Bill Ackman Returned 70.2% 2020, Averaging 16.9% Since Inception
Thursday, February 18, 2021 · Johnny Hopkins
In the recently released Pershing Square Annual Investor Update, Bill Ackman disclosed that PSH returned 70.2% for 2020, compared to 18.4% for the S&P500:
His biggest contribution came from Index CDS at 36.6%:
His biggest detractor was Berkshire at (3.1%):
His annual net returns have averaged 16.9% since inception, compared to 9.6% for the S&P500: 
You can read the entire update here: