Bill Ackman Exits Alphabet Stock to Boost Meta Position
Bill Ackman's hedge fund Pershing Square sold all of its Alphabet shares in Q2 2026, just three months after purchasing them. The proceeds were used to increase the firm’s stake in Meta Platforms by approximately 20%. This shift appears well-timed as Meta has outperformed Alphabet since mid-2026. The move is part of a broader portfolio adjustment that included new investments in companies like Visa, Mastercard, S&P Global, and Netflix. At the end of Q2 2026, Meta was Pershing Square’s seventh-largest holding within its concentrated 14-stock portfolio. Alphabet's underperformance has been exacerbated by Meta's recent product launch. Meta launched Muse, an AI agent capable of managing daily tasks for users through integration with email, calendars, and apps. The product saw rapid adoption, contributing to a third-quarter rally in the stock. Analysts have upgraded their outlook on Meta due to its potential beyond advertising revenue.
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Topics: Alphabet (GOOGL) Bill Ackman Meta Platforms (META) Pershing Square Portfolio Reallocation