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Billionaire Bill Ackman Alters Nike Strategy; Piles Money Into a Growth Stock That's Up 53% This Year
Editor's note: This article has been clarified. Pershing Square Capital converted its Nike common equity position to call options.Investors love to see what billionaire hedge fund managers buy and sell. Hedge funds provide quarterly updates about their performance, and they also file a quarterly 13F that details their trades. Since it's public information, it's easy to track, and some fund managers give transparent analyses about their trades.Bill Ackman has risen to prominence as the head of Pershing Square Capital, and his fund only owns around 10 stocks at any given time, making for an intriguing fund to follow. Pershing Square started a position in sneaker king Nike (NYSE: NKE) last year, but it converted those shares to " deep in-the-money call options" in the first quarter of 2025. Call options give the holder the right -- but not the obligation -- to buy shares at a specified price. At the same time, Pershing Square initiated a position in rideshare company Uber (NYSE: UBER), which is on a tear this year. Let's see what Ackman might be thinking.Continue reading
Editor's note: This article has been clarified. Pershing Square Capital converted its Nike common equity position to call options.
Investors love to see what billionaire hedge fund managers buy and sell. Hedge funds provide quarterly updates about their performance, and they also file a quarterly 13F that details their trades. Since it's public information, it's easy to track, and some fund managers give transparent analyses about their trades.
Bill Ackman has risen to prominence as the head of Pershing Square Capital, and his fund only owns around 10 stocks at any given time, making for an intriguing fund to follow. Pershing Square started a position in sneaker king Nike (NYSE: NKE) last year, but it converted those shares to " deep in-the-money call options" in the first quarter of 2025. Call options give the holder the right -- but not the obligation -- to buy shares at a specified price. At the same time, Pershing Square initiated a position in rideshare company Uber (NYSE: UBER), which is on a tear this year. Let's see what Ackman might be thinking.
