William Ackman’s Pershing Square unveils new stake in Alphabet

Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday.

According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end of the first quarter.