Pershing Square Investor Presentation Deck
BRK.B Share Price Performance Since Inception
BRK's share price decreased 15% since inception through our share sale in
May 2020. We made the decision to sell the position to deploy the capital into
more opportunistic investments
BRK.B share price performance from 5/23/2019 to 5/7/2020:
$240
Share price
$230
$220
$210
$200
$190
$180
$170
$160
2/15/20: BRK annual report highlights substantial appreciation in tangible book
value, expanded cash balances and more robust pacing in share buybacks
11/2/19: BRK's cash balance
rises to $128 billion
5/2/20: BRK annual investor meeting.
Buffett conveyed a very cautious
tone on the short-to-medium-term
economic outlook
5/2/20: Q1 earnings reveal BRK was
only a very modest net buyer of
stocks in Q1, and a net seller in April
amidst the market dislocation
May-2019
Jul-2019
Sep-2019
Nov-2019
Jan-2020
Mar-2020
Note: The performance of BRK.B's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds.
*Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation.
55
$206*View entire presentation