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Monday, 05/15/2023 4:52:35 PM

Monday, May 15, 2023 4:52:35 PM

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Pershing Square unveils new stake in Alphabet
By: Investing.com | May 15, 2023

(Reuters) - Billionaire investor William Ackman has built a new stake in Alphabet (NASDAQ:GOOGL) 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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