{
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  "docSlug": "76c9a698803d",
  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-04-24 00:00:00",
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  "pageNumber": 24,
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  "density": "balanced",
  "nDataPoints": 10,
  "notes": "The chart uses callout boxes to link specific dates to corporate events, illustrating the impact of activist intervention.",
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      "kind": "callout",
      "text": "APD’s share price including dividends and the spinoff of Versum increased by 67% from our average cost at announcement date to April 18, 2017",
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      "kind": "chart",
      "text": "Stock price performance of APD from 5/22/2013 to 4/18/2017",
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      "text": "share price performance: 67%",
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      "kind": "source-note",
      "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. The Pershing Square funds exited Versum on 12/7/16. Please see the additional disclaimers, including the methodology for calculating average cost, at the end of this presentation. Source: Bloomberg.",
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      "kind": "title",
      "text": "APD: Share Price Performance Since Inception",
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      "beatName": "Desire",
      "beatSlug": "aida-desire",
      "evidence": "Detailed analysis of key portfolio companies, such as Mondelēz International, Restaurant Brands International, and Chipotle, aims to create desire for the investment opportunities.",
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      "evidence": "The 'before-after' comparison demonstrates APD's transformation progress and share price increase.",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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