{
  "docId": "019dd923-622c-750b-8b9b-ea2e143939b3",
  "docSlug": "e9ea9ff32d50",
  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Holdings",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-02-18 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 31,
  "pageCount": 57,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 24,
  "notes": "The slide highlights the performance of specific investments made between March 12 and April 3, 2020, showing significant returns by February 2021.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-ea2e143939b3/31",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-ea2e143939b3",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-ea2e143939b3.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-ea2e143939b3#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.84,
        "x": 0.08,
        "y": 0.2
      },
      "kind": "callout",
      "text": "Immediate reinvestment of hedging gains allowed us to increase our exposure to high-quality businesses we understood well at deeply discounted prices",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4a0f4a4-25f9-4e19-9c5d-5ae0c621a4ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Cumulative Return: 87%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-5375-7572-b86f-3e5471f81134",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.78,
        "x": 0.11,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "(1) Realized & unrealized value and cumulative return reflect dividends received. (2) Represents various equity purchases during this timeframe that were sold by mid-May.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3aba3a12-aced-4264-b790-7d2bdeb1486b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.52,
        "w": 0.78,
        "x": 0.11,
        "y": 0.3
      },
      "kind": "table",
      "text": "Summary of Reinvested Hedging Gains (3/12/20 – 4/3/2020)",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f71f901b-ae2d-4278-9436-705dcd41efd2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Redeployment of Hedging Gains",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7719d721-0b97-425a-8fd3-35557f46acca",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}