Ackman Defends Alphabet Sale to Fund Microsoft Stake as Pershing Cites Finite Capital
Updated
Updated · Reuters · May 16
Ackman Defends Alphabet Sale to Fund Microsoft Stake as Pershing Cites Finite Capital
11 articles · Updated · Reuters · May 16
Bill Ackman said Pershing Square’s sale of Alphabet shares was not a bearish call on Google’s parent, but a funding source for a newly built Microsoft position.
Microsoft’s recent stock drop prompted the purchase, while Ackman said finite capital forced the fund to reallocate rather than add the stake outright.
Ackman wrote on X that Pershing remains “very bullish” on Alphabet over the long term, but sees Microsoft as the better use of capital at current valuations.
The clarification followed Ackman’s Friday disclosure that Pershing had exited its long-held Alphabet investment to help pay for the Microsoft trade.
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