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Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short) · page 22 of 104

Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short) · slide 22

Activist deck · key_messages · summarize · balanced density

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List presentation slide · 90%

list/bullet: Secular winner in global packaged foods: Well-aligned with consumer trends of eating more frequent, smaller meals and convenience
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