Pershing Square AUM Reaches $33.0B Following $4.9B IPO of New Fund

Pershing Square Inc. released its Q1 2026 and April 2026 financial supplement, reporting total Assets Under Management (AUM) of $33.0 billion as of April 30, 2026. The significant increase in AUM was primarily driven by the closing of the initial public offering for its new fund, Pershing Square USA, Ltd. (PSUS).

Key Details

• Total AUM: Reached $33.0 billion as of April 30, 2026, a 24% increase from $26.6 billion on March 31, 2026.
• PSUS IPO: The newly launched Pershing Square USA, Ltd. (PSUS) raised approximately $4.9 billion in net proceeds from its combined IPO and transaction, which closed on April 30, 2026.
• AUM Breakdown: As of April 30, 2026, AUM consists of $17.8 billion in Pershing Square Holdings (PSH), $4.9 billion in PSUS, $8.8 billion in Howard Hughes Holdings (HHH), and $1.5 billion in other private funds.