Reported about 2 months ago
Billionaire investors Bill Ackman and Andreas Halvorsen have invested a combined $700 million into Nike and McDonald's, both of which are part of the Dow Jones Industrial Average. Ackman's Pershing Square has a $229 million position in Nike, which is facing challenges but presents potential for growth, while Halvorsen's Viking Global has invested $478 million in McDonald's, a brand known for its strong real estate holdings and resilient business model despite a recent dip in sales.
Source: YAHOO