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The diagram uses a central triangle to represent the entity, with arrows indicating capital inflows from public and private sources.Pershing Square Portfolio (multi-position annual update) · Pershing Square Capital Management
Activist deck Activist investor Beat · Desire5 hits
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The diagram uses a central triangle to represent the entity, with arrows indicating capital inflows from IPO, private phase rollovers, and management investments.Pershing Square Portfolio (multiple positions) · Pershing Square
Activist deck Activist investor Beat · Ultimate Achievement5 hits
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Pershing Square Holdings Portfolio (multi-position) (PSH)Pershing Square Holdings Portfolio (multi-position) (PSH) · William Ackman
Activist deck Activist investor 5 hits
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This is a page from a shareholder letter, specifically detailing capital allocation decisions and investment philosophy regarding asymmetric hedges.Netflix, Inc. (NFLX) · William A. Ackman
Shareholder letter Activist investor Beat · Evidence5 hits
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Slide 1
The slide is a transcript of video footage containing personal accounts of financial loss.Herbalife, Ltd. (HLF) · 01_Pershing_Square
Other Activist investor Beat · Hook5 hits
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This is a highly controversial research note from a short-seller firm.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Problem & Complication5 hits
12
The slide uses a confrontational tone to frame the company's business decisions as unethical, citing external experts and the CEO's own statements.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Evidence & Proof5 hits
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This is a short-seller research report page using anecdotal evidence from TripAdvisor and Reddit to support a negative thesis.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Impact & Next Steps5 hits
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This is a formal legal opinion/commentary document.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Impact & Next Steps5 hits
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This is a text-heavy legal document page, likely part of a research report by Grizzly Research.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Impact & Next Steps5 hits
47
Legal analysis document page 8.Accor SA (AC) · Grizzly Research
Research note Short seller Beat · Return with Elixir5 hits
227
This is a screenshot of an email thread, not a formal research slide.Accor SA (AC) · Grizzly Research
Research note Short seller 5 hits
116
The slide uses highlighting and underlining to draw attention to specific claims made by the CFO regarding the FTC's stance on self-consumption.Herbalife, Ltd. (HLF) · William Ackman
Activist deck Activist investor Beat · Expose ContradictionLoop · Logic Chain5 hits
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Slide 1
This is the first page of a formal shareholder letter/proposal.Howard Hughes Holdings Inc. (HHH) · William A. Ackman
Shareholder letter Activist investor Beat · Situation & Context5 hits
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This is a research note from Pershing Square Capital Management regarding Herbalife.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Problem & Complication5 hits
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This is a page from a Pershing Square research note criticizing Herbalife's business model.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Preempt Rebuttal5 hits
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The slide uses legal precedent (In re Koscot Interplanetary, Inc.) to define market saturation as a key indicator of a pyramid scheme.Herbalife, Ltd. (HLF) · Pershing Square Capital Management
Research note Activist investor Beat · Evidence5 hits
01
Slide 1
Valeant Pharmaceuticals International (VRX)Valeant Pharmaceuticals International (VRX) · Pershing Square Holdings
Press release Activist investor 5 hits
146
This appears to be a page from a government or central bank policy document regarding currency pegging.Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD) · Pershing Square Capital Management
Conference presentation Activist investor 5 hits
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This appears to be a page from a formal government or policy document, likely related to the Hong Kong Exchange Fund.Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD) · Pershing Square Capital Management
Conference presentation Activist investor 5 hits
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This appears to be a page from a formal government or central bank memorandum, likely related to the 1983 Hong Kong dollar crisis.Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD) · Pershing Square Capital Management
Conference presentation Activist investor 5 hits
150
This appears to be a page from a government or central bank policy memorandum (likely Hong Kong, circa 1983, regarding the establishment of the linked exchange rate system).Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD) · Pershing Square Capital Management
Conference presentation Activist investor 5 hits
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This is a page from a shareholder letter/report, likely from an activist investor or analyst, critiquing management's performance and communication.Herbalife, Ltd. (HLF) · David Klafter
Shareholder letter Activist investor Beat · Problem & Complication5 hits
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This is a page from a formal letter/report by Pamela Jones Harbour. It uses strong, accusatory language to frame the business model as a pyramid scheme.Herbalife, Ltd. (HLF) · David Klafter
Shareholder letter Activist investor Beat · Problem & Complication5 hits
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This is a page from a formal letter/report, likely part of an activist campaign or regulatory submission.Herbalife, Ltd. (HLF) · David Klafter
Shareholder letter Activist investor Beat · Solution & Approach5 hits
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This is a page from a formal letter/report, likely legal or regulatory in nature, focusing on exposing corporate misconduct.Herbalife, Ltd. (HLF) · David Klafter
Shareholder letter Activist investor Beat · Impact & Next Steps5 hits
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Part of section V: Developing a Response to the Company.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 5 hits
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Slide 1
Valeant Pharmaceuticals International (VRX)Valeant Pharmaceuticals International (VRX) · Pershing Square Holdings
Press release Activist investor Beat · Attention5 hits
01
Slide 1
Valeant Pharmaceuticals International (VRX)Valeant Pharmaceuticals International (VRX) · Pershing Square Holdings
Press release Activist investor Beat · Attention5 hits
07
Includes a bar chart of Americas revenue and a table comparing YoY growth between Americas and Non-USA segments.Sinch AB (SINCH) · Grizzly Research
Research note Short seller Beat · Problem (Identify pain)Loop · Build Up5 hits