Pershing Square USA, Ltd.
Pershing Square USA, Ltd. is a New York Stock Exchange listed (NYSE:PSUS) non-diversified closed-end management investment company with a unique investment strategy of concentrated, core equity holdings. It also complements its core investment strategy by seeking to identify and execute asymmetric hedges.
Fund
Overview
Pershing Square USA, Ltd. (NYSE:PSUS) invests primarily in high-quality, large-capitalization, free-cash-flow-generative, North American growth companies that it seeks to acquire at discounts to its estimate of their intrinsic value. It also seeks to hedge certain macroeconomic and other risks as part of its investment strategy.
Weekly net asset value (“NAV”) is calculated as of the close of business on each Tuesday and posted on the following business day in New York. In the event that Tuesday is not a business day in New York, PSUS will calculate the close-of-business NAV as of the business day immediately preceding that Tuesday. The end-of-month NAV is calculated as of the close of business on the last day of the month and posted on the following day that is a business day in New York. For weeks that include a month-end NAV report, PSUS will provide only the month-end NAV and not report the Tuesday NAV.
Performance is presented on a net-of-fees basis and reflects the deduction of, among other expenses: management fees, brokerage commissions and administrative fees. The performance figures include the reinvestment of all dividends, interest and capital gains. Depending on the timing of a specific investment, net performance for an individual investor may vary from the net performance as stated herein. Net performance is a geometrically linked time weighted calculation. Past performance is not necessarily indicative of future results.
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About Us
Pershing Square Team
The Pershing Square Capital Management, L.P. investment team brings significant investment expertise as well as broad industry networks that encompass a wide array of sectors, industry participants and intermediaries. CEO Bill Ackman, CIO Ryan Israel and its other investment professionals work as a team. Each member of the investment team has complementary skills and experience relevant to our strategy, a commitment to intense research and discovery, and a track record of innovation and providing solutions for creating long-term value.
Board of Trustees
The business and affairs of Pershing Square USA, Ltd. are managed under the direction of the Board of Trustees. The Board meets regularly throughout the year, at least on a quarterly basis, and maintains regular contact between meetings with the Pershing Square team.