Bill Ackman Exits Alphabet, Raises Bets on Microsoft & Meta

Meta Platforms
Amazon.com, Inc.
Alphabet Inc. Class A
Alphabet Inc. Class C
Microsoft Corporation

Meta Platforms

META

0.00

Amazon.com, Inc.

AMZN

0.00

Alphabet Inc. Class A

GOOGL

0.00

Alphabet Inc. Class C

GOOG

0.00

Microsoft Corporation

MSFT

0.00

Bill Ackman‘s Pershing Square unveiled the latest changes to the hedge fund on Friday, including the newly announced re-entry into Netflix Inc (NASDAQ:NFLX).

New Positions

Pershing Square unveiled several new positions in the second quarter, which ended June 30, 2026. Here’s a look at the changes to the portfolio compared to first quarter.

  • Netflix Inc (NASDAQ:NFLX): Add 13,081,465 shares
  • Mastercard (NYSE:MA): Add 2,124,646 shares
  • Visa Inc (NYSE:V): Add 3,270,470 shares
  • S&P Global Inc (NYSE:SPGI): Add 2,593,155 shares
  • Pershing Square USA (NYSE:PSUS): Add 4,000,000 shares

Read Also: Bill Ackman Wants To Follow Buffett, Build The Next Berkshire Hathaway: 'It's Something I've Always Wanted To Do'

Exited Positions

In the second quarter, Pershing Square exited positions in the following stocks:

  • Alphabet Class C (NASDAQ:GOOG)
  • Alphabet Class A (NASDAQ:GOOGL)

Portfolio Changes

The second-quarter 13F showed changes in the existing stocks held by Pershing Square. Here are the top decreases in stakes by Pershing Square in the second quarter, by percentage.

  • Amazon.com Inc (NASDAQ:AMZN): -25.2%
  • Brookfield Corp (NYSE:BN): -3.7%
  • Hertz Global Holdings (NASDAQ:HTZ): -1.6%

Here are the top additions in the second quarter by percentage:

  • Meta Platforms (NASDAQ:META): +20.1%
  • Uber Technologies (NYSE:UBER): +14.6%
  • Restaurant Brands International (NYSE:QSR): +14.0%
  • Microsoft Corporation (NASDAQ:MSFT): +9.8%

Top Holdings

At the end of the second quarter, these were the largest stock holdings in the Pershing Square portfolio and their valuation at the time:

  • Uber: $2.48 billion
  • Brookfield: $2.45 billion
  • Microsoft: $2.32 billion
  • Amazon: $2.04 billion
  • Howard Hughes: $1.99 billion
  • Restaurant Brands: $1.87 billion
  • Meta Platforms: $1.80 billion
  • Visa: $1.12 billion
  • Mastercard: $1.09 billion
  • S&P Global: $1.06 billion
  • Netflix: $934 million

New stakes in Visa, Mastercard and S&P Global all landed in the top 10 to end the quarter. Ackman’s Magnificent Seven exposure went in two directions: he added to Microsoft and Meta, both top-10 holdings, while cutting Amazon and exiting Alphabet’s Class A and Class C shares outright. Amazon is still a top-five position.

Photo courtesy: T. Schneider / Shutterstock.com

Read Also: Bill Ackman Vs. Buffett Successor: Mastercard, Visa Stock Battle Lines Drawn — Who Wins?

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.