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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "notes": "Includes performance data from 2004-2017 for L.P. and 2013-2017 for Holdings.",
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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": "Gross Returns",
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      "text": "Note: Because of a change in reporting methodology, HKD call options are included in short attributions from 2010 through 2014 and are included in long attribution for 2015 and 2016. The Allergan litigation reserve taken in 2016 and 2017 reduced the Long Attribution percentage in those years for both Pershing Square, L.P. and Pershing Square Holdings, Ltd. by 0.6% and 1.3%, respectively.",
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      "text": "Long and Short Attribution (Gross Returns)",
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