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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2017-01-26 00:00:00",
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  "notes": "The chart highlights specific dates (2/3/16, 6/30/16, 8/29/16) and their corresponding impact or context on the stock price.",
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      "kind": "callout",
      "text": "MDLZ’s share price including dividends was approximately flat in 2016*",
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      "kind": "chart",
      "text": "MDLZ share price performance from 1/1/2016 to 12/31/2016",
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      "text": "stock price: $44",
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      "text": "Note: The performance of Mondelez’s share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Return includes dividends. Source: Bloomberg.",
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      "text": "MDLZ: Share Price Performance in 2016",
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      "evidence": "The document provides a comprehensive update on the fund's current portfolio, highlighting progress and positive returns.",
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      "evidence": "The document presents a clear before-and-after comparison of Mondelēz International's margins.",
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      "objective": "Highlight the progress made by Mondelēz International in boosting margins.",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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