Is Pershing Square Holdings stock a buy right now?
As of early May 2025, Pershing Square Holdings (LSE: PSH) is trading at approximately 3,618.00 GBX, with an average daily trading volume near 24,320 shares. This robust liquidity, despite being a closed-ended investment fund, affirms steady investor engagement. Although the company posted a net loss of 6.8% in March and modest returns year-to-date, its 5- and 10-year total returns remain highly impressive, at 134.1% and 164.9% respectively. A key event shaping present sentiment is the recent 13% dividend increase, with quarterly payouts now at $0.1646 per share, signalling management’s confidence and commitment to shareholder returns. The shares continue to trade at a notable 31.7% discount to net asset value, offering the potential for upside should this gap narrow. Sector-wide, listed investment funds like PSH are seeing renewed interest as investors seek active managers with a proven track record, such as Bill Ackman’s team. While recent volatility highlights the need for selectivity, current market sentiment remains constructive given the company’s resilient long-term performance and high-quality core holdings. The consensus among over 29 national and international banks places a price target at approximately 4,703 GBX, highlighting PSH’s standing as a uniquely strategic entry point for those seeking both growth and value.
- Consistent outperformance: 134.1% return over five years, exceeding benchmark indices.
- Significant discount to NAV enhances potential value for new investors.
- Renowned management by Bill Ackman and a disciplined, high-conviction strategy.
- Quarterly dividends with recent 13% increase showing reliable cash return to shareholders.
- Strong, focused portfolio of large-cap North American companies across resilient sectors.
- Concentrated portfolio increases risk if several core holdings underperform simultaneously.
- Persistent discount to NAV may take time to close despite strong fundamentals.
- What is Pershing Square Holdings?
- How much is Pershing Square Holdings stock?
- Our full analysis on Pershing Square Holdings </b>stock
- How to buy Pershing Square Holdings stock in United Kingdom?
- Our 7 tips for buying Pershing Square Holdings stock
- The latest news about Pershing Square Holdings
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of Pershing Square Holdings for more than three years. Each month, hundreds of thousands of users across the United Kingdom rely on us to interpret market trends and uncover the most promising investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never received, and will never accept, payment from Pershing Square Holdings.
What is Pershing Square Holdings?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Guernsey | Based in Guernsey, providing certain tax and regulatory advantages for international investors. |
| 💼 Market | London Stock Exchange, Euronext Amsterdam | Dual-listed, allowing liquidity for both UK and European retail investors. |
| 🏛️ ISIN code | GG00BPFJTF46 | Unique identifier for global trading and settlement. |
| 👤 CEO | William A. Ackman (Bill Ackman) | Led by renowned hedge fund manager, driving the fund’s concentrated strategy. |
| 🏢 Market cap | £6.44 billion | Large market capitalisation indicates investor confidence and substantial asset base. |
| 📈 Revenue | Not directly applicable (closed-end fund) | Revenue is not meaningful as performance is based on portfolio returns, not operating income. |
| 💹 EBITDA | Not applicable (investment fund) | EBITDA isn’t reported as operating earnings aren’t relevant; focus is on investment returns. |
| 📊 P/E Ratio (Price/Earnings) | 3.90 | Very low P/E suggests undervaluation but also reflects non-recurring investment gains/losses. |
How much is Pershing Square Holdings stock?
The price of Pershing Square Holdings stock is rising this week. At present, the share trades at 3,618.00 GBX on the London Stock Exchange, up 1.12% over the past 24 hours but down 2.69% over the last week. The company’s market capitalisation stands at £6.44 billion, with an average daily trading volume of around 24,320 shares over the past three months.
| Metric | Value |
|---|---|
| Share Price | 3,618.00 GBX |
| 24h Change | +1.12% |
| 1-Week Change | -2.69% |
| Market Capitalisation | £6.44 billion |
| 3-Month Avg. Volume | 24,320 shares |
| P/E Ratio | 3.90 |
| Dividend Yield | 1.24% |
| Stock Beta | Below major indices |
Pershing Square Holdings currently has a P/E ratio of 3.90, offers a dividend yield of 1.24%, and trades with a stock beta historically below major indices. With the shares trading at a substantial discount to net asset value, investors may find opportunities amid the fund’s higher-than-average volatility.
Compare the best brokers in the UK!Compare brokersOur full analysis on Pershing Square Holdings stock
Having carefully reviewed the latest financial results and multi-year share price evolution of Pershing Square Holdings, along with comprehensive market data, technical signals, and peer comparisons, our proprietary models signal a nuanced but increasingly optimistic picture. The rigorous synthesis of fundamental and technical indicators positions Pershing Square Holdings as a potentially underappreciated asset within the closed-ended investment fund sector. So, why might Pershing Square Holdings stock once again become a strategic entry point into active asset management in 2025?
Recent Performance and Market Context
Pershing Square Holdings (LSE: PSH) enters mid-2025 on a robust footing. The stock currently trades at 3,618 GBX, maintaining an impressive five-year cumulative return of +134.1% and a ten-year advance of +164.9%, far outstripping most listed peers. While recent short-term fluctuations—such as a 6.8% net decline in March 2025—might prompt caution, these should be set against a backdrop of substantial long-term outperformance and a clear upward medium-term trend.
Crucially, PSH remains steadfastly committed to its concentrated, high-conviction investment philosophy, as evidenced by its portfolio of 14 primarily large-cap holdings and a marked focus on quality assets in resilient sectors. The macroeconomic context also favours asset managers capable of delivering differentiated returns: moderating inflation, potential rate cuts from major central banks, and a stabilising global economy have rekindled investor appetite for alternative vehicles, particularly those overseen by renowned managers such as Bill Ackman.
Recent positive events amplify this constructive view. In early 2025, Pershing Square Holdings increased its quarterly dividend by 13%, underlining its confidence in cash generation and ongoing portfolio strength. The closely-followed €650 million senior notes offering, executed at favourable terms, both reinforced the company’s capital base and demonstrated robust investor demand for Pershing Square’s risk-managed approach.
Technical Analysis
From a technical perspective, PSH demonstrates a credible setup for renewed upside. The 50-day moving average currently stands at 3,973 GBX and the 200-day at 3,831 GBX, with the share price oscillating near pivotal support levels. After retracing from the 4,554 GBX highs, the current quote at 3,618 GBX brings the stock close to significant support around 3,500 GBX—a level that historically attracts both institutional and retail buyer interest.
The Relative Strength Index (RSI) at 63.96 signals firm positive momentum, approaching, but not quite piercing, classic overbought thresholds—suggesting there is scope for further technical recovery. While the MACD data is limited, the convergence between the current price, key moving averages, and strong support zones suggests the potential for a bullish reversal. Notably, resistance appears at 3,650-3,700 GBX; a breakout above this could pave the way for a retest of prior highs.
Short- and medium-term momentum remain constructive, with price action stabilising after March’s volatility and the long-term uptrend firmly intact. Given the significant discount to NAV, even modest positive technical triggers could catalyse a sharp rerating.
Fundamental Analysis
The fundamental case for Pershing Square Holdings is compelling and well documented. The company’s price-to-earnings ratio, just 3.90, stands in stark contrast to broader sector averages, signalling that the valuation remains undemanding relative to earnings power. PSH’s NAV per share of $71.28 dwarfs the current market price, yielding a -31.7% discount—greater than nearly all comparable listed investment companies.
Revenue and profitability metrics remain strong, with trailing twelve-month earnings per share at $12.23. The fund’s closed-ended structure allows for patient, unconstrained capital deployment without the redemption risk that can afflict open-ended peers, further enhancing strategic flexibility.
In terms of strategic expansion, Pershing Square continues to concentrate on a select group of high-quality, North American large-cap companies with predictable cash flows and robust balance sheets. With just 14 long positions, Ackman’s high-conviction approach allows the fund to lever deep research into market-beating performance. The five- and ten-year returns are testament to this disciplined style, outpacing benchmarks and underpinning the perception of Pershing Square as a top-quartile exposure in the asset management space.
The strategic decision to raise and successfully place €650 million of senior notes, alongside disciplined additions to the core portfolio and a continued focus on operational efficiency, highlight Pershing Square’s capacity to execute on both financial strength and market opportunity.
- P/E: 3.90—indicative of deep value
- Price/Book: ~0.68—reflecting a pronounced discount to underlying assets
- Dividend yield: 1.24%, newly increased and well covered
These dynamics reinforce the notion that fundamentals justify renewed investor interest and position PSH as a potential cornerstone for those seeking capital appreciation and income.
Volume and Liquidity
Market confidence in Pershing Square Holdings is further reflected in trading volume. With a three-month average daily turnover of approximately 24,320 shares on the LSE, the stock enjoys reliable liquidity for institutional and individual investors alike. Its dual listing on Euronext Amsterdam amplifies price discovery and broadens the available investor base.
Importantly, the sizeable float and consistently tight bid-ask spreads signal sustained market interest and a healthy environment for dynamic valuations. Such liquidity is rare among closed-ended funds trading at this level of discount, meaning that significant reratings are not just plausible—they are achievable in response to catalysts or improving sentiment.
Catalysts and Positive Outlook
- Dividend Growth: The 13% lift in quarterly distributions for 2025 directly rewards shareholders and underscores management confidence in sustainable cash flows.
- Capital Structure Initiatives: The successful senior notes issue—at attractive terms—expands Pershing Square’s financial flexibility, supporting both opportunistic investments and further shareholder returns.
- Upcoming Earnings: The next trading update, scheduled between May 27 and June 2, will likely provide fresh insight into portfolio company performance and offer the potential for a positive surprise.
- Strategic Portfolio Adjustments: Pershing Square’s track record of adding one to three new core positions per year provides a steady pipeline of value-unlocking moves, often before consensus recognises the opportunity.
- Market and Regulatory Tailwinds: A stabilising global economy, expected easing of monetary policy, and renewed enthusiasm for US large-cap equities all support a more favourable backdrop for Pershing Square’s concentrated strategies.
Environmental, Social, and Governance (ESG) considerations are also taking on greater prominence within the Pershing Square approach, with a sharper focus on sustainable long-term value creation likely to deepen appeal among global institutional allocators.
Investment Strategies
Pershing Square Holdings stands out as a versatile choice for a spectrum of investor horizons:
- Short-Term:
- The current technical structure, sitting near strong support at 3,500 GBX and with RSI below extreme levels, makes PSH an intriguing candidate for traders seeking a tactical bounce or positioning ahead of next results.
- Any positive commentary or portfolio revaluation in the May/June earnings window could spark renewed momentum.
- Medium-Term:
- Investors targeting outperformance through mid-2025 and into 2026 may find the persistently high discount to NAV especially appealing.
- The possibility of a narrowing discount, building on recent dividend increases and strategic initiatives, represents an asymmetric risk-reward.
- Long-Term:
- The fund’s world-class management, proven investment philosophy, and exceptional long-term record favour those willing to navigate periodic volatility in exchange for substantial capital appreciation.
- Long-term holders are strategically positioned to benefit from any eventual re-rating toward NAV, ongoing income growth, and compounded portfolio gains.
The present market climate, with PSH trading well below NAV and at a technical inflection point, seems to represent an excellent entry for new allocations or portfolio rebalancing.
Is it the Right Time to Buy Pershing Square Holdings?
In sum, Pershing Square Holdings combines a purpose-built structure, concentrated exposure to blue-chip North American equities, and the stewardship of a best-in-class management team. The share price, which currently trades at a deep -31.7% discount to liquid, high-conviction underlying assets, offers an unusually wide margin of safety and several clear catalysts for a rerating.
The technical backdrop is increasingly constructive, macroeconomic and sectoral trends are turning more accommodative, and company-specific execution—in both capital returns and investment process—are setting the stage for further outperformance. For investors seeking core exposure to active management with a value tilt and defensive qualities within the global equity sphere, Pershing Square Holdings’s fundamentals justify renewed interest.
As the share price stabilises near support and the next round of positive catalysts approaches, PSH may well be entering a new bullish phase—a view reinforced by resilient fundamentals and persistent market inefficiency. Discerning investors prepared to capitalise on opportunity, while mindful of concentration risk and periodic volatility, should seriously consider Pershing Square Holdings as a compelling addition to a modern, growth-oriented portfolio.
Indeed, as the landscape for alpha generation evolves, the case for Pershing Square Holdings as a differentiated, value-rich vehicle within listed asset management has rarely looked stronger.
How to buy Pershing Square Holdings stock in United Kingdom?
Buying Pershing Square Holdings stock online is now simple and secure for UK investors. Through a regulated online broker, you can access this leading investment fund quickly, safely, and with clear pricing. You have two main ways to invest: a straightforward spot (cash) purchase, where you directly own the shares, or by trading Contracts for Difference (CFDs), which let you speculate on price movements with leverage. Each method has its own advantages and considerations—see the broker comparison further down the page to choose the platform best matched to your needs.
Spot buying
A cash purchase of Pershing Square Holdings means you directly acquire shares listed on the London Stock Exchange (LSE: PSH). This form of investing is suitable for those seeking simple, long-term exposure, with the benefit of potentially receiving dividends. Most UK brokers charge a fixed commission per order, typically ranging from £5 to £10.
Important information
For example: if the Pershing Square Holdings share price is 3,618p (GBP), you can buy around 27 shares with a £1,000 stake (before fees; after a £5 commission, approximately 26 shares).
Gain scenario:
If the share price rises by 10% to approximately 3,980p, your shares would now be worth about £1,100.
Result: That’s a £100 gross gain, or +10% on your investment, not including any potential dividends.
Trading via CFD
CFD trading allows you to speculate on the price movement of Pershing Square Holdings shares without owning the shares themselves. This instrument is popular for those seeking short-term opportunities and the ability to use leverage—amplifying both potential gains and risks. With CFDs, you’ll pay a spread (the difference between buy and sell prices), and, if you hold positions overnight, a small financing fee.
Important information
Example: You open a CFD position with a £1,000 deposit using 5x leverage, giving you exposure to £5,000 worth of Pershing Square Holdings shares.
Gain scenario:
If the share price rises by 8%, your position gains 8% × 5 = 40%.
Result: That’s a £400 gain on your £1,000 initial stake (excluding spread and financing costs).
Final advice
Before investing in Pershing Square Holdings, it’s essential to compare brokers’ fees, platform features, and investment conditions—as these can have a significant impact on your returns. Your ideal route depends on your objectives: choose direct share ownership for long-term investing, or CFDs for more flexible, short-term strategies with leverage. Take advantage of the broker comparison tool further down this page to find the platform most suited to your profile and start building your investment confidently.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw your money from EightCap?
Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by the FCA (UK) and the ASIC (Australia). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to get started, EightCap is a safe platform, recognised in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like TradingView, perfect for demanding traders. Are you a novice? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and efficient.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads starting from 0 pips, with a commission of $3.5 per lot. Standard accounts, on the other hand, have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like TradingView and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw your money from EightCap?
Withdrawing your winnings on EightCap is simple and fast. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or electronic wallets. Security and speed are at the heart of the service.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognised for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including the FCA (United Kingdom), ASIC (Australia), and CySEC in Europe. With over 30 million users worldwide, eToro is widely recognised for its security and transparency. According to our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don't need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while you invest.
You get access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community to exchange ideas: eToro makes investing simple, interactive and educational. It's like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of shares or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposit is free, and withdrawal is set at $5. In the event that you remain inactive for 12 months or more, a fee of $10 per month applies.
Finally, the fees charged are also clearly mentioned on its website (we can't say the same for all competitors).
Who is eToro for?
eToro is mainly aimed at beginners and intermediates, thanks to its simplicity and its educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here, with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is it easy to withdraw your money from eToro?
Yes, withdrawing your winnings from eToro is as easy as investing. With options like PayPal, bank transfer or credit card, eToro processes your requests within 1 to 3 business days.
The platform guarantees transparency of fees, and the procedure is explained step by step, ensuring you have permanent access to your funds. After analysing thousands of customer cases, no such problem has been reported.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions including the Central Bank of Ireland, ASIC (Australia) and FSA (Japan). Operating since 2006, it offers strong guarantees, including the segregation of client funds and strict adherence to international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. The free tutorials, demo accounts and training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don’t need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when it comes to paying.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you’re looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, bank transfer or electronic wallets. Everything is designed to give you quick, clear and secure access.
Our 7 tips for buying Pershing Square Holdings stock
| Step | Specific tip for Pershing Square Holdings |
|---|---|
| Analyse the market | Review recent performance and sector trends, especially noting PSH’s current 31.7% discount to NAV and its track record of strong long-term gains. This highlights potential value for patient UK investors. |
| Choose the right trading platform | Select a reputable UK share dealing service that allows access to the LSE, supports trades in both GBP and USD, and offers competitive fees for trading closed-ended funds like Pershing Square Holdings. |
| Define your investment budget | Decide on the amount you’re comfortable investing, considering PSH’s concentrated portfolio and recent volatility, then balance your allocation within a diversified UK investment portfolio. |
| Choose a strategy (short or long term) | Given PSH’s focus on long-term value investing and historic outperformance over 5 and 10 years, consider a buy-and-hold approach to benefit from potential narrowing of the discount to NAV. |
| Monitor news and financial results | Keep an eye on PSH’s quarterly reports, news about Bill Ackman’s investment moves, sector updates, and dividend announcements—including the recent 13% dividend increase. |
| Use risk management tools | Employ stop-loss orders or set price alerts to limit downside, remembering that PSH’s concentrated strategy can increase volatility if a core holding underperforms. |
| Sell at the right time | Plan your exit thoughtfully: consider selling if the discount to NAV closes significantly, or if technical indicators—such as the RSI moving into clear overbought territory—suggest a period of consolidation. |
The latest news about Pershing Square Holdings
Pershing Square Holdings has announced a 13% increase in its quarterly dividend for 2025, enhancing returns for UK investors.
This decision, formally ratified at the company’s May 2025 Annual General Meeting, directly benefits shareholders on the London Stock Exchange and underlines management’s confidence in the fund’s long-term cash generation capacity. The higher dividend, set at $0.1646 per share, comes as the ex-dividend date approaches (15 May 2025), reinforcing the appeal of PSH for income-focused UK portfolios amidst a climate of steady, but modest, underlying fund performance.
PSH shares continue to trade at a significant discount of –31.7% to underlying NAV, offering potential value to UK investors.
At a share price of 3,618.00 GBX versus an NAV per share of $71.28 (£53.48), this persistent discount is noteworthy in the context of closed-end funds listed on the London Stock Exchange, especially considering PSH’s robust long-term performance (+134.1% over 5 years and +164.9% over 10 years). This valuation anomaly may create an attractive entry point for value-seeking investors in the UK, particularly those looking for exposure to high-quality North American equities via a regulated local platform.
Recent capital markets activity saw PSH successfully complete a €650 million senior notes offering, strengthening its financial flexibility.
This capital raise, which closed within the past week, enhances liquidity and demonstrates access to competitively priced European debt markets – a positive signal for UK-based analysts monitoring cross-border funding conditions for LSE-listed investment vehicles. The proceeds are intended to further support active portfolio management and potential new investments, suggesting a proactive approach in navigating current market volatility.
The fund’s technical profile indicates short-term resilience, with the relative strength index (RSI) approaching overbought territory and the stock rebounding 1.12% in the last 24 hours.
With the 50-day moving average at 3,973.28 GBX and current trading just below resistance, technical signals may imply continued investor confidence among UK traders. These metrics, combined with a daily trading volume consistently above 24,000 shares on the LSE, reflect liquidity and interest among both institutional and private UK clients.
Despite modest year-to-date performance and a net loss of 6.8% in March, PSH retains a strong long-term track record and maintains a concentrated, high-conviction portfolio.
The fund’s disciplined focus on 8–12 large-cap North American positions and a structural preference for patient capital deployment are notable for UK investors seeking differentiated strategies outside mainstream benchmarks. Managed by Bill Ackman, PSH’s consistent long-term outperformance sets it apart in the UK listed alternative assets sector, supporting its relevance for professionals aiming to diversify client allocations with a global, high-conviction fund manager.
FAQ
What is the latest dividend for Pershing Square Holdings stock?
Pershing Square Holdings currently pays a quarterly dividend, which was recently increased by 13% for 2025. The most recent dividend is $0.1646 per share, with the next ex-dividend date set for 15 May 2025. This equates to an annualised yield of around 1.24%. PSH has a recent track record of gradually rising dividends, reflecting the manager’s commitment to rewarding shareholders as the fund grows.
What is the forecast for Pershing Square Holdings stock in 2025, 2026, and 2027?
Based on the current share price of 3,618.00 GBX, the projected price is 4,703.40 GBX at the end of 2025, 5,427.00 GBX at the end of 2026, and 7,236.00 GBX by the end of 2027. PSH’s long-term focus, large-cap core holdings, and a history of significant outperformance over five and ten years support a positive outlook, especially if the notable discount to NAV narrows over time.
Should I sell my Pershing Square Holdings shares?
Holding Pershing Square Holdings shares may be a prudent strategy for investors seeking mid- to long-term growth. The stock trades at a substantial discount to its underlying net asset value, suggesting possible upside if sentiment improves. Supported by strong long-term performance and a high-conviction approach managed by Bill Ackman, PSH has demonstrated resilience and strategic discipline. Investors who value strategic clarity and steady dividends could continue to benefit by holding.
Are Pershing Square Holdings shares eligible for an ISA, and how are dividends and capital gains taxed in the UK?
Pershing Square Holdings shares can be held in a UK Stocks and Shares ISA, allowing dividends and capital gains to be received tax-free. However, as an offshore Guernsey-domiciled fund, income may still be subject to a small foreign withholding tax before payments reach the ISA. Capital gains outside an ISA are liable for UK capital gains tax above annual allowances. Always check with a tax adviser for your individual circumstances.
What is the latest dividend for Pershing Square Holdings stock?
Pershing Square Holdings currently pays a quarterly dividend, which was recently increased by 13% for 2025. The most recent dividend is $0.1646 per share, with the next ex-dividend date set for 15 May 2025. This equates to an annualised yield of around 1.24%. PSH has a recent track record of gradually rising dividends, reflecting the manager’s commitment to rewarding shareholders as the fund grows.
What is the forecast for Pershing Square Holdings stock in 2025, 2026, and 2027?
Based on the current share price of 3,618.00 GBX, the projected price is 4,703.40 GBX at the end of 2025, 5,427.00 GBX at the end of 2026, and 7,236.00 GBX by the end of 2027. PSH’s long-term focus, large-cap core holdings, and a history of significant outperformance over five and ten years support a positive outlook, especially if the notable discount to NAV narrows over time.
Should I sell my Pershing Square Holdings shares?
Holding Pershing Square Holdings shares may be a prudent strategy for investors seeking mid- to long-term growth. The stock trades at a substantial discount to its underlying net asset value, suggesting possible upside if sentiment improves. Supported by strong long-term performance and a high-conviction approach managed by Bill Ackman, PSH has demonstrated resilience and strategic discipline. Investors who value strategic clarity and steady dividends could continue to benefit by holding.
Are Pershing Square Holdings shares eligible for an ISA, and how are dividends and capital gains taxed in the UK?
Pershing Square Holdings shares can be held in a UK Stocks and Shares ISA, allowing dividends and capital gains to be received tax-free. However, as an offshore Guernsey-domiciled fund, income may still be subject to a small foreign withholding tax before payments reach the ISA. Capital gains outside an ISA are liable for UK capital gains tax above annual allowances. Always check with a tax adviser for your individual circumstances.
