Pershing Square bought roughly 25.9 million shares of Brookfield in Q3, increasing its stake by almost 378%. Brookfield is a dividend stock, but I doubt there's an income investor on the planet who would get excited about the company's dividend.

Unsurprisingly, billionaire investor Bill Ackman added to his position in footwear giant Nike (NYSE:NKE) during the last quarter. As to whether Ackman is finished building his position remains the multi-billion-dollar question.

In its latest quarterly report, management didn't provide any guidance. Nike is operating in a competitive environment, and rivals like Lululemon and On Holding have captured market share from it in recent years.

Billionaire Bill Ackman Just Poured $2.2 Billion Into These 2 Incredible Stocks was originally published by The Motley Fool For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.