Ackman’s Pershing Square takes new stakes in Nike, Brookfield 

Business & Finance

Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to a roughly 0.19% ownership. Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading. 

Market Impact

Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading.