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  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2026-02-11 00:00:00",
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      "text": "Note: Positions with contributions to performance of 50 basis points or more are listed above separately, while positions with contributions to performance of less than 50 basis points are aggregated. Past performance is not a guarantee of future results.",
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      "text": "Gross Return: 26.5%",
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      "text": "Alphabet 10.3%, Fannie Mae 5.8%, Freddie Mac 5.0%, Brookfield 3.5%, Uber 2.7%, Amazon 2.4%, Hilton 1.0%, UMG 0.7%, Meta 0.7%, RBI 0.5%, Buybacks 1.2%, Other 0.6%",
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      "text": "Total Contributors 34.4%",
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      "text": "Total PSH Returns: Gross 26.5%, Net 20.9%",
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      "text": "2025 Contributors",
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