Bill Ackman's Pershing Square slashes stake in Chipotle, continues to bet on Nike

Group 1 - Billionaire investor Bill Ackman increased his stake in Nike by 15% during the fourth quarter, owning 18.8 million shares [1][4] - Ackman cut his investment in Chipotle Mexican Grill by 14%, reducing his holdings to 24.7 million shares, a company he has invested in since 2016 [1][3] - The firm also reduced its stake in Hilton Worldwide Holdings by 26%, bringing its total to 5.4 million shares [3] Group 2 - Pershing Square Capital Management has been gradually decreasing its investment in Chipotle, which has been one of its significant winners in recent years, with previous holdings of 28.8 million shares as of June 30 [3][6] - Ackman has shifted to a quieter investment style in recent years, although his investment choices continue to attract attention [2]