Billionaire Ackman's Pershing Square Bets Big on Meta

Hedge fund discloses $2 billion stake in Facebook parent, betting on AI potential

Published on Feb. 12, 2026

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Billionaire investor Bill Ackman's hedge fund Pershing Square Capital Management has disclosed a substantial $2 billion stake in Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp. Ackman and his team believe Meta's current valuation doesn't reflect the company's long-term potential, particularly in the realm of artificial intelligence.

Why it matters

Ackman's investment signals confidence in Meta's future despite recent market concerns over the company's substantial investments in AI initiatives, which have put pressure on the stock price. The move also highlights a potential shift in investor sentiment towards companies heavily investing in AI, as Ackman bets that Meta's AI capabilities will unlock new avenues for growth and engagement.

The details

Pershing Square's $2 billion stake represents roughly 10% of the fund's capital. The investment was revealed during the fund's annual investor presentation, where the team expressed belief that Meta's share price 'underappreciates the company's long-term upside potential from AI.' Despite a 7.4% dip in Meta's stock price over the past 12 months, Pershing Square has already seen positive returns, with the share price increasing 11% in 2025 and continuing to climb 3% through February 9, 2026.

  • Pershing Square disclosed the Meta investment during its annual investor presentation on February 11, 2026.
  • Pershing Square initiated the Meta position in November 2025.

The players

Bill Ackman

Billionaire investor and founder of Pershing Square Capital Management.

Pershing Square Capital Management

A hedge fund founded and led by Bill Ackman that has disclosed a $2 billion stake in Meta Platforms.

Meta Platforms

The parent company of Facebook, Instagram, and WhatsApp, which is the focus of Pershing Square's new investment.

Ryan Israel

The chief investment officer of Pershing Square Capital Management who detailed the Meta investment during a call with clients.

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What they’re saying

“We believe Meta's current share price underappreciates the company's long-term upside potential from AI and represents a deeply discounted valuation for one of the world's greatest businesses.”

— Pershing Square team (Reuters)

The takeaway

Ackman's substantial investment in Meta signals a belief that the tech giant's AI initiatives will unlock significant long-term value, even as the market remains skeptical of the near-term financial impact. This move could inspire renewed institutional investor interest in companies with strong AI capabilities, adding further scrutiny to Meta's strategy in this critical area.