Pershing Square Holdings Ltd
Pershing Square Holdings, Ltd. is a closed-ended balanced fund launched and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies. For its fixed income portion, the fund primarily invests in con… Read more
Pershing Square Holdings Ltd (PSHZF) - Net Assets
Latest net assets as of June 2025: $14.71 Billion USD
Based on the latest financial reports, Pershing Square Holdings Ltd (PSHZF) has net assets worth $14.71 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.70 Billion) and total liabilities ($3.99 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.71 Billion |
| % of Total Assets | 78.68% |
| Annual Growth Rate | 24.65% |
| 5-Year Change | 43.73% |
| 10-Year Change | 158.51% |
| Growth Volatility | 134.39 |
Pershing Square Holdings Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Pershing Square Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pershing Square Holdings Ltd (2013–2024)
The table below shows the annual net assets of Pershing Square Holdings Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $13.01 Billion | +7.86% |
| 2023-12-31 | $12.06 Billion | +22.30% |
| 2022-12-31 | $9.86 Billion | -13.55% |
| 2021-12-31 | $11.41 Billion | +26.03% |
| 2020-12-31 | $9.05 Billion | +62.57% |
| 2019-12-31 | $5.57 Billion | +48.61% |
| 2018-12-31 | $3.75 Billion | -8.31% |
| 2017-12-31 | $4.09 Billion | -6.17% |
| 2016-12-31 | $4.36 Billion | -13.46% |
| 2015-12-31 | $5.03 Billion | -23.24% |
| 2014-12-31 | $6.56 Billion | +468.86% |
| 2013-12-31 | $1.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pershing Square Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2361.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.12 Billion | 62.39% |
| Common Stock | $5.72 Billion | 43.98% |
| Total Equity | $13.01 Billion | 100.00% |
Pershing Square Holdings Ltd Competitors by Market Cap
The table below lists competitors of Pershing Square Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MODERNA
STU:0QF
|
$436.96K |
|
KURITA WATER IND - Dusseldorf Stock Exchang
DU:KWI
|
$436.97K |
|
CleanGo Innovations Inc
OTCQB:CLGOF
|
$437.05K |
|
FIDELITY NATIONAL - Dusseldorf Stock Exchang
DU:ZGY
|
$437.32K |
|
Asia Media Group Bhd
KLSE:0159
|
$436.50K |
|
FORTIS
BE:12F
|
$436.40K |
|
Lmp Automotive Holdings Inc
OTCMKTS:LMPX
|
$435.89K |
|
Tower Investments SA
WAR:TOW
|
$435.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pershing Square Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,062,607,027 to 13,011,230,090, a change of 948,623,063 (7.9%).
- Net income of 1,173,695,918 contributed positively to equity growth.
- Dividend payments of 107,166,682 reduced retained earnings.
- Share repurchases of 119,623,243 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.17 Billion | +9.02% |
| Dividends Paid | $107.17 Million | -0.82% |
| Share Repurchases | $119.62 Million | -0.92% |
| Other Changes | $1.72 Million | +0.01% |
| Total Change | $- | 7.86% |
Book Value vs Market Value Analysis
This analysis compares Pershing Square Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.62x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 36.13x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $1.21 | $43.67 | x |
| 2015-12-31 | $0.96 | $43.67 | x |
| 2016-12-31 | $0.83 | $43.67 | x |
| 2017-12-31 | $17.12 | $43.67 | x |
| 2018-12-31 | $17.44 | $43.67 | x |
| 2019-12-31 | $26.24 | $43.67 | x |
| 2020-12-31 | $46.82 | $43.67 | x |
| 2021-12-31 | $57.33 | $43.67 | x |
| 2022-12-31 | $41.80 | $43.67 | x |
| 2023-12-31 | $63.88 | $43.67 | x |
| 2024-12-31 | $70.70 | $43.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pershing Square Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 70.67%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.20x
- Recent ROE (9.02%) is above the historical average (7.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.74% | 79.26% | 0.20x | 1.13x | $490.14 Million |
| 2015 | -26.70% | 0.00% | -0.17x | 1.37x | $-1.85 Billion |
| 2016 | -16.07% | 0.00% | -0.08x | 1.44x | $-1.14 Billion |
| 2017 | -4.83% | -1544.88% | 0.00x | 1.39x | $-606.16 Million |
| 2018 | -2.91% | -401.67% | 0.01x | 1.36x | $-483.83 Million |
| 2019 | 39.12% | 359.48% | 0.08x | 1.29x | $1.62 Billion |
| 2020 | 42.06% | 137.87% | 0.22x | 1.39x | $2.90 Billion |
| 2021 | 20.99% | 205.14% | 0.07x | 1.39x | $1.25 Billion |
| 2022 | -11.59% | -73.32% | 0.12x | 1.30x | $-2.14 Billion |
| 2023 | 20.61% | 79.14% | 0.21x | 1.25x | $1.28 Billion |
| 2024 | 9.02% | 70.67% | 0.11x | 1.20x | $-127.43 Million |
Industry Comparison
This section compares Pershing Square Holdings Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pershing Square Holdings Ltd (PSHZF) | $14.71 Billion | 17.74% | 0.27x | $436.53K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |