Billionaire Bill Ackman Quietly Doubled Down on His Hedge Fund's $1.4 Billion Turnaround Bet

Bill Ackman is one of the most closely followed investment managers on Wall Street. At his core, he's a value investor, buying stocks in companies the market has turned against, but that still possess incredibly valuable assets. He typically holds those positions for a long time, waiting for the market to realize its mistake and reward investors willing to buy the assets when they were priced unreasonably low.But investors may have been surprised that one of Ackman's new purchases in 2024 disappeared from his hedge fund Pershing Square's financial disclosures with the SEC in 2025. The hedge fund is required to file form 13F with the SEC every quarter, disclosing its public equity positions at the end of the period.In mid-2024, Pershing Square disclosed a new purchase of Nike (NYSE: NKE), which it increased to a $1.4 billion stake by the end of the year. But at the start of the year, the investment manager converted the equity stake into deep in the money call options with a multi-year expiry. Ackman says if his thesis plays out, Pershing Square will earn double the return it would have from owning the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool