Pershing Square Capital Management established a new position in Microsoft. Regulatory filings and statements from billionaire investor Bill Ackman confirmed the investment. Ackman’s firm began accumulating shares in February 2026 following a share price decline.
A 13F filing reveals a position of 5.65 million shares. The stake carries a market value of approximately $2.1 billion.
The investment represents a significant bet on Microsoft's AI and cloud computing growth. Ackman cited a compelling valuation for this trajectory. He stated the market underestimates the resilience of the Microsoft 365 franchise. The investor also highlighted growth potential for the Azure cloud platform.
Pershing Square significantly reduced its Alphabet holding to fund the purchase. The move aligns with Pershing's recent strategy of targeting dominant technology companies benefiting from AI.