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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 tracks two lines: APD (green) and APD + VSM (blue), illustrating the value creation including the Versum spinoff.",
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      "kind": "callout",
      "text": "APD’s share price including dividends and the spinoff of Versum increased by 76% from our average cost at announcement date to January 20, 2017",
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      "text": "Stock price performance of APD from 5/22/2013 to 1/20/2017",
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      "text": "share price: 76%",
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      "text": "Note: The performance of APD's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. Source: Bloomberg.",
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      "text": "APD: Share Price Performance Since Inception",
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