Ackman and Loeb Split on Tech, Swapping 925,000 Microsoft Shares for 175,000 Alphabet
Updated
Updated · Reuters · May 16
Ackman and Loeb Split on Tech, Swapping 925,000 Microsoft Shares for 175,000 Alphabet
7 articles · Updated · Reuters · May 16
Bill Ackman built a new Microsoft stake in February after the stock fell, while exiting Alphabet; a source said he finished selling the rest of Google’s parent in the second quarter.
Daniel Loeb moved the other way in first-quarter filings, liquidating 925,000 Microsoft shares held since late 2022 and buying 175,000 Alphabet shares.
Ackman said investors were undervaluing Microsoft 365 and the company’s AI investments, underscoring how the two hedge fund managers now differ on the biggest AI-linked tech names.
Both firms still found common ground in Meta, where Pershing Square and Third Point opened new positions in the first quarter as large investors grew more selective across the Magnificent Seven.
With titans like Ackman and Loeb split on Microsoft and Google, who is making the smarter bet on the future of AI?
While billionaires clash over Microsoft and Google, why do they both agree that Meta is the definitive AI winner?