Loading
PS
Pershing Square USA, Ltd. Stock: price and insider trades · United States
2 insiders bought €8.8M of shares over the last 90 days, the latest filed 06 Oct 2026.
Pershing Square USA, Ltd.: what insiders have been doing
Pershing Square USA, Ltd. is a Finance & Banking company. Its directors and officers file their transactions with SEC (Form 4). The last twelve months, up to 18 October 2026, brought 23 filings signed by 10 insiders.
Purchases and sales both appear in the filings: 16 purchases (8 insiders, €273.9M) and 6 sales (1 insider, €4.2M). The net balance comes to €269.7M on the buying side. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Those buying include 4 senior executives, 2 chief executives and 1 board member. Ackman William A filed the largest purchase, €149.2M, on 1 May 2026.
In all, 12 purchases were made within 30 days of a purchase by another insider of the company. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. The latest purchase is recent: it was published 12 days ago, on 6 October 2026. Filings reach the SEC (Form 4) feed a median of 1 day after the trade. Section 16 rules allow two business days to file each Form 4.
Across the 5,811 companies tracked on its exchange, the median is 19 filings; at 23 filings, this issuer sits above that mark. Over the whole record (from 2026), the tally stands at 16 purchases and 6 sales.
Elsewhere in the same sector, our signals recently picked up insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
23
Thresholds
n/a
Buy Volume
€274M
16 ops. · all time
Sell Volume
€4M
6 ops. · all time
Who traded when
BuySaleRetirement System of Texas Teacher6 sales
William A. Ackman5 buys
Ryan Israel4 buys
Ben Hakim2 buys
Halit Coussin1 buy
Jessica A. Falzone1 buy
+3 other insiders
Since the insiders bought
- -5.0%Entry US$39.68 · Close 15 Oct 2026 US$37.69
- -11.3%Entry US$42.51 · Close 15 Oct 2026 US$37.69
- -11.3%Entry US$42.51 · Close 15 Oct 2026 US$37.69
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2024FY ended December 2024 · cache
US$37.69
Analyst consensus
1 analysts2.00/5
US$42.00Target US$42.00(+11%)US$42.00
Income statement
RevenueUS$18.2k
Net income-US$13.8M-75428.9% margin
Valuation
PER (forward)5.2x
Profitability & ownership
% insiders5.7%
% institutions36.4%
Last declaration on 6 October 2026
Declarations23 total
78,138 shares@ US$37.20928.7% of flowCommon Shares of Beneficial InterestSEC:0001193125-26-415861:0
Canonical exit: 31 Dec 2026 (T+90)
120,816 shares@ US$37.445413.5% of flowCommon Shares of Beneficial InterestSEC:0001193125-26-415861:1
Canonical exit: 3 Jan 2027 (T+90)
57,659 shares@ US$37.87376.5% of flowCommon Shares of Beneficial InterestSEC:0001193125-26-415861:2
Canonical exit: 4 Jan 2027 (T+90)
6,177 shares@ US$39.45100.0% of flowCommon Shares of Beneficial InterestSEC:0001193125-26-358101:0
Canonical exit: 16 Nov 2026 (T+90)
6,205 shares@ US$40.065.1% of flowCommon StockSEC:0000796848-26-000011:0
20,000 shares@ US$38.1315.8% of flowCommon StockSEC:0000796848-26-000006:2
25,000 shares@ US$38.1019.8% of flowCommon StockSEC:0000796848-26-000007:1
25,000 shares@ US$38.1119.7% of flowCommon StockSEC:0000796848-26-000006:0
25,000 shares@ US$38.1919.8% of flowCommon StockSEC:0000796848-26-000006:1
25,000 shares@ US$38.0419.7% of flowCommon StockSEC:0000796848-26-000007:0
96,000,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018962:0
3,500,000 shares@ US$50.0072.7% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018381:0
Canonical exit: 29 Jul 2026 (T+90)
21,200 shares@ US$50.000.4% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018381:3
Canonical exit: 29 Jul 2026 (T+90)
34,971 shares@ US$50.000.7% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018381:4
Canonical exit: 29 Jul 2026 (T+90)
200,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018583:0
Canonical exit: 29 Jul 2026 (T+90)
2,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018576:0
Canonical exit: 29 Jul 2026 (T+90)
100,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018575:0
Canonical exit: 29 Jul 2026 (T+90)
500,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018580:0
Canonical exit: 29 Jul 2026 (T+90)
500,000 shares@ US$42.008.7% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018381:1
Canonical exit: 29 Jul 2026 (T+90)
841,000 shares@ US$50.0017.5% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018381:2
Canonical exit: 29 Jul 2026 (T+90)
250,000 shares@ US$50.00100.0% of flowCommon Shares of Beneficial InterestSEC:0001140361-26-018587:0
Canonical exit: 29 Jul 2026 (T+90)
23 of 23 declarations
About Pershing Square USA, Ltd.
Pershing Square USA, Ltd. (ticker: PSUS) is a U.S.-listed investment company traded on the NYSE in the United States. It is structured as a closed-end investment company organized as a Delaware statutory trust and registered with the SEC under the Investment Company Act of 1940. In practical terms, PSUS is not an operating business with industrial products or services; it is a capital-allocation vehicle whose core activity is to invest in public equity positions and build a concentrated portfolio of large companies over a long-term horizon. The company is managed by Pershing Square Capital Management, L.P. (PSCM), the Pershing Square group’s investment manager.
According to its regulatory filings, PSUS was formed in November 2023. Its stated investment objective is to preserve capital while seeking long-term capital appreciation and growth in intrinsic value per share, with risk defined as permanent loss of capital rather than short-term price volatility. The investment strategy is to acquire long-term, large minority stakes in roughly 12 to 15 high-quality, predominantly North American-listed, large-cap growth companies when PSCM believes they are undervalued or when the market is underestimating their future potential. This is consistent with the Pershing Square style: concentrated, high-conviction investing with an activist/value-oriented catalyst framework.
Read moreShow less
From a competitive standpoint, PSUS sits in the listed investment-fund segment, where differentiation depends on portfolio construction, research depth, access to management teams, and the credibility of the manager. Pershing Square is a well-known name in U.S. capital markets, and that brand recognition can support fundraising, investor visibility, and market liquidity. The company’s “product set” is therefore its portfolio exposure rather than physical goods: investors are buying access to PSCM’s stock-picking process, concentrated portfolio construction, and active engagement philosophy.
The most important recent development was the launch and closing of the PSUS IPO in April 2026. Pershing Square disclosed that the offering had an aggregate size of $5 billion, a major milestone that established PSUS as a new publicly traded platform for the group’s U.S. investment strategy. Recent SEC Form 4 filings also reference the completion of the combined transaction on April 30, 2026, confirming that the IPO process and related private placements were finalized. For investors, the key takeaways are that PSUS is a newly listed, U.S.-based NYSE fund with a North America focus, managed by a highly recognizable activist asset manager, and its long-term case will depend on portfolio performance, stock selection, and the manager’s ability to unlock value in concentrated positions.
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
