---
title: "Bill Ackman's new closed-end fund trades 20% below its IPO price. Is the Berkshire-style bet broken?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293105196.md"
description: "Pershing Square USA gives you access to Bill Ackman, but it comes with a unique twist that investors need to understand."
datetime: "2026-07-18T19:33:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293105196.md)
  - [en](https://longbridge.com/en/news/293105196.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293105196.md)
generator: "portal-rs"
---

# Bill Ackman's new closed-end fund trades 20% below its IPO price. Is the Berkshire-style bet broken?

Pershing Square USA gives you access to Bill Ackman, but it comes with a unique twist that investors need to understand.

### Related Stocks

- [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md)
- [PSUS.US](https://longbridge.com/en/quote/PSUS.US.md)
- [BRKU.US](https://longbridge.com/en/quote/BRKU.US.md)
- [BRKC.US](https://longbridge.com/en/quote/BRKC.US.md)
- [BRKW.US](https://longbridge.com/en/quote/BRKW.US.md)
- [07777.HK](https://longbridge.com/en/quote/07777.HK.md)

## Related News & Research

- [What Berkshire's huge wager on Alphabet says about Warren Buffett's post-CEO role](https://longbridge.com/en/news/296258436.md)
- [Pershing Square USA director Lisa Polsky buys $243,685 of common shares](https://longbridge.com/en/news/296489296.md)
- [Billionaire Activist Investor Dan Loeb’s Anti-Buffett Trade — Third Point Buys This Stock as Berkshire Hathaway Slashes Its Major Stake](https://longbridge.com/en/news/296685842.md)
- [Warren Buffett's Successor, Greg Abel, Has 34.7% of Berkshire Hathaway's Portfolio Invested in These 2 Artificial Intelligence (AI) Stocks](https://longbridge.com/en/news/296274565.md)
- [Walmart Upgraded, Decker’s Outdoor Corporation Downgraded: Updated Rankings on Top Blue-Chip Stocks](https://longbridge.com/en/news/296137852.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**