Ackman, Third Point Reshape Alphabet Holdings with Exits and 175,000-Share Buy
Activist investor Bill Ackman's Pershing Square sold down most of its Alphabet stake in Q1 and fully exited the remaining holding in Q2, while Daniel Loeb's Third Point acquired 175,000 Alphabet shares during Q1. Hedge fund legend Stanley Druckenmiller also offloaded his Alphabet position as TCI Fund Management initiated buying.
1. Alphabet Stake Reductions by Pershing Square
In the first quarter, Pershing Square Capital Management trimmed the majority of its Alphabet shares and completed a full divestment in the second quarter, reallocating capital into Microsoft after identifying underappreciated value in its Microsoft 365 suite and AI initiatives.
2. Third Point’s Quarter Moves
Daniel Loeb’s Third Point sold 925,000 shares of Microsoft during Q1 while establishing a 175,000-share position in Alphabet, underscoring a selective rebalancing among the ‘Magnificent Seven’ and a strategic bet on Alphabet’s artificial intelligence growth prospects.
3. Druckenmiller Exit and TCI Entry
Veteran macro investor Stanley Druckenmiller liquidated his entire Alphabet holding, whereas TCI Fund Management initiated a new position, reflecting contrasting outlooks on Alphabet’s long-term trajectory and signaling varied confidence levels among major fund managers.
