Bill Ackman announced Friday that Pershing Square acquired a new stake in Microsoft Corp. The billionaire investor described the current valuation of the technology giant as highly compelling. Pershing Square will officially disclose the position in its upcoming 13F filing. Ackman’s new U.S.-based closed-end fund, Pershing Square USA (PSUS), also designated Microsoft as a core holding.
A recent decline in Microsoft's share price prompted the purchase. Ackman attributed the dip to investor concerns regarding competition for the M365 suite. He also cited worries over the durability of Azure's cloud growth. Ackman argued that the market underestimates the resilience of the M365 franchise within enterprise workflows. This acquisition follows his recent pattern of investing in Meta, Amazon, and Alphabet during periods of share price weakness.