Bill Ackman Sells Alphabet Shares, Increases Investments in Microsoft and Meta

Billionaire investor Bill Ackman's fund Pershing Square Capital Management completely sold its Alphabet shares in its second-quarter portfolio revision, while increasing its stake in Microsoft and Meta Platforms, which face short-term challenges and high artificial intelligence spending.

Alphabet Removed from Portfolio

Pershing Square sold all of its Alphabet shares despite the accelerating sales growth and strong performance in its cloud computing division. With this move, Ackman redirected his capital toward other tech giants under short-term pressure due to artificial intelligence investments.

Microsoft Investments and Financial Performance

Microsoft, whose shares dropped 3 percent over the last 12 months due to concerns over artificial intelligence spending, was among the companies in which the fund increased its stake. In the fourth quarter of fiscal year 2026, the company reported revenue of $90 billion, up 18 percent year-over-year, and adjusted earnings per share of $4.74, up 23 percent.

Cloud computing and artificial intelligence usage stood out in Microsoft's growth. More than 100,000 customers used the Foundry platform, whose revenue grew by more than 100 percent year-over-year, while the company's cloud commercial backlog reached $678 billion, an 84 percent increase year-over-year.

Meta Platforms Stakes Expanded

Meta Platforms, whose earnings per share and free cash flow declined in the second quarter, also faced lawsuits regarding young users' platform usage. Despite this, Pershing Square chose to expand its position in the company.

Meta, whose daily active users reached 3.6 billion with a 3 percent year-over-year increase, leverages artificial intelligence algorithms to boost engagement and ad revenue. CEO Mark Zuckerberg aims to develop personalized AI agents and rent out excess AI computing capacity.