Ackman's Pershing Square Snaps Up Microsoft Stake
Pershing Square CEO Bill Ackman says his fund bought into Microsoft following the company's recent share price dip.
Bill Ackman is betting big on Redmond. The Pershing Square CEO disclosed that his fund has taken a new stake in Microsoft after the company's share price took a hit recently.
Ackman's thesis? The market has it wrong. He says investors have underestimated Microsoft, suggesting the stock decline created a buying opportunity his team couldn't pass up.
The move signals confidence in Microsoft's trajectory at a time when others were apparently heading for the exits. Pershing Square is known for making concentrated bets on companies it believes are mispriced by the market.
No details on the size of the position were disclosed. But Ackman going public with the stake is a clear signal — he wants the street to know he's bullish on Microsoft's future.