{"id":6427,"date":"2026-05-16T02:42:15","date_gmt":"2026-05-16T02:42:15","guid":{"rendered":"https:\/\/stock999.top\/?p=6427"},"modified":"2026-05-16T02:42:15","modified_gmt":"2026-05-16T02:42:15","slug":"bill-ackman-has-been-quietly-buying-microsoft-since-february-when-ai-fears-were-dragging-the-stock","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=6427","title":{"rendered":"Bill Ackman has been quietly buying Microsoft since February, when AI fears were dragging the stock"},"content":{"rendered":"

<\/p>\n

Pershing Square Capital Management, the hedge fund run by the billionaire investor, has built a new position in the software giant.\u00a0<\/p>\n

And in typical Ackman fashion, he disclosed the stake in his trademark style: a lengthy post on X on Friday ahead of his firm\u2019s quarterly 13F filing (a required filing for institutional investment managers with over $100 million in assets). He did not disclose the size, but called it a \u201ccore holding.\u201d<\/p>\n

Pershing started accumulating shares in February, after Microsoft\u2019s stock fell about 10% the day after Q2 earnings, with a 1% lower-than-expected cloud growth alongside a surge in capital spending. \u201cWe were able to establish our position at a valuation of 21 times forward earnings, broadly in line with the market multiple and well below Microsoft\u2019s trading average over the last few years,\u201d Ackman wrote in the post.<\/p>\n

Microsoft\u2019s stock is down more than 15% year-to-date as it fights to prove that its Azure cloud business has enough revenue to justify its AI spending. The erosion of its partnership with AI, which was recently restructured to strip Microsoft of exclusive distribution rights, only furthered those concerns.<\/p>\n

Ackman sees that restructuring as a pivot to a multi-model architecture that can better suit the needs of its enterprise customers.<\/p>\n

He also argues that investors underestimate Microsoft\u2019s 365 productivity suite and its stickiness, saying the suite is \u201cdeeply embedded\u201d in enterprises and \u201cnearly impossible to replicate,\u201d he wrote.<\/p>\n

Ackman pushed back on concerns over Microsoft\u2019s $190 billion 2026 capex budget, arguing it as growth investment on a J curve rather than a threat to margins. He also pointed out that Microsoft\u2019s market capitalization does not yet reflect its 27% economic interest in OpenAI\u2014 worth approximately $200 billion at the startup\u2019s most recent funding round valuation, he said.<\/p>\n

The Microsoft buy continues Ackman\u2019s pattern of stepping into Big Tech during periods of AI-related skepticism.<\/p>\n

\u201cWe acquired Alphabet when the stock declined substantially on the release of ChatGPT in late 2022, Amazon in the weeks following Liberation Day, and Meta more recently on the market\u2019s response to the company\u2019s unexpectedly large capex guidance,\u201d he wrote.<\/p>\n

#Bill #Ackman #quietly #buying #Microsoft #February #fears #dragging #stock<\/p>\n","protected":false},"excerpt":{"rendered":"

Pershing Square Capital Management, the hedge fund run by the billionaire investor, has built a…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[2082,353,1844,2078,348,12176,1153,445,881,813,879,406,555,91],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6427"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6427"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6427\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}