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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2021-02-18 00:00:00",
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  "notes": "The table is split into two periods: PSLP (2004-2012) and PSH (2013-2020).",
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      "text": "PSH's 70.2% net return in 2020 is the highest since inception of the strategy and the sixth year with net returns of 39% or more (on average, every third year)",
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      "text": "Data represents returns an investor would have earned by investing in PSLP at its January 1, 2004 inception and converting to PSH at its launch on December 31, 2012. Past performance is not necessarily indicative of future results.",
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      "text": "Compound Annual Return: 16.9%",
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      "text": "Annual performance table comparing S&P 500 and PSLP/PSH returns from 2004-2020",
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      "text": "Pershing Square L.P. (\"PSLP\") / PSH Annual Net Returns",
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