New York, October 25, 2018 ‐ // Pershing Square Capital Management, L.P. (“PSCM”) today announced a new investment in Hilton Worldwide Holdings Inc. (“Hilton”) (NYSE:HLT).
Q3 hedge fund letters, conference, scoops etc
PSCM has acquired 10.9 million shares of Hilton, representing a 3.7% stake in the company. At its current market value, this investment represents approximately 13.9% of the Net Asset Value of Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH), and a substantially smaller percentage of the PSCM private funds’ portfolios. Pershing Square intends to discuss this investment in greater detail in its third quarter letter and investor call.
About Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P. (“Pershing Square”), based in New York City, is a SEC-registered investment advisor to investment funds.
Contact
Pershing Square Capital Management, L.P.
Fran McGill, 212‐909‐2455
McGill@persq.com
