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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "William Ackman",
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      "text": "Initiatives we took in 2017 and 2018 to restructure Pershing Square into a smaller, investment-centric organization have created a strong foundation for a stable path forward",
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      "text": "Moved to our new headquarters at 787 11th Avenue in May 2019\nHighly effective and focused team with limited headcount changes",
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      "text": "David Klafter transitioned from the investment team in January 2020 to join Table Management (Bill’s family office)\nMichael Chamberlain assumed the role of assistant trader, replacing Rob Unger, in July 2019\nMary Seo joined our accounting team in July 2019",
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      "text": "Organizational Update",
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