Welcome to Extreme Investor Network, where we provide you with the latest and most valuable information on investing. Today, we are excited to share with you the news of billionaire hedge fund manager Bill Ackman’s new stake in sports apparel company Nike.
According to a recent securities filing, Ackman’s Pershing Square Capital Management acquired over 3 million shares of Nike, totaling approximately $229 million at the end of June. This is not the first time Ackman has invested in Nike, as he reportedly made a $100 million profit trading the stock back in 2018.
In addition to Nike, Pershing Square also disclosed a stake in Brookfield Corp., a Canadian financial company with significant real estate holdings. This position was valued at around $285 million at the end of June. However, the hedge fund also made some adjustments to its portfolio, selling shares in companies such as Google-parent Alphabet and Chipotle Mexican Grill.
It is important to note that these filings only show the quarter-end equity positions and do not reflect any trading that may have occurred since then. It is also worth mentioning that Pershing Square may have derivatives positions not represented in the filings.
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