Ackmans Pershing Square Takes New Stakes In Nike Brookfield

Nike Shares Rise After Ackman Discloses New Stake

Billionaire Investor William Ackman Builds New Stakes in Nike and Brookfield

Shares of Nike gained in late trading after Pershing Square Capital Management LP disclosed a new stake.

Billionaire investor William Ackman has built new stakes in sportswear company Nike Inc. and investment management company Brookfield Asset Management Inc., according to a regulatory filing.

The filing, made with the U.S. Securities and Exchange Commission on Monday, shows that Ackman's hedge fund, Pershing Square Capital Management, owned roughly 3 million shares of Nike and 68 million shares of Brookfield as of June 30.

• The value of Ackman's Nike stake was roughly $1 billion, based on the company's closing share price on Monday.
• The value of Ackman's Brookfield stake was roughly $5.5 billion, based on the company's closing share price on Monday.

Ackman's investment in Nike is a new position for his hedge fund. Ackman's investment in Brookfield is an increase from the 61 million shares that Pershing Square owned as of March 31.

Nike shares rose about 5% in after-hours trading on Monday after the disclosure of Ackman's stake. Brookfield shares were little changed in after-hours trading.

FAQs:

**Q: What is the significance of Ackman's investment in Nike and Brookfield?** A: Ackman is a well-respected investor with a history of making successful investments. His investment in Nike and Brookfield is a sign of confidence in both companies. **Q: Why did Nike shares rise after the disclosure of Ackman's stake?** A: Ackman is a well-known and successful investor. His investment in Nike is a sign of confidence in the company, which may have led to increased demand for Nike shares. **Q: What is the outlook for Nike and Brookfield shares?** A: The outlook for Nike and Brookfield shares is positive. Both companies are leaders in their respective industries and have strong financial performance.