Bill Ackman, the billionaire investor, made some significant moves in his investment portfolio during the fourth quarter. According to a regulatory filing, Ackman’s firm Pershing Square Capital Management increased its stake in sportswear giant Nike by 15% while cutting its investment in fast-casual food chain Chipotle Mexican Grill by 14%.
Pershing Square now owns 18.8 million shares in Nike and 24.7 million shares in Chipotle, a company it has held since 2016. Ackman, once known for being a vocal activist investor, has adopted a quieter investment style in recent years. However, his investment decisions are still closely followed by the financial community.
The firm has been gradually reducing its position in Chipotle, a stock that has been a big winner for Pershing Square in recent years. In June, the firm owned 28.8 million Chipotle shares. The 13F filing, which discloses fund managers’ holdings at the end of the previous quarter, also revealed that Pershing Square reduced its stake in Hilton Worldwide Holdings by 26% to 5.4 million shares.
Despite these changes, Pershing Square’s biggest holding remains investment firm Brookfield, with approximately 35 million shares in its portfolio.
Overall, Ackman’s moves in the fourth quarter reflect his continued confidence in Nike while adjusting his position in Chipotle and Hilton Worldwide Holdings. Investors will be watching closely to see how these decisions play out in the coming months.
