Bill Ackman says he built Microsoft position in first quarter

Bill Ackman’s Pershing Square created a location Microsoftbillionaire hedge fund manager he said in a post on X on Friday.

“As two of the greatest forces in equity markets – growing index ownership and increasing amounts of capital controlled by extremely short-term, leveraged, volatility-intolerant investors – come together, we have occasionally found opportunities to purchase some of the most dominant long-term compound franchises at attractive valuations,” the post said. “In our 13F filing later today, we will be announcing a new position in Microsoft, a company we have followed for years, offered at a very attractive valuation.”

Although Ackman did not draw attention to the size of his stake in the technology giant, he described it as a “core holding”.

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