Nike Is In, Tech Stocks Are Out. What These Big Investors Are Buying and Selling.

For example, activist investor Nelson Peltz didn’t exit his stake in Walt Disney entirely, but it was substantially lower compared with the first quarter after he lost his proxy battle at the entertainment company. Instead, Peltz’s Trian Fund Management took on new stakes in Solventum the healthcare company spun off from 3M in April, and U-Haul, the storage and moving company, according to a regulatory filing on Wednesday. Paul Singer’s Elliott Investment Management reported a new 6 million-share stake in Southwest Airlines as of June 30.