Pershing Square Holdings

Bill Ackman's Pershing Square sold its entire stake in Alphabet, trimmed Amazon, and bought an additional 553,000 Microsoft shares, making Microsoft the fund's largest AI position at $2.3 billion (6.2 million shares). Pershing cites strong Azure growth, popular M365 products and positive free cash flow — Microsoft reported $90 billion revenue for the quarter, $35.76 billion net income, and $19.6 billion in free cash flow — as the rationale for concentrating AI exposure in Microsoft. The fund views Azure as well positioned amid supply-constrained compute markets and expects Copilot-driven adoption to further entrench Microsoft 365. » Plus sur finance.yahoo.com

Pershing Square, led by Bill Ackman, owned about 8.56 million Amazon shares at end of June, representing over $2 billion or 10.5% of its $19.5 billion portfolio after a recent trim. Ackman cites Amazon's large capex push—projected to roughly $220 billion for the year—to expand AWS data centers and capture AI-driven demand, noting AWS revenue growth above 30% in 2026. He also points to 15% unit volume growth in retail and forecasts Amazon can compound total earnings at least 20% annually. » Plus sur finance.yahoo.com

Bill Ackman's Pershing Square initiated a new position in Visa, acquiring 3.27 million shares worth about $1.12 billion as of June 29, 2026. The move is part of a broader allocation of more than $3 billion across payments and financial-data firms, including new stakes in Mastercard and S&P Global. The investment aligns with Visa's strong fiscal performance—double-digit revenue, payment volume and transactions growth—and strategic push into value-added services, AI partnerships and stablecoin infrastructure. » Plus sur finance.yahoo.com