Bill Ackman's Pershing Square accumulates massive $1.2 billion position in Google

May 15, 2023 5:03 PM EDT

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Shares of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) gained fractionally after-hours Monday following news that Bill Ackman's Pershing Square Capital hedge fund has amassed a more than 10 million share stake in the mega-cap.

A 13F filing with the SEC after the close of trading showed that Pershing Square now owns 8,069,770 C shares (GOOG) and 2,185,000 (GOOGL) A shares.

The shares were owned as of the quarter ended March 31, 2023. At some point between the end of 2022 and March 31, the fund accumulated the stock.

The value of the position as of Monday's close was nearly $1.2 billion.

By Staff

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