Pershing Square

PS

Market cap $13.8B

It's been a month since Pershing Square USA (NYSE:PSUS) and Pershing Square (NYSE:PS), the new plays led by star hedge fund manager Bill Ackman, went live on the public markets.

The billionaire's largest fund is off 10% and his new fund is trading 20% below its April IPO price.

Universal Music Group (AEX:UMG) shares fell on Thursday after Bill Ackman's Pershing Square Capital Management sold its remaining holding in the music company, bringing an end to a five-year investment. According to media reports, Pershing Square sold approximately 80.6 million UMG shares through a private placement at €17.66 per share, representing roughly an 8% discount to Wednesday's closing price.

HILVERSUM, The Netherlands, June 4, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced that it has repurchased 14,156,285 of its ordinary shares as part of the disposition of the entire position owned by various Pershing Square funds.

Bill Ackman is set to make hundreds of millions of dollars on his investment in Universal Music Group despite two unsuccessful attempts to clinch deals with the company.

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced that beginning with the second quarter 2026, Pershing Square Inc. (NYSE:PS), the parent company of PSH's Investment Manager, will increase the frequency and depth of its investor communications. Each quarter, Pershing Square Inc. will release its financial results and host an earnings webcast and conference call with analysts. Concurrently with the release of Pershing Square Inc.'s results, PSH will publi.

NEW YORK--(BUSINESS WIRE)--Pershing Square Inc. (NYSE:PS) (“Pershing Square” or the “Company”) today announced its quarterly investor communications format. Following each fiscal quarter, beginning with the second quarter of 2026, on the same day, Pershing Square plans to: Earnings Release. Pershing Square plans to release its quarterly financial results before the opening of trading on the New York Stock Exchange. A portfolio company review will also be published concurrently with the publicat.

NEW YORK--(BUSINESS WIRE)--Pershing Square USA, Ltd. (NYSE:PSUS) (“PSUS” or the “Company”) today announced that beginning with the second quarter 2026, Pershing Square Inc. (NYSE:PS), the parent company of PSUS's Investment Manager, will release its financial results and host an earnings webcast and conference call with analysts. Concurrently with the release of Pershing Square Inc.'s results, PSUS will publish a quarterly portfolio review. Immediately following the Pershing Square Inc. earning.

NEW YORK--(BUSINESS WIRE)--The Pershing Square Foundation (the “Foundation”) today announced $6 million in funding to support eight pioneering scientists advancing innovative ovarian cancer research across the United States. For more than a decade, the Foundation has advanced transformative cancer research through the Pershing Square Sohn Cancer Research Alliance (“PSSCRA”). Building on its longstanding commitment to cancer research and women's health, the Foundation is now in the second year o.

Pershing Square Inc. offers a stable, fee-generating business model anchored by 96% permanent capital and a strong brand around Bill Ackman. PS is positioned as a scalable, cash-generative platform, benefiting from new funds like PSUS and additional fee streams such as Howard Hughes. Valuation upside is driven by the potential to launch new permanent capital funds, with a re-rate case suggesting 25–39% share price appreciation from current levels.