Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. functions as a closed-ended, balanced hedge fund, overseen by Pershing Square Capital Management, L.P. The fund strategically allocates capital across international public stock and bond markets. Within its equity portfolio, it seeks out companies operating in a variety of sectors, prioritizing value-oriented investments. Regarding its fixed income allocations, the fund primarily targets convertible and debt instruments. It also incorporates derivatives into its investment methodology. The overall portfolio is constructed using a long/short investment strategy. Its financial performance is measured against both the S&P 500 Index and the HFRX Global Hedge Fund Index. Pershing Square Holdings, Ltd. was founded on February 2, 2012, and is legally registered in Guernsey.