Pershing Square Holdings, an investment holding company, released its first half 2025 investor letter. A copy of the same can be downloaded here. In the first half of 2025, the company’s NAV per share increased by 15.5% and 17.7% year-to-date through August 19, 2025. The company’s share price rose by 9.9% and 16.5% during these periods, while the S&P 500 increased by 6.2% and 9.9%, respectively. The first half of 2025 was characterized by complex macroeconomic and geopolitical dynamics, contributing to broad uncertainty. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second-quarter 2025 investor letter, Pershing Square Holdings highlighted stocks such as Howard Hughes Holdings Inc. (NYSE:HHH). Headquartered in The Woodlands, Texas, Howard Hughes Holdings Inc. (NYSE:HHH) develops and manages master planned communities. The one-month return of Howard Hughes Holdings Inc. (NYSE:HHH) was 12.24%, and its shares gained 9.13% of their value over the last 52 weeks. On September 05, 2025, Howard Hughes Holdings Inc. (NYSE:HHH) stock closed at $78.88 per share, with a market capitalization of $4.685 billion.
Pershing Square Holdings stated the following regarding Howard Hughes Holdings Inc. (NYSE:HHH) in its second quarter 2025 investor letter:
“On May 5, 2025, Pershing Square invested $900 million to acquire 9 million newly issued shares of Howard Hughes Holdings Inc. (NYSE:HHH. Taken together with the Pershing Square Funds’ ownership, Pershing Square now owns 47% of HHH shares outstanding in total. Pershing Square’s investment will enable HHH to become a diversified holding company by acquiring controlling stakes in high quality, durable growth public and private operating companies while continuing to invest in and grow the company’s core real estate operations.
Lire la suite
