Billionaire hedge fund manager Bill Ackman increased investments in two tech stocks in Q2, aligning his portfolio with Big Tech’s “Magnificent Seven” amid the AI boom. These moves signal confidence in the market’s influential stocks driving momentum and growth, especially in the AI sector reshaping various industries.
Ackman, CEO of Pershing Square Capital Management, made a billion-dollar purchase and expanded a stake in another major holding, focusing on Apple, Microsoft, Amazon, Alphabet, Nvidia, Meta, and Tesla. These tech giants have been a safe haven for hedge funds, particularly amid AI’s accelerating adoption across industries.
Pershing Square’s 13F filing revealed Ackman’s concentrated bets on undervalued companies, with holdings in only 11 publicly traded stocks. His success as a hedge fund manager has resulted in a net worth of $8.25 billion, ranking him on Bloomberg’s Billionaires Index.
Acknowledging AI as a structural trend, Ackman’s latest shift increased investments in Amazon and Alphabet, representing over 24% of Pershing Square’s portfolio. This move underscores his conviction in tech giants driving market performance in the AI era.
Amazon’s strong quarterly results, despite some analysts’ concerns about slower growth in its AWS unit, highlight the potential value of heavy AI-related infrastructure investments over time. The stock’s volatility in 2025 reflects market dynamics, but long-term AI investments remain a focus for Amazon.
Pershing Square also increased its position in Alphabet’s Class A shares by 21%, emphasizing Google’s scale, cash flow, and leadership in AI. This move further demonstrates Ackman’s confidence in Alphabet’s resilience amidst competition from other tech giants.
Bill Ackman’s concentrated bets on Amazon and Alphabet signal his confidence in Big Tech’s future, particularly as AI reshapes industries. His strategic investments align Pershing Square with two crucial technology trends of the next decade, positioning the fund for long-term growth despite regulatory risks and competition.
Read more at Yahoo Finance: Bill Ackman pours billions into 2 tech stocks amid AI boom