Billionaire investor Bill Ackman announced on Friday that his hedge fund, Pershing Square, will disclose a new position in Microsoft later today, citing the tech giant’s “highly compelling valuation.”
Ackman’s recently launched closed-end fund, Pershing Square USA, which debuted on the NYSE last month, has already made Microsoft a core holding, he stated on social media platform X.
This move reflects Ackman’s increasing interest in technology stocks.
In February, he revealed that Pershing had bought shares in Meta Platforms, betting that the social media giant would benefit from artificial intelligence advancements.
Source (CNBC)
