# Pershing Square USA, Ltd. (PSUS)

> Source: Nexqual · https://nexqual.com/PSUS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Pershing Square USA, Ltd. (PSUS), nexqual.com/PSUS" · informational, not investment advice.

**Price:** USD 37.02 (-0.13% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 37.07 · day 36.8–37.35 · 52w 35.71–44 · market cap null · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold PSUS (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $4.8M; 3 not under a Rule 10b5-1 plan ($4.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $10.5M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 42 (range 42–42).
- Total return with dividends: 1Y -9.5% vs S&P 500 +14.9%; 5Y -13.5% vs S&P 500 +80.3%.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold PSUS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Ackman | Pershing Square | 0.77% | $150M | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Teacher Retirement System Of Texas |  | 6,205 | $249K | 0.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-04 | Teacher Retirement System Of Texas |  | 50,000 | $1.9M | 0.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Teacher Retirement System Of Texas |  | 70,000 | $2.7M | 0.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
4 purchases, $10.5M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-02…2026-10-06 | Israel Ryan | Chief Investment Officer | 256,613 | $9.6M | 37.47 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-18 | Polsky Lisa | Director | 6,177 | $244K | 39.45 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-17 | Herring Bruce | Director | 5,000 | $201K | 40.25 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Herring Bruce | Director | 10,000 | $434K | 43.41 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 42 (low 42, high 42).

## Total return (dividends reinvested)
|  | 1Y (from 2026-04-29) | 5Y (from 2026-04-27) |
|---|---|---|
| Total return | -9.5% | -13.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 23.2% | 19.5% |
| Max drawdown | -16.6% (May 2026→Jul 2026) | -14.7% (Apr 2026→Jul 2026) |

## Peers (Asset Management)
BLK (BlackRock, Inc.) USD 1,137.29 -1.07% · BX (Blackstone Inc.) USD 118.75 +8.38% · BN (Brookfield Corporation) USD 38.28 +2.05% · KKR (KKR & Co. Inc.) USD 93.09 +3.58% · BAM (Brookfield Asset Management Inc) USD 47.64 +3.45% · APO (Apollo Global Management, Inc. ) USD 114.83 +2.81%

## More
Full page: https://nexqual.com/PSUS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.25 | $0.00 | — | $0 | 1 |
| Next quarter (ends 2026-12-31) | $1.31 | $0.00 | — | $0 | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.30 | $0.00 | — | $0 | 1 |
| Next fiscal year (ends 2027-12-31) | $7.26 | $0.00 | — | $0 | 1 |