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Pershing Square Holdings (PSH)
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Rookie Investor
Posted: 11 October 2024 10:10:55(UTC)
#504

Joined: 09/12/2020(UTC)
Posts: 2,084

Thanks: 1342 times
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The 13F records show average buy price for Nike was $84.68 as of Q2 end (assuming it is accurate). The stock dropped on the last day of Q2 so I imagine they bought some at least on that drop and the rest prior (hence the fall in NAV due to it).

Anyway it was small position back then and I imagine they built it up during the lows in the summer.

It will be interesting to understand why they bought. The numbers look good for Nike, with the main issue being growth in revenues in recent 1-2 years. I do not see a huge downside at current levels, based on their brand and wide reach. But sportswear/apparel/shoes has a lot of competition. Nike is the number 1 brand though for shoe wear.
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2 users thanked Rookie Investor for this post.
ravedeath on 11/10/2024(UTC), Raj K on 11/10/2024(UTC)
Big boy
Posted: 11 October 2024 10:54:38(UTC)
#505

Joined: 20/01/2015(UTC)
Posts: 6,679
Rookie Investor;321925 wrote:
The 13F records show average buy price for Nike was $84.68 as of Q2 end (assuming it is accurate). The stock dropped on the last day of Q2 so I imagine they bought some at least on that drop and the rest prior (hence the fall in NAV due to it).

Anyway it was small position back then and I imagine they built it up during the lows in the summer.

It will be interesting to understand why they bought. The numbers look good for Nike, with the main issue being growth in revenues in recent 1-2 years. I do not see a huge downside at current levels, based on their brand and wide reach. But sportswear/apparel/shoes has a lot of competition. Nike is the number 1 brand though for shoe wear.


I suspect they bought them because they were undervalued and as a term investment they hope to make money...good enough for me and not sure it helps any of us going into great detail.
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Alanis M
Posted: 01 November 2024 08:49:52(UTC)
#506

Joined: 26/02/2018(UTC)
Posts: 81
Gosh it keeps sliding, what's going on? Is it concern about Bill leaving to join a DJT administration?
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Big boy
Posted: 01 November 2024 09:13:05(UTC)
#507

Joined: 20/01/2015(UTC)
Posts: 6,679
Alanis M;324179 wrote:
Gosh it keeps sliding, what's going on? Is it concern about Bill leaving to join a DJT administration?


Stocks go up and they go down.

Based on to-days figures PSH are still a strong Hold and are moving close to being overweight due to the
market undervaluing the shares.
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1 user thanked Big boy for this post.
Alanis M on 01/11/2024(UTC)
Mr GL
Posted: 07 November 2024 07:59:42(UTC)
#508

Joined: 18/10/2020(UTC)
Posts: 5,127

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Using 3562p SP at close last night the SP is down tiny year to date... the discount is 31.5%... and Bill Ackman has been all over twitter helping Trump into the White House along with his mate Elon Musk...

the NAV below is before the moves in US markets post Trump's win...

I added yesterday and have 5.0% Pershing Sq PSH




Thu 07 Nov 2024 07:00

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://pershingsquareho...set-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 5 November 2024.
PSH NAV per share as of close of business on 5 November 2024 was 67.75 USD / 52.01 GBP and year-to-date performance was 4.8%.
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7 users thanked Mr GL for this post.
Johan De Silva on 07/11/2024(UTC), Raj K on 07/11/2024(UTC), Phil 2 on 07/11/2024(UTC), Guest on 07/11/2024(UTC), Sheerman on 07/11/2024(UTC), Newbie on 07/11/2024(UTC), lindsay Morrison2 on 07/11/2024(UTC)
Raj K
Posted: 07 November 2024 08:09:43(UTC)
#509

Joined: 22/04/2016(UTC)
Posts: 2,819
No that hes got his best friend into the Whitehouse hope he just forgets tweeting and trying to be a politician and focus on investing.
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Johan De Silva
Posted: 07 November 2024 08:15:06(UTC)
#510

Joined: 22/07/2019(UTC)
Posts: 4,414
Agreed. I have added to my ISA to compliment my longer term position in the SIPP.

This is the potentially the biggest lagging trump trade in the listed large cap sector.

Raj K;324892 wrote:
No that hes got his best friend into the Whitehouse hope he just forgets tweeting and trying to be a politician and focus on investing.


All the PR he gets should help close the discount. Thats a chunky discount.

Apparently the actual investment credit goes to his team.
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Rookie Investor
Posted: 07 November 2024 10:42:59(UTC)
#511

Joined: 09/12/2020(UTC)
Posts: 2,084

Thanks: 1342 times
Was thanked: 3630 time(s) in 1415 post(s)
Johan De Silva;324893 wrote:
Agreed. I have added to my ISA to compliment my longer term position in the SIPP.

This is the potentially the biggest lagging trump trade in the listed large cap sector.

Raj K;324892 wrote:
No that hes got his best friend into the Whitehouse hope he just forgets tweeting and trying to be a politician and focus on investing.


All the PR he gets should help close the discount. Thats a chunky discount.

Apparently the actual investment credit goes to his team.


Compliment like a complimentary breakfast at a hotel or complimentary bag of peanuts on a flight?

Why would it compliment have two of the same positions in different investment accounts? Sounds cringe like people saying they are nibbling this or that share.
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Johan De Silva
Posted: 07 November 2024 11:38:47(UTC)
#512

Joined: 22/07/2019(UTC)
Posts: 4,414
Rookie Investor;324906 wrote:

Compliment like a complimentary breakfast at a hotel or complimentary bag of peanuts on a flight?

Why would it compliment have two of the same positions in different investment accounts? Sounds cringe like people saying they are nibbling this or that share.


Two strategies based on time scales, but like a venn diagram there is overlap. What I should have wrote is that an investment here has both long term and mid-term benefits.
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CPCC
Posted: 07 November 2024 18:03:19(UTC)
#513

Joined: 30/06/2019(UTC)
Posts: 102
Amazing that a IT can trade on a 30% discount when majority / near all of its holdings are of publicly listed companies.
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