Bill Ackman Exits Alphabet, Raises Bets on Microsoft & Meta

Bill Ackman’s Pershing Square reported major Q2 portfolio changes that were broadly constructive for large-cap tech and payment stocks. The fund exited both Alphabet share classes entirely, cut Amazon by 25.2%, and increased exposure to Microsoft by 9.8% and Meta by 20.1%. It also initiated sizable new positions in Netflix, Mastercard, Visa, and S&P Global, with Visa and Mastercard landing among the top 10 holdings by quarter-end. The disclosure suggests Ackman is rotating capital away from Alphabet and toward companies with stronger perceived growth, monetization, and durable cash flow. For Microsoft, the article highlights a clear vote of confidence from a high-profile hedge fund manager, which can be sentiment-positive for the stock even though the move is portfolio-specific rather than company-specific.