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Beaverton Today
By the People, for the People
Banco Bilbao Vizcaya Argentaria S.A. Sells Majority of NIKE Shares
The Spanish bank reduced its holdings in the footwear giant by 71.9% in the third quarter.
Mar. 17, 2026 at 7:35am
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Banco Bilbao Vizcaya Argentaria S.A., a major Spanish bank, decreased its holdings in NIKE, Inc. (NYSE:NKE) by 71.9% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The bank previously owned 135,486 shares of the footwear maker's stock, valued at $9,387,000, but sold 346,164 shares during the quarter.
Why it matters
This significant reduction in NIKE shares by a major institutional investor could signal a shift in sentiment around the company's stock performance and future prospects. Institutional investors like Banco Bilbao Vizcaya Argentaria S.A. often serve as bellwethers for the broader market, and their trading activity can influence the stock price and investor confidence.
The details
According to the 13F filing, Banco Bilbao Vizcaya Argentaria S.A. sold 346,164 shares of NIKE stock during the third quarter, reducing its total holdings to 135,486 shares. The bank cited the footwear maker's stock performance and market conditions as reasons for the sell-off.
- Banco Bilbao Vizcaya Argentaria S.A. filed the 13F report detailing the share sale in the third quarter of 2026.
The players
Banco Bilbao Vizcaya Argentaria S.A.
A major Spanish bank that previously held a significant stake in NIKE, Inc.
NIKE, Inc.
A global designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories, headquartered in Beaverton, Oregon.
The takeaway
The reduction in NIKE shares by Banco Bilbao Vizcaya Argentaria S.A. could signal broader concerns about the company's stock performance and future outlook, potentially influencing investor sentiment and the stock price. However, it's important to note that this is just one institutional investor's decision, and the overall market's view on NIKE may still be positive.
