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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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  "notes": "The slide highlights the performance of the Pershing Square investment in SBUX, specifically noting the re-entry point in March 2020.",
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      "kind": "callout",
      "text": "SBUX's share price including dividends increased 80% from our average cost at re-establishment of the position in March 2020 to December 31, 2020 and decreased 1% year-to-date in 2021",
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      "text": "SBUX share price performance from 7/13/2018 to 2/16/2021",
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      "text": "share price: 80%",
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      "text": "Note: The performance of SBUX's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date of our re-established position in March 2020. Please see the additional disclaimers to performance results at the end of the presentation. (1) As of 2/16/2021.",
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      "text": "SBUX Share Price Performance Since Inception",
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