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Pershing Square unveils new stake in Alphabet By Reuters

by Index Investing News
May 15, 2023
in Financial
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© Reuters. FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York, May 4, 2015. REUTERS/Brendan McDermid/File Photo

(Reuters) – Billionaire investor William Ackman has built a new stake in Alphabet (NASDAQ:) worth $1.1 billion, according to a regulatory filing on Monday.

    According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end of the first quarter.



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