Billionaire Bill Ackman Built a $2.1 Billion Stake in Microsoft After the Stock Slid. Is It Still a Buy?
The investment is starting to pay off.
Overview
Billionaire hedge fund manager Bill Ackman, founder of Pershing Square Capital Management, made a big bet earlier this year on "Magnificent Seven" stock Microsoft (NASDAQ: MSFT).
In the first-quarter 13F filing, released in May, Pershing Square revealed it bought 5.7 million shares of Microsoft stock at a value of $2.1 billion. The tech giant immediately became Ackman's fourth-largest holding, making up 15.2% of the portfolio.
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Source
Originally published at www.fool.com.
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