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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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      "text": "Positioned to grow EPS largely independent of market conditions: Idiosyncratic revenue opportunities driving share gains; Self-help initiatives catalyzing operating margin expansion; Buybacks representing ~8% of current market capitalization planned for 2022",
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      "text": "Multi-year business transformation with substantial earnings upside: Margin target of 13% has substantial upside; Home Depot at ~15.3% and increasing; Potential to generate high-teens EPS growth over the next several years",
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      "text": "Supportive macroeconomic backdrop: Aging housing stock, lack of new inventory, robust home equity values, and unprecedented pro project backlog; COVID-19 causing millennials to enter the housing market",
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