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Pershing Square Holdings (PSH)
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Big boy
Posted: 24 January 2022 17:04:54(UTC)
#120

Joined: 20/01/2015(UTC)
Posts: 6,679
Bulldog Drummond;204297 wrote:
Mr GL;204291 wrote:


dont you have something better to do....

Yes, just heading off now to meet a friend for a long lunch.



Have you got back to the office yet????
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Bardolph
Posted: 24 January 2022 19:50:00(UTC)
#122

Joined: 08/06/2020(UTC)
Posts: 375
Alanis M;204947 wrote:
Down over 5% today. Why?!? I am struggling to understand

As UMG goes, so goes PSH at the moment.
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Jim99
Posted: 25 January 2022 19:17:28(UTC)
#124

Joined: 06/08/2014(UTC)
Posts: 80

Thanks: 56 times
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I must say that I am disappointed with the performance of the underlying holdings.

Not sure whether these figues are upto date but what I have is:

Stock, % of equity holdings, YTD performance

UMG 29% -15%
Dominos 7% -18%
Howard Hughes 9% -11%
Rest. Brands 12% -9%
Hilton WW 13% -12%
Lowes 17% -11%
Chipotle 12% -15%
Fannie Mae 1% -9%

ALL 100% -13%

Assuming the above counts for about 75% of the assets, the rest being cash/hedging at the current price this would suggest the discount to NA value is about 37-39%.

All very rough and ready and you never quite know what is going on with this company, but I had expected the equity holdings to do better.
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6 users thanked Jim99 for this post.
Bardolph on 25/01/2022(UTC), Guest on 25/01/2022(UTC), Mr GL on 25/01/2022(UTC), Big boy on 25/01/2022(UTC), lindsay Morrison2 on 25/01/2022(UTC), Fig Lee on 26/01/2022(UTC)
Bardolph
Posted: 25 January 2022 22:06:55(UTC)
#125

Joined: 08/06/2020(UTC)
Posts: 375
Jim99;205299 wrote:
[...]
All very rough and ready and you never quite know what is going on with this company, but I had expected the equity holdings to do better.

Mainly cyclical companies but little energy or financials. So not flavour of the month while the market is digesting the possibility of rate rises + quantitative tightening + war in Europe + persistent inflation + falling growth. But it's the biggest bargain on my radar at the moment and I plan to add to my 10% allocation at some point.
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3 users thanked Bardolph for this post.
Big boy on 25/01/2022(UTC), lindsay Morrison2 on 25/01/2022(UTC), Mr GL on 26/01/2022(UTC)
Andy JR
Posted: 26 January 2022 22:14:58(UTC)
#126

Joined: 10/06/2019(UTC)
Posts: 301

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Reported on Bloomberg PSH bought 3.1million Netflix shares.
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4 users thanked Andy JR for this post.
Bardolph on 26/01/2022(UTC), Big boy on 26/01/2022(UTC), Mr GL on 26/01/2022(UTC), Robin on 27/01/2022(UTC)
Gary J
Posted: 26 January 2022 22:15:17(UTC)
#127

Joined: 22/02/2020(UTC)
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5 users thanked Gary J for this post.
Bardolph on 26/01/2022(UTC), Big boy on 26/01/2022(UTC), Mr GL on 26/01/2022(UTC), Robin on 26/01/2022(UTC), Fig Lee on 26/01/2022(UTC)
Mr GL
Posted: 26 January 2022 22:37:11(UTC)
#128

Joined: 18/10/2020(UTC)
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Gary J;205541 wrote:



here's a working link

https://assets.pershings...nvestors-01-26-2022.pdf
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3 users thanked Mr GL for this post.
Robin on 27/01/2022(UTC), Raj K on 27/01/2022(UTC), Sheerman on 27/01/2022(UTC)
Mr GL
Posted: 27 January 2022 07:41:52(UTC)
#129

Joined: 18/10/2020(UTC)
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https://www.zerohedge.co...-massive-treasury-short


Ackman Buys 3.1 Million Netflix Shares With $1.25 Billion Profit From Massive Treasury Short
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1 user thanked Mr GL for this post.
Robin on 27/01/2022(UTC)
Raj K
Posted: 27 January 2022 07:43:25(UTC)
#130

Joined: 22/04/2016(UTC)
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25 percent discount as per yesterdays NAV update

Edit, this morning share price decline, buy at 26.00 means it’s 28 percent.
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2 users thanked Raj K for this post.
Big boy on 27/01/2022(UTC), Mr GL on 27/01/2022(UTC)
Mr GL
Posted: 27 January 2022 11:05:19(UTC)
#131

Joined: 18/10/2020(UTC)
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PERSHING SQUARE HOLDINGS, LTD. RELEASES REGULAR WEEKLY NET ASSET VALUE AND YEAR-TO-DATE RETURN AS OF 25 JANUARY 2022

Thu 27 Jan 2022 07:00
The NAV and returns were computed as of the close of business on Tuesday, 25 January 2022.
PSH NAV per share as of close of business on 25 January 2022 was 49.36 USD / 36.54 GBP and year-to-date performance was -13.8%.

Pretty sh1t YTD - discount using 2645 is 27.6%....

performance is poor... the direction of NAV is unhelpful... the purchase of Netflix may help... not sure what other clever hedges that have in place... but its a very wide discount... hopefully just cos it went up last year I am not falling foul of being a twat myself for sticking and adding today..

I added 2% today - replacing some I sold over last couple of weeks...
Pershing Square PSH Global Hedge Fund 5.5%
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2 users thanked Mr GL for this post.
Sheerman on 27/01/2022(UTC), Big boy on 27/01/2022(UTC)
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