{
  "docId": "019de076-e7c7-736a-89f0-fc0736efce35",
  "docSlug": "3ff26b7f05c53e88376032d80a7d74a5",
  "documentTitle": "Pershing Square | Investor Presentation Deck | 59 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Holdings",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 19,
  "pageCount": 59,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The chart uses a dashed line to visually separate the primary subject (PSH NAV) from the benchmark indices.",
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-e7c7-736a-89f0-fc0736efce35/19",
  "deckHref": "/decks/019de076-e7c7-736a-89f0-fc0736efce35",
  "deckJsonHref": "/decks/019de076-e7c7-736a-89f0-fc0736efce35.json",
  "deckAnchorHref": "/decks/019de076-e7c7-736a-89f0-fc0736efce35#slide-19",
  "components": [
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      "kind": "chart",
      "text": "Bar chart showing PSH NAV at 31.2% vs S&P 500 (15.7%), FTSE 100 (6.7%), MSCI World (13.4%), HFRX Activist Index (12.2%), and HFRX Equity Hedge Index (6.1%)",
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      "kind": "disclaimer",
      "text": "Reflects returns from 12/31/18 through 12/31/23... (1) FTSE 100 index reflects USD-denominated returns... (2) HFRX Equity Hedge Index and HFRX Activist Index are constructed and maintained by Hedge Fund Research, Inc.",
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      "kind": "table",
      "text": "PSH Annual Outperformance: 1,550 bps, 2,450 bps, 1,780 bps, 1,900 bps, 2,510 bps",
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      "kind": "title",
      "text": "Substantial Five-Year Outperformance",
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      "kind": "title",
      "text": "5 Year Compound Annual Return: PSH NAV Net of Fees vs. Indices Total Return in USD",
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  "metrics": [],
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  "frameworks": [],
  "arcBeats": [
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      "beatId": "db8aecf2-2ddb-4f76-b857-88778f358fc1",
      "arcName": "AIDA",
      "arcSlug": "aida",
      "beatName": "Action",
      "beatSlug": "aida-action",
      "evidence": "The performance review, business and organizational update, and portfolio composition encourage investors to take action based on the presented information.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
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  "loops": [
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      "name": "So What Cascade",
      "slug": "41-so-what-cascade",
      "bestFor": "Data presentations, executive summaries, driving to recommendations",
      "matchId": "0c5cfc25-0189-4da4-9811-72db255603b3",
      "evidence": "The deck systematically presents performance metrics, strategic updates, and portfolio composition to build a narrative.",
      "position": 1,
      "objective": "Cascading the implications of PSH's performance and strategic initiatives",
      "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)",
      "confidence": 0.7,
      "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion"
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