Bill Ackman, the billionaire hedge fund manager behind Pershing Square Capital Management, continued to tilt his portfolio further toward Big Tech's "Magnificent Seven."

According to the firm's latest 13F filing with the SEC, Pershing made a new billion-dollar buy and expanded its stake in another major holding in Q2.

Both moves shifted Pershing Square further toward the artificial intelligence boom via two of the market's most influential stocks.

Image source: Goodney/Bloomberg via Getty Images

The so-called "Magnificent Seven" stocks and their stock symbols are:

Apple AAPL

Microsoft MSFT

Amazon AMZN

Alphabet GOOGL/GOOG

Nvidia NVDA

Meta META

Tesla TSLA

These stocks have carried much of the market's momentum in recent years. Hedge funds have increasingly turned to them a

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