Monitor upcoming NKE earnings and guidance for fundamental catalysts that could explain the divergence between Assenagon's aggressive accumulation and the broader trimming by other managers. The 45-day reporting lag means these positions may have been adjusted since quarter-end.
Executive Summary
Institutional activity in NKE during Q3 2026 was mixed: three asset managers added $71.6M in net new positions (led by Assenagon's $67.3M increase), while four managers trimmed or nearly exited $31.2M. The largest buyer (Assenagon) nearly doubled its stake, but the seller count and aggregate reduction suggest caution. The 45-day reporting lag means these positions may already be stale.
Key Financial Metrics
Institutional Positions
Net institutional flow: $40.4M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | ADD | +92.3% | $169.5M | $67.3M |
| Wealth Enhancement Advisory Services | ADD | +68.3% | $15.8M | $3.8M |
| Farther Finance Advisors | ADD | +57.8% | $2.0M | $519.0K |
▼ Sellers (4)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Ninety One Uk | NEAR_EXIT | -77.2% | $16.0M | -$12.8M |
| Vontobel Holding | TRIM | -46.3% | $22.8M | -$12.3M |
| Robeco Institutional Asset Management B.v. | TRIM | -61.3% | $7.1M | -$4.7M |
| Banque Pictet & Cie | TRIM | -56.6% | $2.2M | -$1.4M |
Key Facts
- 3 institutional buyers added $71.6M net, led by Assenagon Asset Management (+$67.3M, +92.3% shares)
- 4 institutional sellers reduced by $31.2M net, led by Ninety One UK (-$12.8M, -77.2%) and Vontobel Holding (-$12.3M, -46.3%)
- All participants are asset managers — no activist, quant, or family office funds in the cluster
- Net aggregate institutional flow was +$40.4M, but seller count (4) exceeded buyer count (3)
Financial Impact
3 institutions accumulated $187.3M in current holdings (net change +$71.6M) while 4 institutions reduced holdings by $31.2M; net institutional inflow of approximately $40.4M
Risk Factors
- 13F data is 45+ days stale; positions may have been reversed since quarter-end
- All participants are asset managers — no high-conviction activist or family office funds — reducing signal strength
- Seller count (4) exceeds buyer count (3), suggesting broader caution despite the larger dollar inflow
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-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $37.53 | awaiting T+60 | — | — |
Oct 2, 2026 24d ago | ANALYST-UPGRADE | $33.96 | awaiting T+60 | — | — |
Sep 25, 2026 4w ago | ANALYST-DOWNGRADE | — | awaiting T+60 | — | — |
Sep 22, 2026 5w ago | ANALYST-UPGRADE | $36.10 | awaiting T+60 | — | — |
Sep 14, 2026 6w ago | ANALYST-DOWNGRADE | $37.05 | awaiting T+60 | — | — |
Sep 10, 2026 6w ago | Insider Cluster | $36.80 | awaiting T+60 | — | — |
Sep 10, 2026 6w ago | Insider Cluster | $36.80 | awaiting T+60 | — | — |
Sep 9, 2026 6w ago | ANALYST-UPGRADE | $37.35 | awaiting T+60 | — | — |
Aug 26, 2026 8w ago | ANALYST-DOWNGRADE | $38.59 | awaiting T+60 | — | — |
Aug 11, 2026 10w ago | Insider Cluster | $40.08 | awaiting T+60 | — | — |
US Market Status
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