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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "William Ackman",
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      "text": "Our ability to access low-cost, investment grade, long-term debt is an important competitive advantage for PSH",
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      "text": "Laddered maturities from 2027 to 2039 are well matched with PSH's long-term investment horizon; Weighted-average maturity of 8 years; weighted-average cost of capital of 3.08%",
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      "text": "(1) Total Assets is defined as Net Asset Value plus Total Debt as of 12/31/2023.",
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