Billionaire hedge-fund manager Bill Ackman increased his holdings in 14 stocks during the second quarter of 2026 [1].
These moves signal a strategic pivot toward large-cap technology and streaming, suggesting the Pershing Square manager sees current market volatility as a buying opportunity.
Ackman's most significant move involved Netflix, where he purchased 3.15 million shares [2]. This position represents between 4.9% [3] and 5% [4] of the Pershing Square Capital Management portfolio. The investment marks a return to the streaming giant for Ackman, who previously incurred a $400 million loss on Netflix stock in 2022 [5].
Beyond streaming, Ackman expanded his footprint in other major U.S. equity markets. By the end of May 2026, his position in Microsoft was valued at $2.4 billion [7]. The fund also increased stakes in other names, including Intercontinental Exchange, and S&P Global [8].
While some reports indicate that Ackman added six new stocks to the portfolio in the second quarter [6], other data shows he increased positions across 14 different stocks overall [1]. This expansion reflects a belief that these specific companies are positioned to dominate their respective markets, particularly in the ongoing streaming wars [2, 8].
Pershing Square has historically focused on concentrated bets in high-conviction companies. By doubling down on established tech leaders, Ackman is leveraging the scale of these firms to hedge against broader economic uncertainty.
“Bill Ackman increased his holdings in 14 stocks during the second quarter of 2026.”
Ackman's aggressive return to Netflix, following a massive loss four years ago, indicates a high-conviction bet on the company's long-term dominance in streaming. By pairing this with a multi-billion dollar Microsoft stake, Pershing Square is pivoting toward a portfolio anchored by dominant AI and digital content platforms that possess significant pricing power.
