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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "William Ackman",
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      "kind": "disclaimer",
      "text": "Past performance is not necessarily indicative of future results. All investments involve the possibility of profit and the risk of loss, including the loss of principal. Please see the additional disclaimers and notes to performance results at the end of this presentation.",
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      "text": "Net Returns: -13.5%",
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      "text": "2016 Net Returns -13.5% S&P 500 11.9% 2015 Net Returns -20.5% S&P 500 1.4% 2014 Net Returns 40.4% S&P 500 13.7% 2013 Net Returns 9.6% S&P 500 32.4%",
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