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      "text": "2021 was another strong year for the funds driven by new investments, existing portfolio holdings, and our hedging strategy",
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      "text": "Purchased 10% of Universal Music Group (“UMG”) for $4 billion(1) prior to its separation from Vivendi\nContinued to seek merger partner for Pershing Square Tontine Holdings (“PSTH”)\nFiled initial registration statement for Pershing Square SPARC Holdings (“SPARC”)\nInvested in Domino’s Pizza and an undisclosed new position\nMonetized highly successful investments in Agilent and Starbucks\nInitiated an interest rate hedge in late 2020 and early 2021",
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