$MSFT

.@BillAckman joins the Microsoft train. I noted below the top risk in Microsoft last summer. We started buying the name in real size around March 30th. It’s a top 3 position now. This will now be the third time Ackman followed us into a position: Those other instances being $GOOGL $META and now $MSFT Like Google last year, it’s fairly obvious Microsoft has earnings power and is a high quality dislocated asset.