William Ackman · activist-deck
Pershing Square Holdings Portfolio (multi-position) (PSH)
75 pages · 4 arc beats · 3 loops
Pershing Square Holdings Portfolio (multi-position) (PSH)
William Ackman · 2025-02 arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
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Deck intelligence map
4 coverage by narrative range · generated from this deck JSON
Narrative range 39 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem 4 slides 100% 4/4 slides 100% 4/4 slides · 13 hits — 0/4 slides
50% 2/4 slides — 0/4 slides
100% 4/4 slides — 0/4 slides
Solution 10 slides 100% 10/10 slides 100% 10/10 slides · 59 hits — 0/10 slides
80% 8/10 slides 10% 1/10 slides 100% 10/10 slides 100% 10/10 slides · 11 hits Market Size 9 slides 100% 9/9 slides 100% 9/9 slides · 54 hits — 0/9 slides
55.6% 5/9 slides 33.3% 3/9 slides 100% 9/9 slides — 0/9 slides
Product 16 slides 100% 16/16 slides 100% 16/16 slides · 143 hits — 0/16 slides
18.8% 3/16 slides 31.3% 5/16 slides 100% 16/16 slides 100% 16/16 slides Slide inventory
75 every slide · same image gating as the playbook
09
The chart uses callout boxes to correlate specific financial events with fluctuations in the debt ratio.analyze_data
Open slide detailLoop · Logic Chain
10
Includes YTD 2025 data and a specific callout regarding discount to NAV.analyze_data
Open slide detailLoop · Logic Chain
11
The slide uses a hierarchical list structure to detail specific actions taken under each strategic pillar.propose_solution
15
The chart highlights the correlation between corporate events (fee amendments, IPO roadshow, IPO withdrawal) and the discount to NAV.analyze_data
16
The slide uses a chronological narrative to frame the investment history and justify the activist intervention.establish_context
18
The slide details the transition of HHH into a holding company managed by Pershing Square leadership.propose_solution
21
The chart uses a dashed vertical line to visually separate the primary subject (PSH NAV) from the benchmark indices.analyze_data
22
Includes an embedded screenshot of a 2018 investor presentation slide to highlight a strategic pivot point.analyze_data
23
The slide uses a paper-texture background for the list and a grid of icons for the summary.summarize
24
The chart uses a dashed line to visually separate the primary subject (PSH) from the benchmark indices.compare_peers
25
The table distinguishes between PSLP (unlevered) and PSH (modestly levered) fee structures and performance periods.compare_peers
26
The chart highlights the significant outperformance of PSLP/PSH since firm inception in 2004.compare_peers
27
The table lists specific contributors with performance above 50 basis points, with smaller positions aggregated.analyze_data
29
The table breaks down AUM into Total and Equity, and Insider Capital into Total and % of Equity for three specific funds.analyze_data
32
The chart illustrates market concentration by showing the divergence between cap-weighted and equal-weighted indices.compare_peers
Open slide detailBeat · Market Size
33
The slide uses a callout circle to emphasize the 12% spread in 2023 and 2024.diagnose_problem
Open slide detailBeat · Market Size
34
The chart highlights a significant upward trend in market concentration, peaking at 39% in 2024.analyze_data
Open slide detailBeat · Market Size
35
The chart highlights the valuation premium of the top 10 stocks relative to the rest of the index.compare_peers
Open slide detailBeat · Market Size
36
The chart highlights the crossing of the 50% threshold in recent years.establish_context
Open slide detailBeat · Market Size
40
The chart uses a stacked bar approach to show return attribution. The bottom section includes a memo row for current NTM P/E multiples.analyze_data
Open slide detailBeat · Market Size
42
The chart includes tenure in years for each employee and indicates new hires joining in early 2025.other
45
This slide serves as a summary of the investment case for UMG, likely from a Pershing Square activist presentation.summarize
46
The chart uses callouts to correlate specific market events (Spotify/YouTube pricing, UMG corporate actions) with share price movements.illustrate_case
47
This is a classic activist investor thesis slide summarizing the bull case for a portfolio company.summarize
48
The slide uses a timeline-annotated line chart to contextualize stock performance against specific company milestones.analyze_data
49
The slide uses a structured list format to present the investment thesis, focusing on business quality, growth, and valuation.summarize
50
The chart uses callouts to correlate specific corporate milestones with share price movements.analyze_data
51
This slide uses a structured list format to present key investment pillars.summarize
52
The slide uses a comparison table to highlight a valuation gap between QSR and its primary competitors.compare_peers
53
The chart uses callout boxes to link specific dates to corporate milestones (acquisitions and leadership changes).summarize
54
This slide serves as a summary of the investment thesis for Chipotle, highlighting both historical performance and future growth drivers.summarize
55
The chart uses callouts to link specific historical events to share price movements.illustrate_case
56
This slide serves as a high-level thesis summary for an activist investor presentation.summarize
57
The slide justifies a specific financial instrument strategy (derivatives) as a way to maintain exposure while freeing up capital and avoiding 13-F disclosure.summarize
58
The chart highlights the negative impact of specific earnings reports and guidance changes on the stock price.diagnose_problem
59
The slide uses a structured list format to highlight key performance indicators and strategic outlooks.summarize
60
The slide highlights the growth of HLT stock relative to an initial cost basis of $73.illustrate_case
62
The slide uses a line chart with callout boxes to correlate specific corporate milestones with share price movements.illustrate_case
64
The chart uses a timeline-based annotation style to correlate stock price movements with specific events.analyze_data
65
The slide uses a combination of bulleted lists and callout boxes to present a political and financial argument for GSE privatization.summarize
66
The chart uses a timeline-based annotation style to correlate market volatility with specific litigation and election events.analyze_data
67
Includes a specific callout box at the bottom summarizing the investment thesis.summarize
69
The chart uses a combination of bar segments (EBITDA and SBC) and a line for margins, with a dashed box for the long-term target.quantify_opportunity
70
The slide highlights a disconnect between market price and fundamental earnings growth.expose_contradiction