Bill Ackman's Alphabet Bet Is Crushing It: Here's How Much He's Made Since Q3

Billionaire investor Bill Ackman, who leads Pershing Square Capital Management, made a big bet on Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) back in 2023 with shares beaten down. Three years later, Ackman is up significantly on his position.

Here's a look at Ackman's history with Alphabet shares and how much he's gained since the latest 13F filing reflecting holdings on Sept. 30, 2025.

Ackman's Big Bet On Alphabet

Ackman took an initial stake in Alphabet stock in the first quarter of 2023, buying 8,069,770 Class C (GOOG) shares and 2,185,000 Class A (GOOGL) shares.

Those positions changed over the years and as of the end of the third quarter, here are the totals for Pershing Square:

6,324,031 GOOG shares

4,843,973 GOOGL shares

Ackman sold 10% of ...