
 03/31/2021  06/30/2021 
   Entity 06/30/2021 Amount 06/30/2021 Position Size ($ in 1000's)
HOWARD HUGHES CORP13,470,008$1,312,787
     HHC13,470,008$1,312,787
   Entity 03/31/2021 Amount 03/31/2021 Position Size ($ in 1000's)
HOWARD HUGHES CORP13,470,008$1,281,402
     HHC13,470,008$1,281,402

HHC Stock Price From 03/31/2021 To 06/30/2021:

Sours: https://www.holdingschannel.com/top/stocks-held-by-pershing-square-capital-management-l-p/


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