Bill Ackman Reveals Why He Still Holds Alphabet, Amazon, and Meta Stocks

Billionaire Bill Ackman, founder of Pershing Square Capital Management, said he is still holding his positions in Big Tech stocks, specifically Alphabet (GOOGL, GOOG), Amazon (AMZN), and Meta (META), at a time when Wall Street is questioning the massive spending these companies are pouring into artificial intelligence.

Ackman made the comments during a Forbes Iconoclast interview, where he also discussed his fund's IPO plans and the Howard Hughes deal.

Details of the Comments

Ackman did not provide specific valuation details but indicated he continues to hold significant stakes. Pershing Square's latest 13F filing showed positions in Alphabet, Amazon, and Meta as of Q1 2026.

Context

The remarks come as Big Tech faces investor pressure to justify tens of billions in AI infrastructure spending. Some analysts worry that returns on these investments may not materialize as quickly as expected.

What It Means for Investors

A prominent investor like Ackman sticking with Big Tech may send a positive signal, but it is not a buy recommendation. Investors should evaluate each company's fundamentals and AI spending risks before making decisions.