Bill Ackman's Pershing Square restructured its $13.71 billion portfolio by initiating a new stake of 5.65 million Microsoft shares worth $2.09 billion while substantially reducing its Alphabet holdings. Conversely, David Tepper's Appaloosa Management slashed its Microsoft position by 82% during the same period. Amidst these shifts, Microsoft's Xbox division reported a slim 3% profit margin with internal reports indicating significant job cuts are expected next month.
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Recent 13F filings reveal a sharp divergence as Bill Ackman initiates a $2.09 billion position in Microsoft while David Tepper slashes his holding by 82%.
Xbox CEO warns of slim 3% profit margins as reports from Bloomberg and The Verge signal significant job cuts coming next month.
Pershing Square revealed a new stake in Microsoft and a major reduction in Alphabet shares within its $13.71 billion concentrated equity portfolio.