BILL ACKMAN BOUGHT $NKE (+1.61%)

It's one of his first buys in over a year.

This position represent 2.2% of his 10$ bln portfolio and roughly a 0.19% ownership of Nike.

He hasn't made any public comment yet about this decision.

• Chipotle

He drastically reduced is position even if it remains still is 2° holding.

• Alphabet

He sold about 28% of his $GOOGL (+0.62%) position (both Class A and Class C)

• Brookfield Corp.

He opened a new position in $BN (+0.73%) ad now represents roughly 3% of his total portfolio.

• Lowe's

He sold 100% of shares in $LOW (+1.12%) after he made approximately 140% gain.

Bill Ackman is a famous superinvestor known for his approach of owning few stocks and limiting the diversification.

Considerations:

• Chipotle $CMG (+1.01%)

He probably sold because he knew that the CEO was going to leave or because of the high valuation this company has.

• Lowe's

Lowe's and Home Depot are good business especially when interest rates are low, probably he thinks that interests rates reduction are going to take a lot of time.

• Alphabet

I am surprised to see that he has sold considering how good Alphabet is as a company and the valuation is not high.

• Nike

I am surprised to see that he bought Nike.

I always imagined Bill A. as the kind of investor who would have bought $LULU (+0.05%) instead.

Right now Lululemon has a lower valuation than Nike, but better growth ahead.