Bill Ackman Missed Out On $25 Million Selling Alphabet Shares Early In Q3

Legendary investor Bill Ackman disclosed no new stock purchases in the third quarter, instead showing a decreased position in shares of Magnificent Seven stock Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) . With Alphabet hitting new all-time highs since the end of the third quarter, Ackman missed out on millions in potential profits.Ackman Cuts Alphabet StakeIn the third quarter, Ackman decreased the stake for Alphabet Class A (GOOGL) shares in the Pershing Square Capital Management portfolio, lowering its expo ...