Bill Ackman Exits Alphabet Stake, Shifts Funds to Meta Platforms
Bill Ackman’s hedge fund Pershing Square Capital Management sold its entire stake in Alphabet within three months and redirected the capital toward increasing its position in Meta Platforms. The move coincided with a broader portfolio adjustment that included new investments in companies like Visa, Mastercard, S&P Global, and Netflix during Q2 2026. Meta has outperformed Alphabet since Ackman’s shift, gaining over 19% compared to Alphabet's decline. This performance gap widened after Meta launched its AI agent 'Muse' on September 8, which saw rapid adoption and strong market reaction. Analysts like Doug Anmuth of JPMorgan upgraded Meta following the launch, citing potential for new revenue streams beyond advertising. The strategic shift highlights Ackman’s confidence in Meta's long-term growth prospects driven by AI innovation, particularly as Alphabet struggles to match similar momentum.
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Topics: Alphabet (GOOG) Bill Ackman Meta Platforms (META) Portfolio Changes Stock Performance