{
  "docId": "019dd923-622c-750b-8b9b-b5e2117e169a",
  "docSlug": "ff2d385c560d",
  "documentTitle": "Pershing Square portfolio (multi-holding LP update: MDLZ, VRX, APD, ZTS, CP, QSR, HHC, PAH, FNMA/FMCC, HLF short)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-01-28 00:00:00",
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  "pageNumber": 66,
  "pageCount": 104,
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  "nextPage": 67,
  "slideType": "appendix_data",
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  "density": "sparse",
  "nDataPoints": 1,
  "notes": "The chart illustrates a volatile year for QSR stock, ending at $37.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9b-b5e2117e169a/66",
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  "components": [
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        "y": 0.22
      },
      "kind": "callout",
      "text": "The total return for Restaurant Brands International shares was -3% in 2015",
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        "h": 0.45,
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      },
      "kind": "chart",
      "text": "Stock price performance of QSR/BKW from 1/1/2015 to 12/31/2015",
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      "kind": "source-note",
      "text": "Note: The performance of Restaurant Brands International's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. Source: CapIQ.",
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      "kind": "title",
      "text": "QSR: Share Price Performance in 2015",
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      "name": "Before After",
      "slug": "21-before-after",
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      "matchId": "5f658574-e39b-45f8-a160-fd2d5595f516",
      "evidence": "Before-and-after comparisons for portfolio companies",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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