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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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      "text": "Since we began accumulating our positions in October 2013, Fannie Mae and Freddie Mac share prices have increased 84% and 86%, respectively.",
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      "text": "Since we began accumulating our positions in October 2013, Fannie Mae and Freddie Mac share prices have increased 84% and 86%, respectively. From our average cost basis prior to the position being made public, Fannie Mae and Freddie Mac share prices have increased 20% and 22%, respectively",
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      "text": "Note: The performance of Fannie Mae and Freddie Mac's share price is provided for illustrative purposes only and is not an indication of PSH's future returns. Source: Bloomberg.",
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