What smart money is saying about Pershing Square USA, Ltd.
PSUS
No fund has written a full thesis on Pershing Square USA, Ltd. in our archive, but 1 fund letter reports a position in it — most recently Pershing Square in June 2026.
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1
Reported positions
1
Bought
0
Sold
1
Letter
Position history
Every position in Pershing Square USA, Ltd. on record in the archive was reported in Q2 2026, across 1 fund letter — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 1 | 0 | 0 |
Fund activity · 1 position · 1 move
- New positionPershing SquareJune 2026
“Q2 Update The key events of the quarter include the $5 billion IPO of PSUS, the NYSE listing of Pershing Square Inc., the contemporaneous distribution of Pershing Square stock to PSUS anchor and IPO investors, the deployment of PSUS’s capital during and after the quarter in existing holdings of our other funds and in new investments, the continued strong business performance of our portfolio companies, HHH’s acquisition of Vantage and our recruitment of a new Vantage senior leadership team, and the high degree of volatility in our portfolio holdings and new positions, which was helpful in enabling us to efficiently deploy the PSUS funds raised.”
Pershing Square USA, Ltd.
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