{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NYSE/PSUS",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Pershing Square USA, Ltd. (NYSE: PSUS) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Pershing Square USA, Ltd., listed on the NYSE under the ticker PSUS, with ISIN US71531T1051 and LEI 254900AMK61BS77QD629. Its security type is recorded as non-operating entity (other), and its jurisdiction is the United States, Delaware. Segment and sector are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 52 filings in the twelve months from 2025-11-08 to 2026-11-08, across 23 filing days. Of these, 30 are directors' dealings, 1 is a prospectus and 21 are regulatory filings. The median gap between filing days is 3.5 days. The latest filing is dated 2026-10-06 and is a directors' dealings filing, 33 days before the record date. The NYSE median cadence gap is 6.0 days, its median of filings is 64.0, and its median latency is 4.0 days. The sector median is not on the record for the US market.\n\n## Auditor\n\nThe auditor of record is not on the record, because the latest annual report cover carries no auditor name tag. The auditor's location is not on the record, and the record holds no auditor changes.\n\n## Events and halts\n\nThe record holds two listing lines, both dated 2026-04-29. It holds no delisting and no name change. The domicile change is not on the record, because EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, because the exchanges' tier transfers are not EDGAR filings. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable for this issuer. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read for this issuer. The count is 0.\n\n## Open research\n\nNo openly published research notes were found for this issuer. The count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe record holds sealed filings for this issuer in the years 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0002002660.json (identity.jurisdiction)\n- https://api.gleif.org/api/v1/lei-records/254900AMK61BS77QD629 (identity.lei)\n- https://mcp.us-cm-kg.ai/events/NYSE/PSUS (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.us-cm-kg.ai/record/NYSE/PSUS (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NYSE/PSUS",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 3256,
     "median_cadence_gap_days": 6,
     "median_filings": 64,
     "median_latency_days": 4,
     "name": "NYSE"
    },
    "sector": {
     "market": "US",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "directors_dealings": 30,
    "prospectus": 1,
    "regulatory_filing": 21
   },
   "cadence_median_gap_days": 3.5,
   "filing_days": 23,
   "filings": 52,
   "latency_days": 33,
   "latest": [
    {
     "category": "4",
     "date": "2026-10-06",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000119312526415861/xslF345X06/ownership.xml",
     "title": "4 — 4",
     "type": "directors_dealings"
    },
    {
     "category": "NPORT-P",
     "date": "2026-08-28",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000141036826088161/xslFormNPORT-P_X01/primary_doc.xml",
     "title": "NPORT-P",
     "type": "regulatory_filing"
    },
    {
     "category": "N-PX",
     "date": "2026-08-25",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000143893426001590/xslN-PX_X01/primary_doc.xml",
     "title": "N-PX",
     "type": "regulatory_filing"
    },
    {
     "category": "N-CSRS",
     "date": "2026-08-21",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000119312526360100/d87027dncsrs.htm",
     "title": "N-CSRS — PERSHING SQUARE USA, LTD.",
     "type": "regulatory_filing"
    },
    {
     "category": "4",
     "date": "2026-08-20",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000119312526358101/xslF345X06/ownership.xml",
     "title": "4 — 4",
     "type": "directors_dealings"
    }
   ],
   "latest_filing_date": "2026-10-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/PSUS",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NYSE"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-13",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "US71531T1051"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002002660.json",
    "state": "sourced",
    "value": "United States — Delaware"
   },
   "lei": {
    "read_by": "GLEIF name-exact (jurisdiction US-DE; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/254900AMK61BS77QD629",
    "state": "filled",
    "value": "254900AMK61BS77QD629"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002002660.json",
    "state": "sourced",
    "value": "Pershing Square USA, Ltd."
   },
   "sector": {
    "market": "US",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002002660.json",
    "state": "sourced",
    "value": "Non-operating entity type (other)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "PSUS"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [
    {
     "date": "2026-04-29",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000087666126000369/PSUS042926.pdf",
     "title": "CERT — NYSE CERTIFICATION"
    },
    {
     "date": "2026-04-29",
     "source": "https://www.sec.gov/Archives/edgar/data/2002660/000114036126017541/ef20071622_8a12b.htm",
     "title": "8-A12B — 8-A12B"
    }
   ],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:7e4c12b166956b33a8411b4c96c5344a600e43f2a6e094d2fe65ba01981727ec",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NYSE/PSUS",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:7e4c12b166956b33a8411b4c96c5344a600e43f2a6e094d2fe65ba01981727ec",
 "path": "/us/NYSE/PSUS",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Pershing Square USA, Ltd., listed on the NYSE under the ticker PSUS, with ISIN US71531T1051 and LEI 254900AMK61BS77QD629. Its security type is recorded as non-operating entity (other), and its jurisdiction is the United States, Delaware. Segment and sector are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 52 filings in the twelve months from 2025-11-08 to 2026-11-08, across 23 filing days. Of these, 30 are directors' dealings, 1 is a prospectus and 21 are regulatory filings. The median gap between filing days is 3.5 days. The latest filing is dated 2026-10-06 and is a directors' dealings filing, 33 days before the record date. The NYSE median cadence gap is 6.0 days, its median of filings is 64.0, and its median latency is 4.0 days. The sector median is not on the record for the US market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, because the latest annual report cover carries no auditor name tag. The auditor's location is not on the record, and the record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds two listing lines, both dated 2026-04-29. It holds no delisting and no name change. The domicile change is not on the record, because EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, because the exchanges' tier transfers are not EDGAR filings. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable for this issuer. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read for this issuer. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for this issuer. The count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The record holds sealed filings for this issuer in the years 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0002002660.json"
  },
  {
   "for": "identity.lei",
   "source": "https://api.gleif.org/api/v1/lei-records/254900AMK61BS77QD629"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/PSUS"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NYSE/PSUS"
  }
 ],
 "title": "Pershing Square USA, Ltd. (PSUS) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}