Microsoft 365 Write, Create & Collaborate with AI4%random_number(xxxx)%

Bill Ackman built Microsoft stake in first quarter during sell-off, betting on AI and cloud growth

As a result, some investors pay close attention to what stocks the fund is buying and selling. The hedge fund manager said investors have become overly concerned about Microsoft’s competitive positioning in AI and the durability of growth at its Azure cloud business. A high-profile hedge fund recently bought Microsoft stock and sold its Alphabet shares. The sell-off was driven largely by fears that artificial intelligence will eat software and specifically that Microsoft’s hefty AI investments won’t produce the desired results. Ackman cited Microsoft’s “highly compelling valuation” on the heels of recent sell-offs as a core reason for backing the stock. Microsoft (MSFT +3.04%) stock is solidly in the green on Friday despite a bearish backdrop for tech stocks.

Cost basis and return based on previous market day close. Microsoft is rising today following news that Bill Ackman’s Pershing Square Capital Management had bought shares and sold out of its position in Alphabet. The stock had been up as much as 4.1% earlier in the session.

Stocks Mentioned

“To be clear, our sale of $GOOG was not a bet against the company. We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT,” Ackman wrote. In a separate post on Saturday, Ackman said his company used the sale of shares of Google parernt Alphabet to help fund the Microsoft share acquisition. Ackman disclosed the investment in a lengthy post Friday ahead of his firm’s quarterly 13F filing, saying Pershing Square began accumulating shares in February after Microsoft’s stock declined following its fiscal second-quarter earnings report. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

The company’s share price was up 3% as of noon ET. He said the company’s Office productivity suite, known as M365, remains deeply embedded across enterprises and difficult to replicate because of Microsoft’s security, compliance and identity infrastructure. Microsoft shares have fallen more than 26% from their record high reached in July 2025.

Ackman drops Alphabet and buys Microsoft

The move followed Ackman’s initial public offerings of closed-end fund Pershing Square USA Ltd., which began trading under the ticker PSUS, and asset manager Pershing Square Inc., listed as PS, last month. While Ackman didn’t note the size of his stake in the tech giant, he called it a “core holding.” “We were able to establish our position at a valuation of 21 times forward earnings, broadly in line with the market multiple and well below Microsoft’s trading average over the last few years,” Ackman wrote.

Keith Noonan has no position in any of the stocks mentioned. With Pershing moving out of Alphabet and into Microsoft, the latter company has gotten a high-profile vote of confidence from a leading investment firm. Pershing Square is a hedge fund founded and run by billionaire Bill Ackman, and it has an impressive track record of success. The dual structure allows investors to gain exposure either to the underlying portfolio or to the management business itself.

Ackman drops Alphabet and buys Microsoft

Bill Ackman’s Pershing Square has built a position in Microsoft, as the hedge fund manager said the software giant’s recent pullback created a rare opportunity to buy one of the world’s dominant technology franchises at a compelling valuation. https://sirgikaldental.com/ Despite strong business results, Microsoft has seen sell-offs this year as some investors have bet that the company faces meaningful disruption risks from other artificial intelligence (AI) players. On the other hand, the tech giant has a very strong position in the AI market and broader software space.

Posted: May 17, 2026 7:29 pm


According to Agung Rai

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“The concept of taksu is important to the Balinese, in fact to any artist. I do not think one can simply plan to paint a beautiful painting, a perfect painting.”

The issue of taksu is also one of honesty, for the artist and the viewer. An artist will follow his heart or instinct, and will not care what other people think. A painting that has a magic does not need to be elaborated upon, the painting alone speaks.

A work of art that is difficult to describe in words has to be seen with the eyes and a heart that is open and not influenced by the name of the painter. In this honesty, there is a purity in the connection between the viewer and the viewed.

As a through discussion of Balinese and Indonesian arts is beyond the scope of this catalogue, the reader is referred to the books listed in the bibliography. The following descriptions of painters styles are intended as a brief introduction to the paintings in the catalogue, which were selected using several criteria. Each is what Agung Rai considers to be an exceptional work by a particular artist, is a singular example of a given period, school or style, and contributes to a broader understanding of the development of Balinese and Indonesian paintng. The Pita Maha artist society was established in 1936 by Cokorda Gde Agung Sukawati, a royal patron of the arts in Ubud, and two European artists, the Dutch painter Rudolf Bonnet, and Walter Spies, a German. The society’s stated purpose was to support artists and craftsmen work in various media and style, who were encouraged to experiment with Western materials and theories of anatomy, and perspective.
The society sought to ensure high quality works from its members, and exhibitions of the finest works were held in Indonesia and abroad. The society ceased to be active after the onset of World War II. Paintings by several Pita Maha members are included in the catalogue, among them; Ida Bagus Made noted especially for his paintings of Balinese religious and mystical themes; and Anak Agung Gde Raka Turas, whose underwater seascapes have been an inspiration for many younger painters.

Painters from the village of Batuan, south of Ubud, have been known since the 1930s for their dense, immensely detailed paintings of Balinese ceremonies, daily life, and increasingly, “modern” Bali. In the past the artists used tempera paints; since the introduction of Western artists materials, watercolors and acrylics have become popular. The paintings are produced by applying many thin layers of paint to a shaded ink drawing. The palette tends to be dark, and the composition crowded, with innumerable details and a somewhat flattened perspective. Batuan painters represented in the catalogue are Ida Bagus Widja, whose paintings of Balinese scenes encompass the sacred as well as the mundane; and I Wayan Bendi whose paintings of the collision of Balinese and Western cultures abound in entertaining, sharply observed vignettes.

In the early 1960s,Arie Smit, a Dutch-born painter, began inviting he children of Penestanan, Ubud, to come and experiment with bright oil paints in his Ubud studio. The eventually developed the Young Artists style, distinguished by the used of brilliant colors, a graphic quality in which shadow and perspective play little part, and focus on scenes and activities from every day life in Bali. I Ketut Tagen is the only Young Artist in the catalogue; he explores new ways of rendering scenes of Balinese life while remaining grounded in the Young Artists strong sense of color and design.

The painters called “academic artists” from Bali and other parts of Indonesia are, in fact, a diverse group almost all of whom share the experience of having received training at Indonesian or foreign institutes of fine arts. A number of artists who come of age before Indonesian independence was declared in 1945 never had formal instruction at art academies, but studied painting on their own. Many of them eventually become instructors at Indonesian institutions. A number of younger academic artists in the catalogue studied with the older painters whose work appears here as well. In Bali the role of the art academy is relatively minor, while in Java academic paintings is more highly developed than any indigenous or traditional styles. The academic painters have mastered Western techniques, and have studied the different modern art movements in the West; their works is often influenced by surrealism, pointillism, cubism, or abstract expressionism. Painters in Indonesia are trying to establish a clear nation of what “modern Indonesian art” is, and turn to Indonesian cultural themes for subject matter. The range of styles is extensive Among the artists are Affandi, a West Javanese whose expressionistic renderings of Balinese scenes are internationally known; Dullah, a Central Javanese recognized for his realist paintings; Nyoman Gunarsa, a Balinese who creates distinctively Balinese expressionist paintings with traditional shadow puppet motifs; Made Wianta, whose abstract pointillism sets him apart from other Indonesian painters.

Since the late 1920s, Bali has attracted Western artists as short and long term residents. Most were formally trained at European academies, and their paintings reflect many Western artistic traditions. Some of these artists have played instrumental roles in the development of Balinese painting over the years, through their support and encouragement of local artist. The contributions of Rudolf Bonnet and Arie Smit have already been mentioned. Among other European artists whose particular visions of Bali continue to be admired are Willem Gerrad Hofker, whose paintings of Balinese in traditional dress are skillfully rendered studies of drapery, light and shadow; Carel Lodewijk Dake, Jr., whose moody paintings of temples capture the atmosphere of Balinese sacred spaces; and Adrien Jean Le Mayeur, known for his languid portraits of Balinese women.

Agung Rai feels that

Art is very private matter. It depends on what is displayed, and the spiritual connection between the work and the person looking at it. People have their own opinions, they may or may not agree with my perceptions.

He would like to encourage visitors to learn about Balinese and Indonesian art, ant to allow themselves to establish the “purity in the connection” that he describes. He hopes that his collection will de considered a resource to be actively studied, rather than simply passively appreciated, and that it will be enjoyed by artists, scholars, visitors, students, and schoolchildren from Indonesia as well as from abroad.

Abby C. Ruddick, Phd
“SELECTED PAINTINGS FROM THE COLLECTION OF THE AGUNG RAI FINE ART GALLERY”

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