Bill Ackman's Pershing Square Capital Management more than quintupled its position in Nike (NKE) among its third quarter moves. Read more here.

From June to September, Bill Ackman made two big moves in the hedge fund managed by his Pershing Square Capital. He increased his bets by fivefold on sneaker maker Nike and the alternative-asset manager Brookfield Corp.

This strategic positioning by Bill Ackman ( Trades, Portfolio ), particularly in Brookfield Corp, underscores his confidence in the company's potential for growth and value realization. Investors and market watchers will undoubtedly keep a close eye on these developments as they unfold further.