Pershing Square Builds Microsoft Position as Third Point Dumps 925,000 Shares
In Q1 2026, Pershing Square built a new Microsoft position, Third Point sold 925,000 shares held since late 2022, and the Bill & Melinda Gates Foundation fully divested its remaining Microsoft stock. Pershing Square flagged undervaluation tied to Microsoft 365 and AI investments as its rationale.
1. Pershing Square Builds New Microsoft Position
In February 2026, Pershing Square began acquiring Microsoft shares after a price drop, citing undervaluation driven by Microsoft 365 office suite strength and artificial intelligence investments as the primary rationale for its new stake.
2. Third Point Liquidates 925,000 Microsoft Shares
Daniel Loeb’s Third Point sold 925,000 Microsoft shares during Q1, fully exiting a position held since late 2022 and signaling a more cautious stance on AI-focused technology valuations.
3. Gates Foundation Fully Divests Microsoft Stake
The Bill & Melinda Gates Foundation sold the last of its Microsoft holdings this quarter, completing its exit after years as one of the company’s largest shareholders and potentially redirecting capital toward philanthropic initiatives.