Billionaire Bill Ackman Just Sold His Entire Position in Nike Stock and Piled Money Into a Growth Stock That's Up 53% This Year

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 sold out of the stock in the first quarter of 2025. At the same time, it initiated a position in rideshare company Uber (NYSE: UBER), which is on a tear this year. Let's see what Ackman is thinking.Luka Dončić. Image source: Nike.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool