Billionaire investor Bill Ackman is allocating billions of dollars to charge Microsoft (MSFT) while selling Uber (UBER) and two hyperscaler names.
The latest 13F filing from Ackman’s Pershing Square Capital shows that the fund invested $2.092 billion in purchasing 5,654,078 MSFT shares in the first quarter of 2026.
Pershing’s new position in Microsoft is the company’s largest purchase in the first quarter, and the multi-billion-dollar MSFT stake is the fund’s fourth-largest position.
On the sell side, Pershing sold 248,963 UBER shares to reduce his ownership to 29,958,771 UBER shares worth $2.154 billion by the end of the first quarter.
In the same quarter, Ackman’s fund dumped 645,921 shares of Alphabet’s Class A stock (GOOGL), reducing its ownership to 32,376 GOOGL shares worth $9.31 million.
Pershing also sold Alphabet’s Class C (GOOG) shares in the first quarter, selling 5,852,145 GOOG shares and reducing the company’s holdings to 311,726 GOOG shares worth $89.421 million.
Pershing Square cut its stake in both GOOG and GOOGL by 95% last quarter.
And the fund reduced its holdings in social media titan Meta (META), dumping 12,708 META shares to reduce its stake to 2,660,861 META shares worth $1.522 billion.
As of the quarter ended March 31, Pershing Square’s largest holding company is Canadian asset manager Brookfield Corporation (BN), bookkeeping for 17.62% of its portfolio. Brookfield is followed by Amazon (AMZN) at 17.39%, Uber at 15.71%, Microsoft at 15.26% and quick-service food and beverage chain Restaurant Brands International (QSR) at 12.2%.
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Generated image: Midjourney