Bill Ackman switches Nike stock to over-the-counter options
@BillAckman: Ackman switches Nike strategy
In recent financial maneuvers, billionaire investor Bill Ackman has revealed a strategic shift in his holdings.
Ackman, founder of Pershing Square Capital Management, announced via Twitter that his fund has sold its common stock in Nike, as reflected in their 13F filing. However, this sale does not indicate an exit from the brand. Instead, Ackman has undertaken the purchase of over-the-counter call options in a similar notional amount, showing confidence in Nike's future performance. The decision stems from previously outlined reasons in Pershing Square's investor letter, signaling a strategic pivot aimed at optimizing the fund's position in Nike. This move highlights the versatile approaches top investors like Ackman employ in navigating market conditions.
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In the previous news, tweet author Bill Ackman discussed his concerns regarding United Healthcare and urged the SEC to investigate.
