BILL ACKMAN BOUGHT $NKE (+3,23 %)
It's one of his first buys in over a year.
This position represent 2.2% of his 10$ 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 (-0,16 %) position (both Class A and Class C)
- Brookfield Corp.
He opened a new position in $BN (+1,82 %) ad now represents roughly 3% of his total portfolio.
- Lowe's
He sold 100% of shares in $LOW (+1,1 %) 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 (+4,33 %)
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 (+3,04 %) instead.
Right now Lululemon has a lower valuation than Nike, but better growth ahead.