Investment trust
PSH Pershing Square Holdings, Ltd. Public Class USD
ISIN GG00BPFJTF46London Stock Exchange: PSH
- Investment trusts
- Investment trust
- ISA
- SIPP
- Accumulating
Latest close
LSE£39.32
on
As of , at least 15 min delayed
At a glance
As of 13/11/2026, PSH (Pershing Square Holdings, Ltd. Public Class USD, ISIN GG00BPFJTF46) closed at £39.32 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +29.3%, or +1.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −14.9%
- −17.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +32.1%
- +19.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +29.3%
- +1.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,293 on 13/11/2026 — about £1,010 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs in pounds (price, with income reinvested in the fund): 2022 −3.3%, 2023 +23.0%, 2024 +12.6%, 2025 +19.6%; 2026 to 13/11/2026 −18.5%. Returns of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −21.0%; to 30/09/2025: +29.2%; to 30/09/2024: +20.2%; to 30/09/2023: +10.5%; to 30/09/2022: +1.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −18.5% | −21.1% | |
| to | +19.6% | +15.5% | |
| to | +12.6% | +8.7% | |
| +23.0% | +18.1% | ||
| −3.3% | −11.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −21.0% | −23.8% |
| from | +29.2% | +24.1% |
| from | +20.2% | +17.2% |
| from | +10.5% | +3.9% |
| from | +1.3% | −6.9% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
22.0%over 5 years
| 1 year | 20.3% |
|---|---|
| 3 years | 23.5% |
| 5 years | 22.0% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −26.9%
- From to
- Lowest 12-month return
- −23.9%
- 12 months to
- Highest 12-month return
- +56.3%
- 12 months to
- Below its highest weekly close since November 2021
- 21.5%
- High of , latest
In words: Volatility of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs in pounds, annualised from weekly returns to 13/11/2026: 20.3% over 1 year, 23.5% over 3 years, 22.0% over 5 years. Largest fall in the price of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs since November 2021, in pounds: −26.9% from 05/12/2025 to 18/09/2026. The lowest 12-month return of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs in pounds (price, with income reinvested in the fund) since January 2021 was −23.9% (12 months to 18/09/2026); the highest was +56.3% (12 months to 21/06/2024). On 13/11/2026 the price of Pershing Square Holdings, Ltd. Public Class USD Accum.Shs was 21.5% below its highest weekly close since November 2021 (05/12/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
Pershing Square Holdings, Ltd. Public Class USD Accum.Shs is an investment trust.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Investment trusts: Companies on the stock exchange that invest in other assets. Their share price can be above or below the value of what they own.
Key facts
- Ticker
- PSH
- ISIN
- GG00BPFJTF46
- Also listed as
- PSHD (London Stock Exchange, US dollars)
- Structure
- Investment trust
- A company listed on the stock exchange that invests in other assets; its price can differ from the value of what it holds.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Domicile
- Guernsey
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Investment trusts
Price chart
Over the last year, the closing price went from £46.36 on 14/11/2025 to £39.32 on 13/11/2026 (−15.2%). The lowest close shown was £36.62 on 18/09/2026 and the highest £50.10 on 05/12/2025.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
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Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
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Questions people ask
Is PSH accumulating or distributing?
PSH is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of PSH?
The ISIN of PSH is GG00BPFJTF46. An ISIN identifies one exact share class of a fund; PSH is its ticker on the London Stock Exchange. The same share class is also listed as PSHD (London Stock Exchange, US dollars).
What were PSH’s returns in each of the last five years?
Calendar-year returns of PSH in pounds (price, with income reinvested in the fund): 2022 −3.3%, 2023 +23.0%, 2024 +12.6%, 2025 +19.6%; 2026 to 13/11/2026 −18.5%. Past performance is not a guide to future returns.
How has PSH done after inflation?
Over the five years to 13/11/2026 PSH’s price changed by +29.3%, or +1.0% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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