Ackman just walked away from Google

Bill Ackman, a prominent investor through Pershing Square Capital Management, recently sold his stake in Alphabet, the parent company of Google. The sale was not unexpected, as Ackman had been gradually reducing his holdings in the company over the past few quarters. The exact amount of the sale was not disclosed, but it amounted to roughly $110 million, which is still a significant chunk of his overall portfolio.

In contrast, during the same quarter, Ackman invested heavily in four new companies, including Visa, Mastercard, S&P Global, and Netflix, adding a total of $4.2 billion to his portfolio. This move indicates that Ackman is shifting his focus from technology companies to more traditional, stable investments in financial services.