Bill Ackman says Alphabet stake sale not a bet against the company

Pershing Square Holdings

16/05/2026 08:41

May 16 (Reuters) - Billionaire investor Bill Ackman said on Saturday that the sale of Google parent Alphabet's GOOGL.O shares was not a bet against the company.

Ackman on Friday said his firm Pershing Square had built a new position in tech giant Microsoft MSFT.O after its stock price dropped recently, and sold his long-owned investment in Alphabet to help pay for it.

"To be clear, our sale of Google was not a bet against the company. We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used as a source of funds for Microsoft," Ackman wrote on X on Saturday.

 (Reporting by Mihika Sharma in Bengaluru, Editing by Louise Heavens)

 ((Mihika.Sharma@thomsonreuters.com;))