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Beaverton Today
By the People, for the People
Bank of Nova Scotia Boosts Stake in NIKE by 296.6%
The Canadian bank now owns over 848,000 shares of the footwear giant.
Mar. 16, 2026 at 7:53am
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Bank of Nova Scotia, a major Canadian financial institution, significantly increased its stake in NIKE, Inc. (NYSE:NKE) during the third quarter of 2025. According to a 13F filing with the SEC, the bank boosted its NIKE holdings by 296.6%, adding 634,640 shares to bring its total position to 848,589 shares worth approximately $59.2 million.
Why it matters
NIKE is one of the world's most recognizable and influential consumer brands, making it an attractive investment for large institutional investors like Bank of Nova Scotia. The bank's substantial increase in its NIKE position suggests it sees significant upside potential in the stock, which could signal confidence in the company's future performance and growth prospects.
The details
Bank of Nova Scotia's 13F filing revealed that the firm increased its NIKE holdings from 213,949 shares at the end of the second quarter to 848,589 shares by the end of the third quarter, a 296.6% jump. This makes Bank of Nova Scotia one of NIKE's larger institutional shareholders, owning approximately 0.06% of the company's outstanding stock.
- Bank of Nova Scotia filed its 13F report for the third quarter of 2025 on March 16, 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and one of NIKE's larger institutional shareholders.
NIKE, Inc.
A global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories, headquartered in Beaverton, Oregon.
The takeaway
Bank of Nova Scotia's substantial increase in its NIKE position suggests the Canadian bank sees significant long-term growth potential in the athletic apparel and footwear giant, underscoring NIKE's status as a blue-chip consumer brand with a loyal global customer base.
