PSUS (Pershing Square USA, Ltd.) is a recent IPO.
It began trading on April 29, 2026, giving it under six months of public history. Many charts and metrics below are sparse or empty until more price, financial, and analyst history accumulates — the affected sections are flagged individually so you can tell limited history from missing data.


Bill Ackman's Pershing Square hedge fund has averaged a 20% annual return since 2004. His Pershing Square portfolio is highly concentrated.

Privately owned pre-IPO companies have historically only been available to larger, accredited institutional investors. SpaceX's recent graduation from a private company to a publicly traded one, however, has pushed a particular investor frustration to a turning point.

Ackman has created two new sources of capital to invest in for Pershing Square. He exited several positions last quarter and used the proceeds to invest in new opportunities.

The next fund from Pershing Square could be complementary to its current options.

Pershing Square USA disclosed a 3.15 million-share Netflix position, about 4.9% of its portfolio as of June 30. The firm sold its previous Netflix stake in April 2022 at a loss of more than $400 million.

Bill Ackman just made his boldest portfolio move in years, adding Mastercard to his biggest funds at a moment when the stock is quietly losing ground to the broader market. Whether that gap makes it a bargain or a warning sign depends on what you believe about the future of payments.

Pershing Square Inc. released its first public earnings report. Fee-based growth is strong, but the stock looks overvalued above $40. PS's core funds - PSH, PSUS, and HHH - employ a high-growth, large-cap equity strategy largely in tech and real estate, with recent additions in financials. PSUS now merits a Buy rating due to its quality portfolio and 22% NAV discount.

Pershing Square USA, Ltd. (NYSE: PSUS) today released its Semi-Annual Report which includes the Investment Manager's quarterly portfolio review. The report is no