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Billionaires Flip Stocks: Ackman Buys Microsoft, Loeb Buys Google
16 May
Summary
- Ackman invested in Microsoft for AI and Microsoft 365, selling Alphabet.
- Loeb sold Microsoft and bought Alphabet shares in the first quarter.
- Both investors established new positions in Meta Platforms during Q1.
In a notable shift of investment strategy, prominent billionaires Bill Ackman and Daniel Loeb have made contrasting moves in the tech stock market during the first quarter of the current year. Ackman's Pershing Square began accumulating a new stake in Microsoft in February, recognizing value in its artificial intelligence initiatives and Microsoft 365 offerings.
Meanwhile, Loeb's hedge fund, Third Point, divested its entire Microsoft position, which it had held since late 2022. Simultaneously, Third Point acquired a substantial number of shares in Google's parent company, Alphabet. Ackman also reduced his exposure to Alphabet, reportedly exiting the position entirely in the second quarter.
Both investment firms also ventured into Meta Platforms, establishing new positions. This selective investment pattern highlights a trend among major investors, including Ackman and Loeb, to be more discerning with their capital when investing in the "Magnificent Seven" group of AI-focused technology giants like Meta, Microsoft, and Alphabet.
