Ackman's Pershing Square Posts $19.9 Million Q3 Loss, Adds Seven Investments Year to Date

On November 3, billionaire investor Bill Ackman's Pershing Square released its third-quarter earnings, reporting an attributable net loss of $19.9 million, compared with net income of $155.5 million in the same period last year. Quarterly revenue fell 14.5% year over year to $56.6 million, while total expenses rose to $76.7 million from $41.9 million a year earlier. Although recurring management fee income increased, lower performance fees and higher operating expenses weighed on overall profitability. Still, the performance of Pershing Square's investment portfolio outpaced the broader market. The company said it had added seven new investments since the beginning of 2026 and began building a position in an eighth investment after the end of the third quarter. (Sina Finance)