Bill Ackman Sells Alphabet Stock, Buys Microsoft Shares
Billionaire investor Bill Ackman's hedge fund Pershing Square sold its entire long-term investment in Alphabet (GOOG) to finance a new position in Microsoft (MSFT). The move comes as Alphabet has outperformed the market this year while Microsoft shares have declined. Ackman clarified that the sale was not a bet against Alphabet but rather a capital allocation decision.
Topics: Alphabet (GOOG/GOOGL) Bill Ackman Hedge Fund Strategy Microsoft (MSFT)