After disclosing a new stake in Nike (NYSE:NKE) in Q2, Bill Ackman's Pershing Square Capital Management more than quintupled that position among its third quarter moves. Pershing Square disclosed the information in its latest 13F filing for the three months ended September 30,

From June to September, Ackman made two big moves in the hedge fund managed by his Pershing Square Capital. With its stock down 9.1% over the past three months, it is easy to disregard NIKE (NYSE:NKE).

This strategic positioning by Bill Ackman ( Trades, Portfolio ), particularly in Brookfield Corp, underscores his confidence in the company's potential for growth and value realization. Investors and market watchers will undoubtedly keep a close eye on these developments as they unfold further.