Netflix Rejoins Ackman’s Portfolio as AI-Fueled Market Shifts
What Happened
Billionaire investor Bill Ackman significantly reshuffled Pershing Square's portfolio, selling his entire stake in Alphabet (Google) while adding a new position in Netflix, along with fresh investments in Visa, Mastercard, and S&P Global. He also increased holdings in Microsoft, Meta, Uber, and Restaurant Brands, while trimming positions such as Amazon. Pershing Square disclosed that it bought more than 13 million Netflix shares, making it a notable new investment.
Key Takeaways
Ackman is shifting capital away from Alphabet and toward businesses he sees as offering better value and long-term growth opportunities. The move signals growing confidence in Netflix's future earnings potential and continued conviction in companies benefiting from AI, digital payments, and platform-based business models such as Microsoft, Meta, Visa, and Mastercard.