Tue Feb 18 15:20:00 UTC 2025: ## Ackman Bets Big on Nike, Cuts Chipotle and Hilton Stakes
**New York, NY –** Billionaire investor Bill Ackman’s Pershing Square Capital Management has made significant portfolio adjustments, boosting its stake in Nike while trimming its holdings in Chipotle Mexican Grill and Hilton Worldwide. The firm increased its Nike (NKE) position by 15% during the fourth quarter, a move that signals confidence in the sportswear giant’s long-term prospects despite recent headwinds.
Nike has faced challenges including a 28% stock price drop over the past year, declining sales in China, and controversy surrounding its recent Super Bowl ad promoting gender equality. However, Ackman’s increased investment suggests he believes Nike’s strong brand, new product introductions, and global expansion will ultimately overcome these hurdles.
In other portfolio moves, Pershing Square added over 2.15 million shares of Brookfield Corp. (BBU) in Q4, solidifying its position as the firm’s largest holding. Conversely, Ackman reduced his positions in Chipotle (CMG) by 14% and Hilton (HLT) by 26%, suggesting a reassessment of the hospitality and restaurant sectors amidst potential economic concerns.
Wall Street analysts currently hold a “Moderate Buy” consensus rating on Nike, with an average price target implying a potential 17.58% upside from its current price.
First Piper 