{
  "docId": "019de077-8089-70a8-af4b-7abc3eaa282b",
  "docSlug": "38b666bcb7607dce4178f9a0f3665606",
  "documentTitle": "Pershing Square | Investor Presentation Deck | 75 slides",
  "authorId": "pershing-square",
  "authorName": "Pershing Square Holdings",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2025-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 33,
  "pageCount": 75,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "key_takeaways",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "Includes a callout circle around the 2023 and 2024 data points.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-8089-70a8-af4b-7abc3eaa282b/33",
  "deckHref": "/decks/019de077-8089-70a8-af4b-7abc3eaa282b",
  "deckJsonHref": "/decks/019de077-8089-70a8-af4b-7abc3eaa282b.json",
  "deckAnchorHref": "/decks/019de077-8089-70a8-af4b-7abc3eaa282b#slide-33",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.92,
        "x": 0.04,
        "y": 0.00185
      },
      "kind": "callout",
      "text": "The S&P 500 Equal Weight Index has closely tracked the S&P 500 Index over time, but has significantly underperformed in the last two years as a handful of mega-cap technology stocks has driven outsized returns",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "54331538-0946-4a18-a804-911353ea85a4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.85,
        "x": 0.08,
        "y": 0.0043
      },
      "kind": "chart",
      "text": "Spread Between S&P 500 Index and S&P 500 Equal Weight Index Return (2013 to 2024)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2316d445-314a-4773-ae4a-405fc5a4f0b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Bloomberg, S&P Global. Note: All index returns include dividend reinvestment.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "155926ca-e27f-4087-9e27-a5240cd97612",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.2,
        "x": 0.15,
        "y": 0.0045
      },
      "kind": "table",
      "text": "Annualized Average Spread: 2013-2022 0%, 2023-2024 12%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75234340-321e-4037-b192-067f7f27b9b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Recent Performance Spread is a Historical Outlier",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15102a24-68d8-41fc-a1e0-2fdfc50b510a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "8950b1b9-8d21-4e48-b92c-20b7cb4b8278",
      "evidence": "Spread Between S&P 500 Index and S&P 500 Equal Weight Index Return (2013 to 2024)",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}