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  "docSlug": "ec290ad54e91",
  "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": "2019-02-13 00:00:00",
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  "pageNumber": 13,
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  "notes": "The slide highlights PSH's alpha generation in basis points (bps) relative to the S&P 500.",
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      "kind": "callout",
      "text": "PSH Outperformance vs. S&P 500 in 2018 and YTD 2019 (2/12/2019)",
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      "text": "Bar chart showing 375 bps outperformance in 2018 and 1,500 bps in YTD 2019",
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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: 1,500 bps",
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      "kind": "title",
      "text": "Substantial Outperformance in a Volatile Market",
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