Overview
- Pershing Square, which disclosed the new Microsoft stake Friday through a 13F filing and an X post, said the stock offers a highly compelling valuation.
- Ackman said he began buying in February after a post‑earnings drop and he did not reveal the size of the position.
- Pershing Square USA, a newly listed closed‑end fund on the NYSE in late April, also holds Microsoft as a core position.
- He cited Microsoft 365 and Azure as deeply embedded enterprise franchises and said the company’s roughly 27% economic interest in OpenAI is undervalued, while casting the reworked OpenAI deal as a shift to a multi‑model approach for customers.
- Microsoft shares rose about 1% to 2% Friday as investors weighed a year‑to‑date decline of more than 15% tied to AI competition and higher data‑center spending that Ackman frames as investment for future growth.