Bill Ackman Bets Big on Magnificent 7 Stocks, But Only Loves 3 of Them
benzinga_article·
- Bill Ackman and Pershing Square Capital adjusted their portfolio by completely selling Alphabet stock, cutting Amazon stock by 25 %, and increasing Meta and Microsoft positions by 20.1 % and 9.8 %, respectively.
- Microsoft, Amazon, and Meta ranked in the fund's top 10 assets at the end of the second quarter, valued at $ 2.32 billion, $ 2.04 billion, and $ 1.80 billion.
- The investments in Meta and Microsoft are driven by strong enterprise franchises, digital advertising leadership, AI integration potential, and favorable valuations.