Highlights
- Erste Asset Management GmbH adjusted its stake in NIKE (NYSE:NKE), reducing holdings by 35.3% in the fourth quarter.
- Other financial firms have made incremental changes in their positions, with some increasing and others decreasing their holdings.
- Institutional investors collectively hold a significant percentage of the company's shares.
Erste Asset Management GmbH Adjusts NIKE Holdings
Erste Asset Management GmbH decreased its position in NIKE by selling a portion of its shares during the fourth quarter. According to a filing with the Securities and Exchange Commission, the firm sold 6,661 shares, bringing its total holdings to 12,221 shares.
Other Firms Adjust Their Positions
Several other financial firms have also adjusted their positions in NIKE. JNBA Financial Advisors made a minor increase, acquiring an additional 131 shares in the last quarter. Similarly, Frisch Financial Group Inc. added to its position, purchasing 136 additional shares in the third quarter.
Conversely, some firms reduced their stakes. Nations Financial Group Inc. IA ADV increased its holdings slightly, while GAMMA Investing LLC also made minor adjustments. Game Plan Financial Advisors LLC saw a more notable change, increasing its holdings by 11.1% during the quarter.
Institutional Ownership Remains Substantial
A variety of financial entities collectively hold a large portion of NIKE shares. Institutional investors and hedge funds together account for a significant percentage of ownership in the company. These institutions continuously assess their positions based on market conditions and corporate developments.
Market Interest in NIKE's Positioning
NIKE remains a focal point among financial firms making portfolio adjustments. The shifts in holdings suggest ongoing evaluations of the company's market presence. While individual firms are making measured changes, institutional ownership continues to represent a considerable share of the company’s total holdings.