Meta Platforms(US:META) Zhi Tong Cai Jing·2026-02-12 01:32Group 1 - Bill Ackman, founder of Pershing Square Capital, disclosed a significant stake in Meta Platforms (META.US), with the investment starting in late November 2025 and reaching approximately $2 billion, accounting for 10% of the firm's total assets by the end of last year [1] - Ackman believes Meta is at a critical inflection point for performance growth driven by AI technology, highlighting its leading position in content recommendation algorithms, targeted advertising, and wearable devices, which he feels is not fully reflected in the stock price [1] - Despite Meta's plans to invest $115 billion to $135 billion in capital expenditures for infrastructure by 2026, Ackman argues that the current forward P/E ratio of about 22 times is "deeply discounted" relative to its growth prospects [1] Group 2 - The heavy investment in Meta signifies a major strategic shift in Pershing Square's portfolio, as Ackman has completely exited long-held positions in traditional consumer stocks like Hilton Hotels (HLT.US), Chipotle Mexican Grill (CMG.US), and Nike (NKE.US) to focus on high-growth tech sectors [2] - Currently, Pershing Square's holdings are highly concentrated, with Meta, Alphabet (GOOGL.US), and Uber (UBER.US) forming the core of its AI strategy [2]