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  "documentTitle": "Pershing Square Portfolio (multiple positions)",
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  "authorName": "Pershing Square",
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  "presentationDate": "2015-04-28 00:00:00",
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      "kind": "callout",
      "text": "Beginning in January 2015 we were free to acquire Valeant shares",
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      "text": "We bought our shares with the confidence of: Our extensive initial research of the company; The validation of our work over the following year; Increased conviction in management, following our 10-month Allergan partnership",
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      "text": "We bought our first shares at ~$161 share on February 9th, 2015; Today, we own 5.7% of Valeant, at an average cost of ~$196",
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      "text": "ownership percentage: 5.7%",
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      "kind": "title",
      "text": "Pershing Square's Investment in Valeant",
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