Pershing Square USA PSUS

Pershing Square USA is a closed-end fund that has traded on the NYSE since April 29, 2026. Bill Ackman's firm, Pershing Square Capital Management, runs it and invests in 12 to 15 large North American companies such as Visa, Amazon and Microsoft. The fund has no sales or profits of its own: shareholders gain or lose as its holdings change in value, and the manager earns a 2% management fee.