Ackman shifts Big Tech bets, cuts Amazon 25% and adds $934 million Netflix stake

Sep 13, 2026 16:35 (41d ago)

Verifying

Pershing Square exited Alphabet, reduced Amazon, and increased Microsoft, Meta, and Netflix exposure.
Netflix received a new $934 million investment, while Amazon holdings fell about 25%.
Alphabet, Amazon, and Meta committed $505 billion to $535 billion in 2026 capital expenditures.

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