The Pershing Square Holdings share price has had a rough time this year. The stock is trading at 2,920p, which is about 6% below the highest point in December last year. Still, the shares are about 23% above where it started the year in 2021. Meanwhile, the Pershing Square Tontine Holdings is trading at $20, which is significantly lower than its 52-week high of $34. Pershing Square Holdings is a closed-end fund run by Bill Ackman, the well-known Wall Street billionaire. It is managed by his hedge fund, Pershing Square Capital. It is also a member of the blue-chip FTSE 100 index. The fund tracks the performance of the flagship fund managed by Ackman. The Pershing Square share price jumped by about 20% in 2021, meaning that it underperformed the performance of the hedge fund. In 2021, the hedge fund delivered returns of about 26.9%, meaning that it was in par with the S&P 500. The fund’s portfolio includes shares like Chipotle Mexican Grill, Hilton Holdings, Agilent Technologies, and Restaurant Brands. Publicly available data shows that the Pershing Square portfolio had a return of 26.9% in 2021. In 2020, it did well, returning about 58% while in 2019, it was one of the best performing funds, returning about 70%. Therefore, if the trend continues, it means that its performance this year will be lower than that of 2021. Pershing Square share price forecast The daily chart shows that the PSH share price has been under intense pressure in the past few weeks. The 25-day and 50-day moving averages have even formed a bearish crossover pattern. It is also approaching the key support at 2,830p, which was the highest level on April 16th. The Relative Strength Index (RSI) is also moving lower. Therefore, the path of the least resistance for the Pershing Square share price is downwards. The next key support levels to watch will be at 2,830p followed by 2,720p. This bearish view will be invalidated if the price moves above 3,000p.