On social media platform X, Pershing Square's (PS) Bill Ackman wrote, "In our 13F which we will file later today, we will disclose a new position in Microsoft (MSFT), a company we have followed for many years now offered at a highly compelling valuation. While PSUS will not be filing a 13F tomorrow, it has also recently made MFST a core holding. Microsoft operates two of the most valuable franchises in enterprise technology, which account for approximately 70% of the company's overall profits: M365 and Azure... In our view, investors underestimate the resilience of the M365 franchise given its deeply embedded role across enterprises and highly attractive price-value proposition. Unlike point software solutions, which may be vulnerable to disintermediation by better-performing AI alternatives, M365 is tightly integrated into the daily workflow of nearly every large enterprise and is supported by Microsoft's identity, security, compliance, and data governance infrastructure, which would be nearly impossible to replicate... we believe that MSFT offers analogous and compelling long-term value at today's valuation."
