Ackman Boosts Bets on Microsoft, Meta Amid Alphabet Exit

Bill Ackman's Pershing Square has announced changes to its portfolio in the second quarter, which ended June 30. The hedge fund has added several new positions, including Netflix Inc (NASDAQ:NFLX), Mastercard (NYSE:MA), Visa Inc (NYSE:V), and S&P Global Inc (NYSE:SPGI).

Pershing Square also exited its positions in Alphabet Class C (NASDAQ:GOOG) and Alphabet Class A (NASDAQ:GOOGL).

The fund's top holdings include Uber Technologies, Brookfield Corp, Microsoft Corporation, Amazon.com Inc, Howard Hughes, Restaurant Brands International, Meta Platforms, Visa, Mastercard, and S&P Global.

Ackman has increased his bets on Microsoft and Meta, while reducing his stake in Amazon and exiting Alphabet's shares outright. The fund's exposure to the 'Magnificent Seven' stocks went in two directions: adding to Microsoft and Meta, while cutting Amazon and exiting Alphabet's Class A and C shares.