Ackman Holds $2.15B Google Stake, Cites AI Leadership Driving 30% Upside
Bill Ackman’s Pershing Square sold 4.33 million Alphabet shares in Q4 2025, retaining a $2.15 billion position of 6.84 million shares. Ackman cited Google’s AI leadership—reaching over two billion users in 200 countries—and analysts remain nearly 90% bullish with a $385 consensus target implying 30% upside.
1. Ackman Reduces Google Stake
During the fourth quarter of 2025, Pershing Square Capital Management sold approximately 4.33 million Alphabet shares, reducing its holding to over 6.84 million shares valued at more than $2.15 billion, yet maintained Google as its largest portfolio position at 13.83%.
2. AI Leadership Drives Bullish Thesis
In his February 2026 shareholder letter, Ackman emphasized Alphabet’s growing leadership in AI—highlighting the AI Overviews tool that reaches over two billion users across 200 countries—and the integration of Google DeepMind’s Gemini models into Google’s services as key long-term growth drivers.
3. Strong Analyst Sentiment and Upside
As of early March 2026, nearly 90% of covering analysts hold buy ratings on Alphabet, setting a consensus price target of $385.00, which implies roughly 30% upside from current levels and underscores widespread confidence in the company’s AI and cloud growth prospects.