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Beaverton Today
By the People, for the People
Groupama Asset Management Reduces NIKE Holdings
Institutional investor lowers stake in footwear giant by 72.6% in Q3
Mar. 21, 2026 at 9:19am
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Groupama Asset Management, a French asset management firm, lowered its stake in NIKE, Inc. (NYSE:NKE) by 72.6% during the third quarter, according to a recent SEC filing. The fund now owns 10,521 shares of the footwear maker's stock, valued at $734,000 as of its most recent disclosure.
Why it matters
NIKE is one of the most widely held stocks among institutional investors, so changes in ownership by major funds can provide insights into broader market sentiment around the company. Groupama's significant reduction in its NIKE position may signal concerns about the stock's near-term performance or broader macroeconomic headwinds facing the consumer discretionary sector.
The details
According to the filing, Groupama sold 27,915 NIKE shares during the third quarter, reducing its total position by 72.6%. The firm now holds 10,521 shares of the footwear company, worth approximately $734,000 as of the end of the quarter. NIKE's stock price has faced volatility in recent months amid broader market uncertainty, falling from a 52-week high of $80.17 to around $52 per share.
- Groupama Asset Management lowered its NIKE stake during the third quarter of 2026.
The players
Groupama Asset Management
A French asset management firm that has reduced its holdings in NIKE, Inc. by 72.6% in the third quarter of 2026.
NIKE, Inc.
A global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories, headquartered in Beaverton, Oregon.
The takeaway
Groupama's significant reduction in its NIKE position suggests potential concerns about the stock's near-term outlook, though the company remains a widely held institutional investment. This move highlights the volatility facing the consumer discretionary sector and the need for investors to closely monitor changes in ownership by major funds.
