Bill Ackman Increases Microsoft Stake
Bill Ackman’s hedge fund, Pershing Square, reported a significant investment in Microsoft (NASDAQ: MSFT), acquiring 5,654,078 shares valued at approximately $2.1 billion, representing over 14% of its portfolio. This marks a notable shift from last quarter when the fund held no Microsoft shares, propelling it to become Pershing’s fifth-largest position.
Occurring this quarter, Ackman’s investment comes amid a broader strategy to capitalize on perceived undervaluation. Microsoft shares currently trade at 9.8 times sales, compared to Alphabet’s 11.1 times, indicating a potential investment opportunity following a recent decline in Microsoft’s stock price of about 10% over the last six months.
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