PSUS - Pershing Square USA, Ltd.
Printed from CEF Radar (cefradar.com). Source: public filings at the U.S. Securities and Exchange Commission. Last checked: Nov 2, 2026, 12:34 a.m. New York time.
A closed-end fund run by Pershing Square. Invests in a mix of shares and bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Yes - one large investor holds a stake, but it has not asked for changes.
- Teacher Retirement System of Texas owns 10.3% as a passive investor. On file since May 6, 2026.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
-
May 7, 2026
Pershing Square now owns 100% of the fund's preferred shares, not the common shares most holders own.
Original document → -
May 6, 2026
Teacher Retirement System of Texas now owns 10.3%, as a passive investor.
Original document → -
April 24, 2026
The fund said it may sell new shares.
Original document → -
April 20, 2026
The fund said it may sell new shares.
Original document → -
April 13, 2026
The fund said it may sell new shares.
Original document →
Show all 6 events
-
March 10, 2026
The fund said it may sell new shares.
Original document →
About this fund
The fund has not yet filed its first yearly report to the regulator.
- Run by Pershing Square.
- Size: about $4.59 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 4% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 28% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did: down 8.2% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- First reported to the regulator in 2023.
What the fund holds
Mostly shares (52%), the rest cash and short-term holdings. About 93% issued in the U.S.
- Cash and short-term - 50%
- Amazon.com - 8.3%
- Visa - 5.6%
- Mastercard - 5.5%
- S&P Global - 5.1%
- Uber Technologies - 4.9%
- Netflix - 4.9%
- Meta Platforms - 4.6%
- Brookfield - 4.5%
- Microsoft - 4.5%
Show all 13
- Restaurant Brands International - 2.9%
- Federal National Mortgage Association - 1.7%
- Federal Home Loan Mortgage - 1.2%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| May 7, 2026 | Pershing Square | 100% of the preferred shares | About the preferred shares |
| May 6, 2026 | Teacher Retirement System of Texas | 10.3% | Passive investor |
| Date | What | Deadline | Document |
|---|---|---|---|
| April 24, 2026 | May sell new shares | none | Original document → |
| April 20, 2026 | May sell new shares | none | Original document → |
| April 13, 2026 | May sell new shares | none | Original document → |
| March 10, 2026 | May sell new shares | none | Original document → |
- Run by
- Pershing Square
- Fund family
- Pershing Square
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-23932
- Number of holdings
- 20
See this fund's page at the SEC →
Email me when something new is filed for PSUS
Free. One email when a large investor files a notice, or when the fund announces a buy-back, a vote or a closing - usually within a day. No password. Most funds announce payout changes on their own website, where we do not look.