Pershing Square USA, Ltd. has 2 Schedule 13D or 13G filings on record since 2026-05-06. 2 holders' latest filing reports 5% or more of 7.50% series a cumulative preferred shares. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Pershing Square Inc. | 100% | 1,000,000 | SCHEDULE 13D, 2026-05-07 | 2026-04-30 |
| Teacher Retirement System Of Texas | 10.3% | 10,270,000 | SCHEDULE 13G, 2026-05-06 | 2026-04-30 |
Purpose of Transaction (Item 4)
Pershing Square Inc.
On April 30, 2026, PSUS Holdings acquired 1,000,000 Preferred Shares in a private placement conducted in connection with the initial public offering of the Issuer's Common Shares, representing all of the outstanding Preferred Shares of the Issuer. Pursuant to the terms of the Preferred Shares and in accordance with the requirements of the Investment Company Act of 1940, as amended (the "1940 Act"), PSUS Holdings, as the holder of the Preferred Shares, will be entitled to elect two Trustees to the Issuer's Board of Trustees at all times and in accordance with the requirements of the 1940 Act would become entitled to elect a majority of the Trustees of the Issuer in the event that two full years' dividends on the Preferred Shares are unpaid. In addition, on April 30, 2026, PSUS Holdings acquired 3,657,680 Common Shares of the Issuer for a purchase price of $50 per share in a private placement conducted in connection with the initial public offering of the Issuer's Common Shares. Following the transaction, PSUS Holdings owned an aggregate 4,000,000 Common Shares of the Issuer, representing less than 5% of the aggregate outstanding Common Shares of the Issuer. In connection with the initial public offering of the Issuer, PS Inc. purchased from the Issuer 40,516,960 Common Shares of the Issuer for resale to the underwriters of the initial public offering of the Issuer, which was completed on April 30, 2026. In addition, PS Inc. purchased from the Issuer 55,483,040 Common …The first part of Item 4 of the SCHEDULE 13D filed 2026-05-07; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-05-06 | Teacher Retirement System Of Texas | 10.3% | SCHEDULE 13G |
| 2026-05-07 | Pershing Square Inc. | 100% | SCHEDULE 13D |
Tools for this story
Each opens in a new tab, filled in for Pershing Square USA, Ltd.. With no account yet, you sign up free and land on the result.
Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.