Ackman's Pershing Square to Disclose Microsoft Stake as Core Holding at 21x Forward Earnings
Bill Ackman's Pershing Square will disclose a new Microsoft stake in its next 13F, having built a core position since February at about 21x forward earnings. Ackman cited Microsoft’s 450m M365 users for 70% of profits, a $190B 2026 capex and 27% economic interest in OpenAI valued near $200B.
1. Pershing Square to Disclose Microsoft Position in 13F
Pershing Square will reveal a new Microsoft stake in its upcoming 13F filing, following initial purchases since February at approximately 21x forward earnings. The position has been elevated to a core holding for Pershing Square USA, underscoring Ackman’s conviction in Microsoft’s long-term prospects.
2. Ackman Cites Ecosystem Strength and Growth Investments
Ackman pointed to Microsoft’s 450 million daily M365 users generating about 70% of profits, a projected $190 billion 2026 capex budget viewed as growth investment, and a 27% economic interest in OpenAI valued near $200 billion as key drivers behind his bullish stance.