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Questions, answered.

How does Pershing Square break its business down?
Pershing Square (PS) reports management fees gross by product across 3 parts — Base Management Fee, Management Fees and Variable Management Fee. Each is extracted from the segment footnotes and tracked over time.
Where does Pershing Square 's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Pershing Square 's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.