Cartenna Capital Invests $76.7M in Nike

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Cartenna Capital LP acquired a new position in NIKE, Inc. (NYSE:NKE) in the third quarter of 2025, according to the company's recent SEC filing. The firm purchased 1,100,000 shares of the footwear maker's stock, valued at approximately $76,703,000. This investment represents 2.2% of Cartenna Capital's holdings, making NIKE the firm's 10th largest position.

Why it matters

NIKE is one of the most prominent and influential brands in the global sportswear and athletic footwear industry. Cartenna Capital's significant investment in the company signals the firm's confidence in NIKE's long-term growth potential, despite recent headwinds facing the stock.

The details

Cartenna Capital's investment in NIKE comes as the company has faced some challenges, with its stock price declining from a 52-week high of $80.17 to around $54 as of the most recent trading session. Several equity research analysts have lowered their price targets on NIKE shares, citing factors like macroeconomic uncertainty and increased competition in the athletic apparel market.

• Cartenna Capital acquired the 1.1 million NIKE shares in the third quarter of 2025.
• NIKE's stock price has ranged from a 52-week high of $80.17 to around $54 as of the most recent trading session.