Pershing Square Holdings (PSH) Stock Price, Fundamentals & Analysis

What PSH does

Pershing Square Holdings (PSH) is a closed-ended balanced fund listed on the London Stock Exchange and managed by Pershing Square Capital Management, L.P. It invests in public equity and fixed income markets across the globe, primarily targeting value stocks while also holding convertible and debt securities for its fixed income portion. The fund uses derivatives and a long/short strategy to construct its portfolio, benchmarking against the S&P 500 Index and HFRX Global Hedge Fund Index. It is domiciled in Guernsey and was formed on February 2, 2012.

Key numbers explained

• 37.22 GBP is the current price of PSH on the London Stock Exchange.
• +2.76% is today's price change, showing the percentage move in a single trading session.
• 6.49B GBP is the market capitalisation, representing the total value of all outstanding shares.
• 1.47% is the dividend yield, which tells you the annual dividend as a percentage of the current share price.
• 0.51 is the beta, a measure of volatility relative to the market; below 1 means PSH has historically been less volatile than the broader market.
• -23.4% is the price change over the last 52 weeks, showing the total return from one year ago to today.
• 66.24 is the price-to-book ratio, comparing the market price to the fund's net asset value per share.
• 105.9% is the operating margin, indicating that operating costs exceed operating income on an accounting basis.

What to watch

As a closed-ended fund, PSH trades on the London Stock Exchange and its share price can diverge from its net asset value, so the discount or premium to NAV is worth monitoring. The fund's long/short strategy and use of derivatives can amplify returns in some market conditions and reduce them in others. Because it is a financial services stock in the asset management industry, PSH can be sensitive to changes in interest rates, market volatility, and investor flows. Its next earnings report is scheduled for Aug 13, 2026, and the ex-dividend date is Nov 12, 2026, both useful reference points for investors tracking income and performance. Peers such as Lloyds Banking Group (LLOY), Admiral Group (ADM), London Stock Exchange Group (LSEG), M&G (MNG), Barclays (BARC), Aviva (AV), and Hiscox (HSX) operate in related segments of the financial services sector.