Pershing Square Builds Microsoft Core Holding, Set to Reveal Stake in 13F Filing

9 articles · Updated · CNBC · May 15

Bill Ackman said Pershing Square has built a new Microsoft position and will disclose the stake in a 13F filing later Friday, calling it a core holding.
Microsoft became attractive, Ackman said, as heavy index ownership and capital run by short-term, leveraged, volatility-sensitive investors created occasional valuation opportunities in dominant long-term franchises.
The post did not specify the size of the investment, but Ackman said Pershing Square has followed Microsoft for years before deciding the stock now offered a compelling entry point.

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