$PSUS

Bill Ackman's Pershing Square hedge fund has averaged a 20% gross annual return since 2004. The firm's public fund, Pershing Square USA (PSUS), has declined 21% since its April IPO. Ackman plans to launch Pershing Square Ventures, targeting pre-IPO and high-growth companies with lower fees. The fund's top holdings include Microsoft, Uber, and Meta.

Bill Ackman's Pershing Square raised $5B for a new fund, PSUSA, investing 95% of it. Ackman exited Alphabet, Universal Music Group, and Hertz, adding Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon. He also plans a private investment fund, Pershing Square Ventures, to gain insights into tech and private companies.

POLSKY LISA purchased 6,177 shares of Pershing Square USA, Ltd. (PSUS) at $39.45 ($0.24M total) on 2026-08-18.

Pershing Square USA (PSUS) reported that the Teacher Retirement System of Texas, a 10% owner, sold 6,205 shares at $40.06 each. The holder retains 10,143,795 shares. The sale occurred in an open market or private transaction.

TEACHER RETIREMENT SYSTEM OF TEXAS sold 6,205 shares of Pershing Square USA, Ltd. (PSUS) at $40.06 ($0.25M total) on 2026-08-17.

Pershing Square founder Bill Ackman’s closed-end fund Pershing Square USA (PSUS), launched in April, has fallen since its $5 billion IPO, trading in the $40s versus IPO pricing near $50. PSUS estimates NAV per share at $50.32, about 20% above the market price, which Ackman called “absurd.” Reported drivers include a wide discount to NAV, marketing issues, and high fees (~2% vs VOO at 0.03%).

Pershing Square Capital Management, run by Bill Ackman, disclosed a 3.15 million share stake in Pershing Square USA, about 4.9% of the fund as of June 30. The stake is in Netflix (NFLX). Netflix shares rose over 5% after the filing. The article cites Netflix Q2 revenue of $12.6B, operating margin 33.4%, and guidance for 31.5% full-year margin.

Pershing Square’s Q2 update says Bill Ackman’s Pershing Square USA (PSUS) raised a $5 billion IPO and has deployed over 95% of PSUS capital across 14 investments, including new positions in Visa, Mastercard, Intercontinental Exchange, Netflix, Alcon and S&P Global. The article lists Q2 2026 holdings and notes Ackman’s long-term return goal above 20% gross annually.

TEACHER RETIREMENT SYSTEM OF TEXAS sold 50,000 shares of Pershing Square USA, Ltd. (PSUS) at an average of $38.07 ($38.04–$38.10, $1.90M total) across 2 trades on 2026-08-04.

TEACHER RETIREMENT SYSTEM OF TEXAS sold 70,000 shares of Pershing Square USA, Ltd. (PSUS) at an average of $38.14 ($38.11–$38.19, $2.67M total) across 3 trades on 2026-08-03.