In short: Cited as data — Bill Ackman's listed vehicle in the relayed table, the second value-side data point. −0.8% YTD 2026, −13.4% versus SPY as of Aug 28, 2026. The table's own footnote supplies the caveat that matters most here: "Pershing Square NAV return was −7.1% as of Aug 18 per official weekly report," i.e. the closed-end discount moved in the opposite direction to the portfolio, so the quoted share return understates the underlying loss. Listed on Euronext Amsterdam, not a US exchange. No stance is taken.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.