American billionaire Bill Ackman on why he sold Google stocks to buy Microsoft, says: To be clear, our sale of Google was…
Billionaire investor Bill Ackman is making it clear he hasn’t soured on Google. Over the weekend, the Pershing Square founder hopped on X to explain why his fund dumped its long-held Alphabet stake—and it comes down to one thing: he needed the cash to buy Microsoft. “To be clear, our sale of $GOOG was not a bet against the company. We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT,” Ackman posted on May 16.
The clarification followed Pershing Square’s 13F filing a day earlier, which revealed the firm had built a fresh Microsoft position while slashing its Alphabet holdings by 95%.
