Reported 1 day ago
Billionaire hedge fund manager Bill Ackman significantly increased his holdings in two dividend stocks during the third quarter of 2024: Brookfield Corporation and Nike. Ackman's stake in Brookfield surged by nearly 378%, making it a prominent part of his portfolio, despite its low dividend yield of 0.55%. Conversely, he raised his investment in Nike by approximately 436%, which offers a higher dividend yield of 2.11%. While Brookfield has shown strong growth over time, Nike has faced recent challenges, with its stock down 30% over the past year.
Source: YAHOO