$PS

Pershing Square Holdings appointed Ranjani Kearsley, an executive at B-FLEXION and a board member of Twelve Securis, as an independent non-executive director effective July 20, 2026. The firm links her ILS experience to its involvement with Howard Hughes Holdings, which acquired Vantage Group. Pershing Square Holdings previously subscribed $1 billion of non-voting exchangeable perpetual preferred stock for the deal.

The article says Pershing Square’s Bill Ackman holds a concentrated portfolio, with about 42% of Pershing Square Capital Management’s assets in three stocks: Amazon (15.3%), Brookfield (14.9%) and Microsoft (12.2%). It cites Amazon’s planned up to $200 billion capex for AI infrastructure, Brookfield’s expected $25 billion carried interest (2025–2034) and Microsoft’s view that Azure will accelerate in the back half of the year.

Bill Ackman, founder of Pershing Square Capital Management, said in an interview that “what you know” matters more than “who you know,” arguing ideas are more valuable than relationships. He added that young entrepreneurs should learn AI and coding. The article notes Pershing Square Inc. completed an April IPO on the NYSE (ticker PS) after a 2024 private funding round valuing it at about $10.5B.

Citi initiated coverage of Pershing Square Inc. (PS) on May 26 with a buy/high-risk rating and a $50 2026 price target, according to TheFly as relayed by Yahoo Finance. The target implies over 40% upside versus the then-current price. Citi’s case cites Pershing’s “permanent capital,” recurring base management fees, and a fee stream from its $900 million investment in Howard Hughes Holdings, including $3.75 million quarterly plus 0.375% of HHH market-cap gains.