Pershing Square Exits Alphabet, Lifts Meta 20.1% and Microsoft 9.8% in Q2
Updated
Updated · Benzinga · Aug 17
Pershing Square Exits Alphabet, Lifts Meta 20.1% and Microsoft 9.8% in Q2
3 articles · Updated · Benzinga · Aug 17
Summary
Ackman’s Q2 13F showed Pershing Square sold Alphabet entirely, cut Amazon by 25%, and added to its newer Magnificent Seven bets instead.
Meta rose 20.1% and Microsoft 9.8% because Pershing Square sees Meta’s AI upside as underappreciated and views Microsoft as a core holding built on M365 and Azure.
By quarter-end, Microsoft was Pershing’s No. 3 holding at $2.32 billion, Amazon No. 4 at $2.04 billion, and Meta No. 7 at $1.80 billion.
The reshuffle extends Ackman’s Magnificent Seven strategy that began with Alphabet in 2023, while he still avoids Nvidia, Tesla and Apple.