Bill Ackman is betting big on Microsoft’s success in the AI era.
“In our 13F which we will file later today, we will disclose a new position in Microsoft, a company we have followed for many years now offered at a highly compelling valuation,” the billionaire investor wrote in an early-morning X post on Friday.
“While $PSUS will not be filing a 13F tomorrow, it has also recently made $MFST a core holding,” he added.
Ackman’s Pershing Square hedge fund is set to disclose its US stock holdings as of March 31 later today, in an SEC filing known as a “13F.”
He listed Pershing Square USA, a closed-end fund marketed toward retail investors, on the New York Stock Exchange in late April.
Ackman introduced the new position on X by saying his team have “found occasional opportunities to acquire some of the most dominant long-term compounding franchises at attractive valuations.”
He gave Alphabet, Amazon, and Meta as examples in recent years.
Ackman explained his Microsoft wager by pointing to its ownership of “two of the most valuable franchises in enterprise technology”,” namely M365 —a software suite that includes Word, Excel and Powerpoint — and Azure, its cloud platform which is already playing a key role in powering the AI boom.
He also wrote that Microsoft’s valuation “does not reflect the value of Microsoft’s approximately 27% economic interest in OpenAI, which would represent approximately $200 billion, or 7% of Microsoft’s market capitalization, at OpenAI’s most recent funding round valuation.”
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