--- title: "Bill Ackman's Pershing Square USA Is Now Public, and This Director Just Bought 10,000 Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/285558340.md" description: "Director Bruce Herring of Pershing Square USA, Ltd. (NYSE:PSUS) purchased 10,000 shares of common stock for approximately $434,000 on May 4, 2026. This transaction gives him a direct ownership stake of 0.025% in the company. The shares were acquired directly, with no indirect or derivative involvement. Following the transaction, Herring retains 10,000 shares. Pershing Square USA, led by Bill Ackman, is a closed-end fund that debuted on the NYSE, appealing to both retail and institutional investors despite its initial trading below IPO price." datetime: "2026-05-07T13:05:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285558340.md) - [en](https://longbridge.com/en/news/285558340.md) - [zh-HK](https://longbridge.com/zh-HK/news/285558340.md) --- # Bill Ackman's Pershing Square USA Is Now Public, and This Director Just Bought 10,000 Shares ## Key Points - Director Bruce Herring bought 10,000 common stock shares for a transaction value of ~$434,000 on May 4, 2026. - Post-transaction, direct ownership represents 0.025% of shares outstanding. - The purchase was made directly, with no indirect or derivative involvement; all shares are held in the direct account. - Herring retains 10,000 shares (direct) following the transaction. - 10 stocks we like better than Pershing Square USA › Bruce Herring, Director of **Pershing Square USA, Ltd.** (NYSE:PSUS), reported an open-market purchase of 10,000 shares of common stock, valued at approximately $434,000, according to the SEC Form 4 filing. ## Transaction summary Metric Value Shares traded 10,000 Transaction value ~$434,000 Post-transaction shares (direct) 10,000 Post-transaction value (direct ownership) ~$425,000 Transaction value based on SEC Form 4 weighted average purchase price ($43.41); post-transaction value based on May 4, 2026 market close ($42.51). ## Key questions - **How does this purchase impact Bruce Herring's ownership position in Pershing Square USA, Ltd.?** The transaction establishes a new direct holding of 10,000 shares of common stock, giving Herring an immediate post-transaction ownership stake of 0.025% in the company as of May 4, 2026. - **What is the structure of the acquired shares—are there indirect or derivative components?** All 10,000 shares were acquired and are held directly, with no involvement of trusts, family entities, or derivative instruments in this transaction. - **Are there other share classes or convertible holdings that could affect the insider's stake?** Herring retains direct holdings of 10,000 Common Shares of Beneficial Interest, which can be converted to Common Stock, supporting ongoing alignment with equity holders beyond the reported share class. ## Overview Metric Value Price (as of market close 5/4/26) $42.51 Exchange NYSE Ticker PSUS ## Snapshot Pershing Square USA, Ltd. is publicly listed on the NYSE under the ticker PSUS. The company is structured as an investment vehicle, providing access to a diversified portfolio managed by experienced professionals. ## What this transaction means for investors Pershing Square USA is headed by Pershing Square Capital Management founder Bill Ackman, and is his debut into the public markets, having gone public via an initial public offering (IPO) at the end of April. PSUS is a closed-end fund that trades on the New York Stock Exchange, and can be traded like a stock. With no performance fees or redemptions, the fund is meant to appeal to both retail and institutional investors. PSUS closed at $40.90 on the day of its market debut, well below its IPO price of $50. However, if you like Ackman and believe in his investing record, PSUS is likely a buy. It’s a highly liquid way to play Ackman’s investing track record and strategy, and investors will benefit from the portfolio appreciation as well as the fees generated via asset manager Pershing Square Inc. Because of its structure and connection to investing royalty, many on Wall Street are likening PSUS to Warren Buffett’s **Berkshire Hathaway**, which itself has delivered monster returns for long-term buy-and-hold investors. ## Should you buy stock in Pershing Square USA right now? Before you buy stock in Pershing Square USA, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Pershing Square USA wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $473,985**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,204,650**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 950% — a market-crushing outperformance compared to 203% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of May 7, 2026._ _Sarah Sidlow has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [PSUS.US](https://longbridge.com/en/quote/PSUS.US.md) - [PS.US](https://longbridge.com/en/quote/PS.US.md) - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Pershing Square USA Chief Executive Officer Purchased Shares Worth Over $240M](https://longbridge.com/en/news/284903455.md) - [NOVAGOLD Announces Election of Directors and Voting Results from 2026 Virtual Annual General Meeting of Shareholders | NG Stock News](https://longbridge.com/en/news/286967241.md) - [The options market is flashing an ominous sign about Nvidia's looming earnings](https://longbridge.com/en/news/286818157.md) - [What happens if you only invest in index funds for 30 years?](https://longbridge.com/en/news/286940398.md) - [A Look At Select Medical Holdings (SEM) Valuation As Recent Performance And Models Send Mixed Signals](https://longbridge.com/en/news/286863175.md)