Bill Ackman’s hedge fund, Pershing Square, exited two underperforming investments in 2025 but remains bullish on two other stocks for 2026 and beyond. Chipotle saw declining same-store sales and margins, prompting Pershing to sell its shares. Nike’s slow turnaround progress led to the fund exiting its options contracts. Instead, Pershing is focusing on Alphabet and Brookfield, which have been strong performers and show continued potential for growth.

Read more at NASDAQ.: Billionaire Bill Ackman Just Sold These 2 Stocks After They Disappointed in 2025. Here’s Where He’s Invested for 2026.