The Pershing Square founder warned about “broken markets” just two days before Wall Street's selloff, but he still doesn't see a slowdown in AI.
PS Pershing Square Inc.
XNYS 46.25 +4.64% Pre-marketStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PS
$46.25
▲ +4.64%
What changed
Recent filings, trades and movesKey stats
$44.20
Pre-market
$46.25
+4.64%
- 52-Week Range
- $22.01 – $60.40
- YTD
- +82.65%
- IV Rank (30D)
- 68.9
- Straddle Price
- $7.72
- P/C Vol Ratio
- 0.94
- Market Cap
- $20.8B
- Open
- $51.06
- Day Range
- $44.20 – $51.06
- Volume
- 919,717
- Prev Close
- $51.95
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.84% |
| Beta vs SPY | 2.32 |
| Cost of Equity (CAPM) | 15.86% (VRP-adj) |
| WACC | 17.09% |
| Volatility Risk Premium | -2.6pp (IV − HV30), ERP adj -25bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $47.51 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $47.32 |
| Bollinger Width / SMA20 | 21.3% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $21B |
Peers used for multiples: AXP, BLK, BNY, BX, C, GS, JPM, MS
60-Day Conviction
86%
20-Day Fair Value
≈ by Dec 9, 2026
$44.60
α +0.9%
rank 42%
conviction
63%
40-Day Fair Value
≈ by Jan 7, 2027
$45.65
α +3.3%
rank 28%
conviction
84%
60-Day Fair Value
≈ by Feb 5, 2027
$46.21
α +4.5%
rank 35%
conviction
86%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 15.2× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 18.1× · 8 peers |
| Peer P/B | n/a | 0% | median 2.4× · 8 peers |
| Peer P/S | n/a | 0% | median 2.5× · 8 peers |
| Market Anchor (SMA50) | $47.51 | 100% | stability 44% (BB-width) |
| Options Expected (B-L 30d) | $52.14 | 0% | 7 strikes · skew +0.42 |
As of 2026-11-10 · updated
Related
About
- Industry (SIC)
- INVESTMENT ADVICE (6282) · industry map
- Exchange
- XNYS
- Market Cap
- $20.8B
- List Date
- 2026-04-29
- CIK
- 0002026053
- Last Earnings
- Nov 2 after close · +0.1% vs ±14.3% expected
- Headquarters
- New York, NY
Pershing Square Inc is a main alternative asset manager. It employs a disciplined, research-intensive approach to fundamental value investing to preserve and grow its permanent capital at high rates of return using a set of core investment principles and opportunistic asymmetric hedges. The group generates all of its revenue from management fees and performance fees. It conductbusiness and generates all of its revenues in the United States.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -- | -- |
| Mar | -- | -- |
| Apr | 15.70% | 15.70% |
| May | 4.21% | 4.21% |
| Jun | -12.12% | -12.12% |
| Jul | -0.27% | -0.27% |
| Aug | 22.42% | 22.42% |
| Sep | 45.22% | 45.22% |
| Oct | -14.19% | -14.19% |
| Nov | -5.19%* | -5.19% |
| Dec | -- | -- |
| Total | 52.84% | 52.84% |
* Only 1 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $47.15
SMA 50: $47.54
SMA 200: —
Current: $44.20
EMA 12: $48.51
EMA 26: $48.33
MACD: 0.1817 | Signal: 0.0617
BULLISH
ADX (14): 16.69
RANGE
+DI: 16.25
−DI: 22.28
Momentum Oscillators
RSI (14): 43.13
NEUTRAL
Stoch %K: 63.31
Stoch %D: 77.39
Williams %R: -82.24
Volume & Volatility
BB Upper: $52.35
BB Lower: $41.94
NEUTRAL
OBV: 11,002,593
Vol SMA 20: 394,863
Vol ROC: 346.19%
ATR: $4.04
True Range: $7.75
HV 20: 90.0%
HV 30: 91.4%
HV 60: 90.5%
Data Summary
Data Points: 136
Last Updated:
Date Range: 2026-04-29T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before PS’s Nov 2 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report
SYMBOL: PS
Executive Summary Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a neutral trend, with momentum oscillators indicating a slight bullish bias.
- Recent news headlines have been negative, which may be contributing to the current price action.
Primary Risks:
- High volatility, with a beta of 2.43, making it more sensitive to market movements.
- Negative sentiment from recent news headlines could impact investor confidence.
Investment Thesis: The stock is currently trading in a neutral zone, with technical indicators suggesting a consolidative phase. While recent news has been negative, the options market pricing suggests a moderate expectation for price movement. A patient approach may be warranted, as the stock's high volatility and beta make it more susceptible to significant price swings.
Recent News Sentiment Impact: The negative sentiment from recent news headlines is likely contributing to the current neutral trend. The options market pricing suggests that investors are expecting a moderate price move, which could be influenced by the upcoming earnings announcement (if available).
Technical Analysis
Trend Direction:
- Short-term: Consolidative phase
- Medium-term: Neutral trend
- Long-term: Uptrend
Support/Resistance Levels: The stock is currently trading above its 20-day simple moving average (SMA) at $36.56, which could serve as support. The upper Bollinger Band is at $42.02.
Momentum Signals:
- RSI interpretation: Neutral zone (30-70), suggesting a pause in the trend.
- MACD signal: Bullish, indicating momentum building above the signal line.
- Bollinger Bands position: Squeeze phase, indicating a possible breakout or mean reversion.
Volume Analysis: The volume is moderate, with an On-Balance Volume (OBV) of 3769733.44 and a volume rate of change of 31.81%. The options market is pricing a moderate expectation for price movement, which could be influenced by the upcoming earnings announcement (if available).
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been negative, with themes related to regulatory issues, management changes, and analyst downgrades.
Sentiment Assessment: The sentiment is negative, with a majority of headlines conveying bearish information.
Catalyst Identification: There are no upcoming earnings announcements or product launches that would significantly impact the stock price. The options market pricing suggests that investors are expecting a moderate price move, which could be influenced by the current neutral trend and high volatility.
Risk & Volatility Assessment
Beta Interpretation: The beta is 2.43, indicating that the stock is more volatile than the broader market.
Volatility Regime: The current volatility level is higher than historical norms, with a True Range of $2.44 and an Average True Range (ATR) of $2.53.
Options Market Signals: The IV rank is 25.2%, indicating medium-high volatility. The put/call ratio is neutral at 0.96, while the open interest is skewed towards puts.
Downside Protection: Support levels are present at $36.56 and $34.81, which could serve as a cushion in case of a price decline.
Market Context & Positioning
Sector Performance: The stock is underperforming its sector peers, with a relative strength vs market (RS) of -15%.
Institutional Activity: There is moderate institutional interest, with an average daily volume of 139321.84 and an OBV of 3769733.44.
Correlation Analysis: The correlation coefficient with the broader market (SPY) is 0.29, indicating a relatively low correlation.
Relative Valuation: The stock is trading within its historical range, with a relative valuation score of 60%.
Key Levels & Action Items
Critical Price Levels: Support levels are present at $36.56 and $34.81, while the upper Bollinger Band is at $42.02.
Breakout/Breakdown Levels: A breakout above the upper band could lead to further upside, while a breakdown below the lower band could trigger significant selling pressure.
Time-Sensitive Catalysts: There are no imminent catalysts that would significantly impact the stock price.
Risk Management: Stop-loss levels should be set at $34.81 and $32.47, with position sizing considerations based on the current neutral trend and high volatility.
Please let me know if you would like me to revise anything!
Generated
News
All PS news →
Permanent capital means Pershing Square's growth rests on portfolio returns, not fundraising, so the firm's pace depends on how its holdings perform.
Management highlights permanent capital growth and new venture launch targeting $500M to $1B.
Showing 1–10 of 19
Page 1 of 2
Earnings History
2 of 2 under expected move
Avg Expected Move
11.00%
Avg Actual Move
3.40%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2026-08-13 | Pre-Market | 7.67% | 6.70% | 0.87x | Within |
| 2026-11-02 | After-Close | 14.32% | 0.09% | 0.01x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PS Options Activity & IV Rank
PS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 66.4%
7-DTE IV: 64.1%
Expected Move: $7.72
7-DTE Move: $3.83
Days to Exp: 38 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,743
Put Volume: 1,632
P/C Volume: 0.936
NEUTRAL
Call OI: 2,798
Put OI: 9,555
P/C OI: 3.415
Total OI: 12,353
ATM Options Pricing
ATM Call: $3.25
ATM Put: $4.47
Call %: 7.4%
Put %: 10.1%
Chain Summary
Chain Volume: 3,375
Chain OI: 12,353
Last Updated: 11/10/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 1st percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
1%
vs own history
GEX tilt
-0.33
OI-weighted, today
Vanna tilt
+0.62
δ-sensitivity to IV
Charm tilt
-0.74
δ-decay vs time
Vanna tilt +0.62: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.74: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 17 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)31.5MediumNov 10
IV Rank (30 DTE)68.9MediumNov 10
Straddle Price (30 DTE)$7.72Nov 10
Beta Analysis
Risk Metrics
Beta: 2.2619
Alpha: 136.94%
Correlation: 0.3098
R-Squared: 9.6%
Stock Volatility: 101.9%
Market Volatility: 14.0%
Analysis Details
Benchmark: SPY
Data Points: 135
Period: 252 trading days
Data Points: 135
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own PS
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Pershing Square Activist Bill Ackman | $3.02B | #8 of 17 | — | Form 4 · 10% owner | |
| Millennium Management Hedge fund Izzy Englander | $13.6M | #1377 of 3716 | new | 13F | |
| Baupost Group Hedge fund Seth Klarman | $12.9M | #23 of 23 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $2.2M | #2831 of 6285 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PS Institutional Ownership (13F)
Filings for 2026-06-30 · 24 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
5 filers$8.39M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $4.08M | 48.65% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.40M | 28.64% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $1.00M | 11.94% | 2026-09-30 |
| 4 | Jane Street Group, LLC Custodian | $561.91K | 6.70% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $341.74K | 4.07% | 2026-06-30 |
6 filers$12.08M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.01M | 66.32% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.49M | 12.29% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.30M | 10.77% | 2026-06-30 |
| 4 | Ionic Capital Management LLC | $548.76K | 4.54% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $425.14K | 3.52% | 2026-09-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $308.88K | 2.56% | 2026-06-30 |
PS Insider Trading (Form 4)
Latest: 2026-08-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-19 | William A Ackman | CEO & Chairman | Gift (G) | −10,000,000 | — | EDGAR | |
| 2026-05-04 | Calvo David Coppel | Director | Award (A) | +900,000 | — | EDGAR | |
| 2026-05-04 | Halit Coussin | CLO; CCO | Mixed Other +40,000 · Disp −197,771 |
−157,771 | — | EDGAR | |
| 2026-05-04 | Nicholas M Lamotte | Director | Mixed Grant +600,000 · Other +304,000 |
+904,000 | — | EDGAR | |
| 2026-05-04 | Pershing Square Partner Group LLC | Director | Disp (D) | −13,603,657 | — | EDGAR | |
| 2026-05-04 | Michael Gonnella | Chief Financial Officer | Mixed Disp −192,426 · Other +20,000 |
−172,426 | — | EDGAR | |
| 2026-05-04 | WAA Management LLC | 10%+ Owner | Mixed Buy +800,000 · Other +872,440 · Gift −300,000 · Grant +10,489 · Disp −6,874,237 |
−5,491,308 | $23.77 | $19.02M | EDGAR |
| 2026-05-04 | Ryan Israel | Chief Investment Officer | Mixed Disp −667,614 · Other +100,000 |
−567,614 | — | EDGAR | |
| 2026-05-04 | Ben Hakim | President | Mixed Other +20,000 · Grant +75,000 · Disp −231,388 |
−136,388 | — | EDGAR | |
| 2021-04-05 | Matthew Forkner | CLO, CCO & Corp. Sec. | Tax (F) | −6,101 | $22.42 | -$136.8K | EDGAR |
| 2021-04-05 | James Budge | Chief Financial Officer | Tax (F) | −1,471 | $22.42 | -$33.0K | EDGAR |
| 2021-04-05 | Skonnard Consulting, Inc. | Tax (F) | −2,941 | $22.42 | -$65.9K | EDGAR | |
| 2021-03-09 | James Budge | Chief Financial Officer | Mixed Sell −200,000 · Exer +200,000 |
— | $18.52 | -$1.41M | EDGAR |
| 2021-03-02 | Matthew Forkner | CLO, CCO & Corp. Sec. | Tax (F) | −297 | $20.52 | -$6.1K | EDGAR |
| 2021-03-02 | Ross Meyercord | Chief Revenue Officer | Sell (S) | −6,700 | $20.60 | -$138.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PS Insider Holdings
9 insiders · @ $44.20
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Pershing Square Partner Group LLC | Director | 184,289,699 | $8.15B | $0 | 1 | 2026-05-04 |
| 2 | William A Ackman | CEO & Chairman | 68,325,763 | $3.02B | $0 | 1 | 2026-08-19 |
| 3 | Ryan Israel | Chief Investment Officer | 9,144,214 | $404.17M | $0 | 1 | 2026-05-04 |
| 4 | Ben Hakim | President | 3,134,632 | $138.55M | $0 | 1 | 2026-05-04 |
| 5 | Calvo David Coppel | Director | 3,126,557 | $138.19M | $0 | 1 | 2026-05-04 |
| 6 | Halit Coussin | CLO; CCO | 2,679,219 | $118.42M | $0 | 1 | 2026-05-04 |
| 7 | Michael Gonnella | Chief Financial Officer | 2,626,804 | $116.10M | $0 | 1 | 2026-05-04 |
| 8 | WAA Management LLC | 10%+ Owner | 1,004,240 | $44.39M | $19.02M | 1 | 2026-05-04 |
| 9 | Nicholas M Lamotte | Director | 904,000 | $39.96M | $0 | 1 | 2026-05-04 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PS Board & Officers
As of SEC filings through Aug 19, 2026Directors 11
- Ben Hakim · since Apr 29, 2026
- Calvo David Coppel · since Apr 29, 2026
- Halit Coussin · since Apr 29, 2026
- Kerry Murphy Healey · since Apr 29, 2026
- Marco Racy Kheirallah · since Apr 29, 2026
- Nicholas M Lamotte · since Apr 29, 2026
- Orion Hindawi · since Apr 29, 2026
- Pershing Square Management, LLC (entity) · since Apr 29, 2026
- Pershing Square Partner Group LLC (entity) · since Apr 29, 2026
- Ryan Israel · since Apr 29, 2026
- William A Ackman · since Apr 29, 2026
Officers 5
- William A Ackman · CEO & Chairman · since Apr 29, 2026
- Ben Hakim · President · since Apr 29, 2026
- Michael Gonnella · Chief Financial Officer · since Apr 29, 2026
- Ryan Israel · Chief Investment Officer · since Apr 29, 2026
- Halit Coussin · Clo; Cco · since Apr 29, 2026
10% owners 4
- Pershing Square Management, LLC (entity) · since Apr 29, 2026
- Pershing Square Partner Group LLC (entity) · since Apr 29, 2026
- WAA Management LLC (entity) · since Apr 29, 2026
- William A Ackman · since Apr 29, 2026
Changes in the last 10 years (20)
| Apr 29, 2026 | William A Ackman became a director |
| Apr 29, 2026 | William A Ackman became a 10% owner |
| Apr 29, 2026 | William A Ackman became CEO & Chairman |
| Apr 29, 2026 | WAA Management LLC became a 10% owner |
| Apr 29, 2026 | Ryan Israel became a director |
| Apr 29, 2026 | Ryan Israel became Chief Investment Officer |
| Apr 29, 2026 | Pershing Square Partner Group LLC became a director |
| Apr 29, 2026 | Pershing Square Partner Group LLC became a 10% owner |
| Apr 29, 2026 | Pershing Square Management, LLC became a director |
| Apr 29, 2026 | Pershing Square Management, LLC became a 10% owner |
| Apr 29, 2026 | Orion Hindawi became a director |
| Apr 29, 2026 | Nicholas M Lamotte became a director |
| Apr 29, 2026 | Michael Gonnella became Chief Financial Officer |
| Apr 29, 2026 | Marco Racy Kheirallah became a director |
| Apr 29, 2026 | Kerry Murphy Healey became a director |
| Apr 29, 2026 | Halit Coussin became a director |
| Apr 29, 2026 | Halit Coussin became Clo; Cco |
| Apr 29, 2026 | Calvo David Coppel became a director |
| Apr 29, 2026 | Ben Hakim became a director |
| Apr 29, 2026 | Ben Hakim became President |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-06
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
10 ETFs hold PS
10 shown · $299.69M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $142.5M | — | 2026-09-30 |
| 2 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.06% | $100.7M | — | 2026-09-30 |
| 3 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.13% | $56.1M | — | 2026-09-30 |
| 4 | GUSA Goldman Sachs MarketBeta US 1000 Equity ETF | Goldman | 0.01% | $174,107 | $2.3B | 2026-11-06 |
| 5 | IYG iShares U.S. Financial Services ETF | iShares (BlackRock) | 0.01% | $128,316 | $2.3B | 2026-11-06 |
| 6 | IYY iShares Dow Jones U.S. ETF | iShares (BlackRock) | 0.00% | $17,339 | $2.9B | 2026-11-06 |
| 7 | NYNY Corgi NYC Based ETF | Corgi | 1.25% | $10,338 | $827,553 | 2026-11-09 |
| 8 | ONOF Global X Adaptive U.S. Risk Management ETF | Global X | 0.00% | $2,130 | — | 2026-11-09 |
| 9 | SPUT Innovator Equity Premium Income - Daily PutWrite ETF | Innovator | 0.00% | $675 | $16.5M | 2026-11-09 |
| 10 | GXLC Global X U.S. 500 ETF | Global X | 0.01% | $364 | — | 2026-11-09 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
PS vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| JPM JPMorgan Chase & Co. | $908.4B | 16.4 | +1.3% | +5.1% | 56 |
| MS Morgan Stanley | $292.4B | 17.0 | +12.3% | +3.1% | 44 |
| GS Goldman Sachs Group Inc. | $261.4B | 13.1 | +11.2% | −0.5% | 59 |
| AXP American Express Company | $217.5B | 18.2 | +8.7% | −13.2% | 36 |
| C Citigroup Inc. | $201.9B | 15.1 | +2.1% | +3.0% | 40 |
| BLK Blackrock, Inc. | $187.6B | 28.0 | +24.7% | +12.6% | 35 |
| BNY Bank of New York Mellon Corporation | $101.8B | — | — | +1390.5% | 24 |
| BX Blackstone Inc. | $98.1B | 31.3 | +14.1% | −22.8% | 37 |
| PS Pershing Square Inc. | $20.8B | — | — | +82.6% | 69 |
| Peer median | $209.7B | 17.0 | +11.2% | +3.1% | 39 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.20M
SI % of Float
2.35%
Days to Cover
7.25
Short Vol Ratio
44.5%
Free Float
93.64M
Float %
23.4%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-11-02