An update on Pershing Square USA, Ltd. $PSUS:
Since its IPO on April 29th, PSUS has deployed nearly 85% of its capital in 12 companies including Amazon, Microsoft, UBER, Meta, Brookfield, Restaurant Brands, Fannie Mae and Freddie Mac at prices we believe to be extremely attractive.
The PSUS portfolio, along with the other Pershing Square funds, also includes four new companies, which we will disclose at the time of our second quarter report.
As a result of our investment activity over the last six weeks, we believe the PSUS portfolio is now invested in a number of the highest quality durable growth companies in the world, which are trading near their all-time lowest valuations.
Furthermore, as of this moment, PSUS is trading at a ~20% discount to the net asset value (NAV) of its underlying holdings so a buyer of the stock at today’s price is acquiring the current portfolio at a double discount. We believe the PSUS discount to NAV has emerged due to short-term technical factors related to the IPO that should moderate over time.
Pershing Square management and affiliates are all-in, having acquired more than ten million shares or $500+ million of PSUS in the IPO and in the market thereafter.
In summary, we believe PSUS and its portfolio holdings represent an extremely attractive bargain at today’s share price and we have put our money where our mouth is.
Donald Trump said his administration is still considering a public offering of shares in mortgage giants Fannie Mae and Freddie Mac https://t.co/MFz0WM6sTE
Congratulations to @pulte on the appointment to serve as Acting Director of National Intelligence!
Maybe now you can have a look at the rot behind the Net Worth Sweep? These "items" covering up the intent to destroy the companies will certainly be available to you now.
Parrott and DeMarco orchestrated the steal after Fannie's CFO told them the "golden age of profitability" was coming. Three months later, the $100bn+ Deferred Tax Asset write-off reversal went from the GSEs' balance sheets into Obama's Obamacare disaster—while fake news reporters like Ackerman, Carney, and others cheered the nationalization.
Releasing those documents as President Trump pushes the IPO button would increase investor confidence that something like NWS will never happen again and the companies will be worth more as a result! @SecScottBessent
One year ago today, President @realDonaldTrump announced he was giving serious consideration to bringing Fannie Mae and Freddie Mac public — calling them cash cows ready for privatization. He planned meetings with Treasury Secretary @SecScottBessent Commerce Secretary @howardlutnick FHFA Director @pulte and others for a decision “in the near future.” Fast forward to today: Still waiting. Delays, bureaucracy, and red tape have stalled what should have been a major win for taxpayers and the housing market. Fannie and Freddie continue generating massive profits while stuck in government limbo. Time to follow through and set them free — no more excuses. America needs bold action on housing, not another year of delays. 🇺🇸 Justice for $FMCC $FNMA
$FannieMae $FreddieMac $PrivatizeNow
Fannie Mae and Freddie Mac investors are underestimating the chances of a public market re-entry from the mortgage giants after a lull in chatter around the names, according to Mizuho’s Dan Dolev https://t.co/sFFWrG41ck
This was one of the most infuriating emails I saw in discovery. Parrott should be ashamed of himself. President Trump won the 2016 election to shatter Obama’s dishonest bureaucracy and unleash the power of the U.S. market economy.
If Fannie and Freddie stay in conservatorship because Parrott and DeMarco designed a theft—disguised as saving the GSEs from a death spiral through asset confiscation in 2012 with the Net Worth Sweep—then what was the point of voting for Trump?
Why would anyone study finance and accounting when a lobbyist hack can just waive it all away with a dumb sentence like "... ensuring that they can't recapitalize" when the whole point of a conservatorship is to RECAPITALIZE?
@pulte
Trump says Fannie & Freddie could be worth $1 TRILLION combined. @grok says @ $500B each:
$FNMA ~$431/share
$FMCC ~$769/share
Now trading near $8. Massive upside if privatized? $FNMA $FMCC
Trump says Fannie & Freddie could be worth $1 TRILLION combined. @grok says @ $500B each:
$FNMA ~$431/share
$FMCC ~$769/share
Now trading near $8. Massive upside if privatized? $FNMA $FMCC
Trump says Fannie & Freddie could be worth $1 TRILLION combined. @grok says @ $500B each:
$FNMA ~$431/share
$FMCC ~$769/share
Now trading near $8. Massive upside if privatized? $FNMA $FMCC