PSH.AS - Pershing Square Holdings Ord

Amsterdam - Amsterdam Delayed Price. Currency in USD
19.46
-0.08 (-0.41%)
As of 4:09PM CEST. Market open.
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Previous Close19.54
Open19.56
Bid0.00 x 0
Ask0.00 x 0
Day's Range19.46 - 19.56
52 Week Range12.32 - 26.53
Volume38,800
Avg. Volume64,323
Market Cap4.184B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 14, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Business Wire

    Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 17 September 2019

    Pershing Square Holdings, Ltd. (PSH.AS) (LN:PSHD) (PSH.AS) today released its regular weekly Net Asset Value (“NAV”) and performance returns on its website, https://www.pershingsquareholdings.com/company-reports/weekly-navs/. The NAV and returns were computed as of the close of business on Tuesday, 17 September 2019. PSH NAV per share as of close of business on 17 September 2019 was 26.89 USD / 21.51 GBP and year-to-date performance was 56.6%.

  • Business Wire

    Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 10 September 2019

    Pershing Square Holdings, Ltd. (PSH.AS) (LN:PSHD) (PSH.AS) today released its regular weekly Net Asset Value (“NAV”) and performance returns on its website, https://www.pershingsquareholdings.com/company-reports/weekly-navs/. The NAV and returns were computed as of the close of business on Tuesday, 10 September 2019. PSH NAV per share as of close of business on 10 September 2019 was 26.26 USD / 21.27 GBP and year-to-date performance was 53.0%.

  • Why Chipotle Isn’t Done Making Money for Bill Ackman
    Market Realist

    Why Chipotle Isn’t Done Making Money for Bill Ackman

    Chipotle Mexican Grill (CMG) is helping Bill Ackman’s Pershing Square outperform the broader markets YTD. The fund has gained 54.5% through August.

  • Bill Ackman’s $500 Million Bet on Himself Pays Off After Losing Streak
    Bloomberg

    Bill Ackman’s $500 Million Bet on Himself Pays Off After Losing Streak

    (Bloomberg) -- Bill Ackman made a big bet on himself even as some investors were second-guessing the future of his hedge fund, Pershing Square Capital Management. So far, it’s paying off.The billionaire plowed about $500 million into the publicly traded arm of his fund last year, arguing it was significantly undervalued. At the time, Pershing Square Holdings Ltd. was trading at roughly $15 a share.The fund has returned 54.5% on its investments this year through August, fueling a 48% gain for shares of Pershing Square Holdings, which traded Friday at $19.10 in Amsterdam, the highest since January 2016. That translates into about a $200 million gain for Ackman in 2019 on his half-billion-dollar bet, data compiled by Bloomberg show.That’s quite a reversal of fortune. Early last year, Ackman told investors he had to change course after a disastrous bet on Valeant Pharmaceuticals Ltd. and an ill-fated short-selling campaign against Herbalife Nutrition Ltd. Pershing Square was seeking to snap a three-year losing streak, and investors had pulled billions of dollars from Ackman’s private funds.“There was doubt as to whether Bill Ackman would be able to survive,” said Kai Liekefett, partner and chairman of the shareholder activism practice at law firm Sidley Austin LLP. “It looks like he has been focused on the last year or two on fundamental investing. He’s abstained from campaigning and started to find his groove again.”Ackman, 53, is worth $1.8 billion, according to the Bloomberg Billionaires Index. He declined to comment.Pershing Square has rallied along with some of its biggest holdings, including Chipotle Mexican Grill Inc., Starbucks Corp. and Burger King owner Restaurant Brands International Inc. In June, he booked a 64% profit on an investment in Automatic Data Processing Inc., about two years after acquiring a stake in the company.Still, with big gains come big risks. Two of the fund’s best performing positions are mortgage finance companies Fannie Mae and Freddie Mac, which rose this year in anticipation of their government conservatorship ending. A long-awaited Treasury Department report on their future, released Thursday, left the timeline for that vague and key issues unresolved.It had been a brutal stretch for Pershing Square investors, who had seen nothing but losses over the past several years. The fund tumbled in 2015 and again in 2016, driven in large part by Ackman’s bet on Valeant, an investment that cost investors more than $4 billion. Ackman also waged a prolonged short-selling battle against Herbalife, a losing billion-dollar bet that brought him into a public conflict with Carl Icahn, who eventually became the company’s biggest shareholder.Read more: Icahn says epic Herbalife battle with Ackman was ‘a good fight’Ackman was poised for a rebound last year, but a pre-Christmas market collapse wiped out an 11% gain and the fund ended the year down 0.7%.One reason Ackman cited for investing in his fund was a persistent discount between Pershing Square’s share price and its net asset value, or NAV. The discount was about 25% in May 2018, when he announced that he would start buying shares. Despite the fund’s recent gains, the discount to NAV has widened to almost 30%, and Pershing Square has said it plans to take advantage by continuing to repurchase stock.It’s “an extraordinary buying opportunity, and we have ample free cash,” Ackman said in a letter to shareholders last month.Pershing Square Holdings’ performance this year could prove lucrative for Ackman in other ways. Last week, the fund’s NAV climbed high enough that, if the gains hold through the end of the year, he’ll be able to collect performance fees for the first time since 2014.In a March letter, Ackman attributed the year’s strong start to a number of factors. The nature of his publicly traded fund meant he no longer had to focus on raising money, and the smaller, more focused investment team was paying dividends. He has also turned away from short-selling strategies, which previously weighed on performance.In January, Ackman married Neri Oxman, a professor at the Massachusetts Institute of Technology. The former Israeli Air Force lieutenant gave birth to their daughter in the spring. At an investor conference in April, Ackman gave another possible reason for his recent success: “Maybe it has something to do with being loved and getting married?”(Updates with Fannie Mae and Freddie Mac in eighth paragraph.)\--With assistance from Andrew Heathcote.To contact the reporters on this story: Tom Maloney in New York at tmaloney38@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Peter Eichenbaum, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Bill Ackman’s Fund Bucked August’s Downtrend
    Market Realist

    Why Bill Ackman’s Fund Bucked August’s Downtrend

    Bill Ackman’s Pershing Square Holdings netted gains of 3.5% in August, in sharp contrast to the losses posted by the major stock benchmarks in the month.

  • Bill Ackman: Top Bets amid Recession Fears
    Market Realist

    Bill Ackman: Top Bets amid Recession Fears

    Bill Ackman, CEO of Pershing Square Capital Management, is well known in the hedge fund industry for his various investment strategies.

  • Business Wire

    Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 27 August 2019

    Pershing Square Holdings, Ltd. (PSH.AS) (LN:PSHD) (PSH.AS) today released its regular weekly Net Asset Value (“NAV”) and performance returns on its website, https://www.pershingsquareholdings.com/company-reports/weekly-navs/. PSH NAV per share as of close of business on 27 August 2019 was 26.03 USD / 21.18 GBP and year-to-date performance was 52.2%. Weekly net asset value (“NAV”) is calculated as of the close of business on each Tuesday and posted on the following business day.