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Ackman’s firm boosts stake in Nike, cuts Chipotle during Q4

Summary by WTVB

NEW YORK (Reuters) – Billionaire investor William Ackman increased his stake in sportswear company Nike by 15% and cut his investment in fast-casual food chain Chipotle Mexican Grill by 14%, during the fourth quarter, according to a regulatory filing made on Friday. Ackman’s firm Pershing Square Capital Management owned 18.8 million shares in Nike and 24.7 million shares in Chipotle, a name his firm has owned since 2016. Once one of Wall Street’…

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Ackman’s firm boosts stake in Nike, cuts Chipotle during Q4

NEW YORK (Reuters) – Billionaire investor William Ackman increased his stake in sportswear company Nike by 15% and cut his investment in fast-casual food chain Chipotle Mexican Grill by 14%, during the fourth quarter, according to a regulatory filing made on Friday. Ackman’s firm Pershing Square Capital Management owned 18.8 million shares in Nike and 24.7 million shares in Chipotle, a name his firm has owned since 2016. Once one of Wall Street’…

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WTVB broke the news in 8 days ago on Friday, February 14, 2025.

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