Bill Ackman's $5 billion fund trades 20% below its NAV as S&P 500 soars — and high fees aren't helping
Pershing Square USA (PSUS) is trading in the $40 range versus a reported NAV of $50.32 per share, a roughly 20% discount, which Bill Ackman called “frankly absurd.”
Aug 16, 2026 ·
Yahoo Finance

















