Pershing Square Exits 6.1 M Alphabet Shares, Frees $1.64 B for Microsoft
GOOG•GOOG•GOOG•GOOG•Pershing Square sold its final 6.1 million Class C and 678 thousand Class A Alphabet shares in Q2, reallocating about $1.64 billion into Microsoft at a 21× forward earnings multiple while Bill Ackman maintains a long-term bullish view on Alphabet.
Pershing Square Capital Management sold its remaining 6.1 million Class C and 678 thousand Class A Alphabet shares by the end of Q2 2026, trimming a three-year position held at an average cost near $94 and generating approximately $1.64 billion in proceeds.
The firm redirected those proceeds into a new Microsoft stake, disclosing roughly 5.65 million shares valued at about $2.09 billion at quarter-end, acquiring stock at roughly a 21× forward earnings multiple to leverage AI and cloud growth.
Despite fully exiting the position, Bill Ackman emphasized the sale was not a bearish call on Alphabet, underscoring his conviction in the company’s enterprise AI capabilities and long-term growth potential.
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