🐢 Dataroma: Buffett Piles Into Alphabet at $16.6B as Ackman Bets on Microsoft
Berkshire lifted its Alphabet stake to roughly 58 million shares (~$16.6B, forward P/E near 25x) and Bridgewater's Ray Dalio added too, even as Pershing Square's Bill Ackman sold over 95% of his Alphabet position to rotate into Microsoft — a split that echoes BlackRock's bullish 'AI scarcity/infrastructure' thesis and Schroders' preference for value-priced quality names over richer growth bets, with PIMCO's view that the Fed holds rates steady keeping the backdrop supportive for both mega-cap wagers.
Why it matters: The split suggests top investors share conviction that AI infrastructure spending is durable but disagree on which mega-cap best captures it, a divergence that may point to rotation within AI-exposed equities rather than a broad re-rating; not investment advice.
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