The cluster is dominated by active managers on both sides, but the net selling and absence of insider buying suggest caution. Monitor for further institutional distribution in Q3 2026 filings and watch for any earnings or guidance catalysts that could reverse the selling trend. The Assenagon doubling is a notable bullish data point but insufficient to override the broader distribution pattern.
Executive Summary
A mixed institutional cluster in NKE for Q2 2026 shows 9 buyers accumulating $63.2M in new positions (led by Assenagon Asset Management doubling its stake to $102.3M) against 11 sellers reducing holdings by $273.3M (led by Pinestone Asset Management's full exit of a $93.0M position and Alecta's $74.8M trim). The net selling pressure of ~$210M outweighs buying, and the absence of insider buying corroboration weakens the bullish signal. Historical calibration suggests prior bullish calls on NKE have underperformed (40% win rate at T+20), and the score-6/7 cells show negative net alphas, warranting a cautious stance despite the Assenagon doubling being a notable active-manager vote of confidence.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$210.1M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +140.5% | $102.3M | $47.5M |
| Fort Washington Investment Advisors | ADD | +61.7% | $34.5M | $7.1M |
| Wealth Enhancement Advisory Services | ADD | +26.1% | $12.0M | $2.5M |
▼ Sellers (11)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Pinestone Asset Management | EXIT | -100% | $93.0M | -$93.0M |
| Alecta Tjanstepension Omsesidigt | TRIM | -58% | $111.0M | -$74.8M |
| Swiss Life Asset Management | NEAR_EXIT | -84.4% | $73.3M | -$67.3M |
Key Facts
- 9 institutional buyers added $63.2M in new NKE positions in Q2 2026
- 11 institutional sellers reduced holdings by $273.3M, creating net selling pressure of ~$210M
- Assenagon Asset Management doubled its stake from $54.7M to $102.3M (+140.5% shares)
- Pinestone Asset Management fully exited a $93.0M position
- Alecta Tjanstepension trimmed $74.8M, reducing its stake by 58%
- No insider open-market buying detected (confluence score 21/100, divergent)
- Historical reports on NKE show a 40% win rate at T+20 with avg alpha of -3.95% vs SPY
Financial Impact
Net institutional selling of approximately $210M in Q2 2026, with $63.2M in new buying vs $273.3M in selling
Risk Factors
- Net institutional selling of ~$210M signals deteriorating sentiment among active managers
- No insider buying corroboration weakens the conviction of the buyer cluster
- Historical calibration shows prior bullish calls on NKE have underperformed (40% win rate, negative alpha)
- 13F data is 45 days stale; positions may have been unwound since quarter-end
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-NKE-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 7d ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
Sep 22, 2026 10d ago | ANALYST-UPGRADE | $36.10 $35.84 | ▼ −0.72% | ▲ +0.28% | — |
Sep 14, 2026 17d ago | ANALYST-DOWNGRADE | $37.05 $36.10 | ▲ +2.56% | ▲ +2.67% | — |
Sep 10, 2026 21d ago | Insider Cluster | $36.80 $35.51 | ▼ −3.51% | ▼ −3.28% | — |
Sep 9, 2026 23d ago | ANALYST-UPGRADE | $37.35 $35.78 | ▼ −4.20% | ▼ −3.55% | — |
Aug 26, 2026 5w ago | ANALYST-DOWNGRADE | $38.59 $38.24 | ▲ +0.91% | ▲ +0.79% | — |
Aug 11, 2026 7w ago | Insider Cluster | $41.32 $40.06 | ▼ −3.05% | ▼ −2.65% | — |
Aug 10, 2026 7w ago | 8-K | $41.32 $40.06 | ▼ −3.05% | ▼ −2.65% | — |
Aug 7, 2026 8w ago | Insider Cluster | $41.70 $40.73 | ▼ −2.33% | ▼ −2.72% | — |
Aug 5, 2026 8w ago | Court Ruling | $42.44 $40.50 | ▲ +4.57% | ▲ +4.92% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access