Pershing Square USA, Ltd.

Institutional position changes, all quarters

Action	Institution	Quarter ↓	Δ shares	Δ %	Held after	Flow	Impact
New	LPL Financial LLC	Jun 30, 2026	+127,821	New	127,821	$4.78M	low
New	BTGP Boreas Fund LP - Series A	Jun 30, 2026	+92,625	New	92,625	$3.46M	low