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Pansing Square liquidates Alphabet holdings while establishing a position in Microsoft.

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AIMPACT News, May 16 (UTC+8), reports that Pershing Square Capital Management, a hedge fund firm founded and managed by well-known investor Bill Ackman, has built new positions after the recent drop in the stock price of tech giant Microsoft, and sold its long-held shares of the parent company of Google, Alphabet, to help fund this investment. By the end of the first quarter, Pershing Square still held some Alphabet shares; however, a person familiar with its portfolio said that Bill Ackman currently holds no shares of Alphabet and has fully liquidated them in the second quarter. Ackman believes that after the recent decline in the stock price, Microsoft’s current valuation is “extremely attractive.” He said that investing in Microsoft is the latest in a series of investments in technology companies that all have attractive valuations and long-term, market-leading growth potential. Ackman also said that Microsoft has two of the most valuable enterprise technology businesses—its Azure cloud services division, and the M365 Office productivity suite, which includes the Copilot AI assistant that costs $30 per month—placing Microsoft at the core of the rapidly growing enterprise AI application sector. (Source: BlockBeats)
GOOGLX0.48%
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GateUser-6fd3205e
· 3h ago
How much longer can the story of Azure+Copilot be told?
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HalfLifeHodler
· 3h ago
Microsoft's valuation attractiveness... I heard that last year too
View OriginalReply0
MountainSilhouetteBeforeThe
· 3h ago
Ackman’s recent rebalancing is quite decisive; Microsoft is indeed much cheaper than Google right now.
View OriginalReply0

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