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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2021-02-18 00:00:00",
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  "density": "balanced",
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  "notes": "The chart uses a red dashed box to emphasize the 'Down Months' performance gap.",
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      "kind": "chart",
      "text": "Grouped bar chart showing returns for PSLP/PSH and S&P 500 across three categories: Average Monthly Return, Average Return in Up Months, and Average Return in Down Months.",
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      "kind": "disclaimer",
      "text": "Note: 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": "PSLP / PSH (dark blue) vs S&P 500 (grey)",
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      "kind": "metric",
      "text": "Average Monthly Net Returns: (1.8%)",
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      "kind": "title",
      "text": "Pershing Square's Strategy Has Proven to be Defensive in Down Markets",
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      "kind": "title",
      "text": "PSLP / PSH Average Monthly Net Returns vs. S&P 500 through December 31, 2020",
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