Allspring Global Investments Reduces NIKE Stake by 5.8%

Asset manager cites portfolio changes in cutting position in footwear giant

Apr. 2, 2026 at 7:08am

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Allspring Global Investments Holdings LLC reduced its holdings in NIKE, Inc. (NYSE:NKE) by 5.8% during the fourth quarter, according to a recent SEC filing. The fund now owns 837,742 shares of the footwear maker's stock, valued at $53,012,000.

Why it matters

NIKE is one of the most widely held stocks among institutional investors, so changes in major positions can provide insights into broader market sentiment and portfolio allocation shifts.

The details

Allspring Global Investments sold 51,354 NIKE shares during the quarter, bringing its total stake down to 0.06% of the company's outstanding shares. The move comes as NIKE has faced challenges, including weaker-than-expected guidance and a slowdown in its key China market.

  • Allspring Global Investments reduced its NIKE holdings in the fourth quarter of 2022.

The players

Allspring Global Investments Holdings LLC

An asset management firm that oversees over $541 billion in client assets.

NIKE, Inc.

A global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories, headquartered in Beaverton, Oregon.

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The takeaway

Allspring Global Investments' move to trim its NIKE stake reflects the broader challenges facing the athletic apparel giant, including macroeconomic headwinds and a slowdown in key markets. Investors will be watching to see if other major institutional holders make similar portfolio adjustments in the coming quarters.