Foster Victor Wealth Advisors Reduces NIKE Stock Position

Institutional investor cuts stake in footwear giant by 13.5% in Q4

Apr. 15, 2026 at 8:54am

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Foster Victor Wealth Advisors LLC, an institutional investor, reduced its stake in NIKE, Inc. (NYSE:NKE) by 13.5% during the fourth quarter, according to a recent SEC filing. The firm now owns 163,891 shares of the footwear maker's stock, valued at $10.6 million at the end of the reporting period.

Why it matters

NIKE is one of the most widely held stocks among institutional investors, so changes in major positions can signal broader market sentiment around the company. This reduction in holdings by Foster Victor Wealth Advisors could indicate some concern over NIKE's near-term performance or valuation.

The details

According to the filing, Foster Victor Wealth Advisors sold 25,496 NIKE shares during the fourth quarter. The firm now owns a total of 163,891 shares, down from 189,387 shares held at the end of the previous quarter. NIKE's stock price has declined by over 30% so far in 2023 amid broader market volatility.

  • The reduction in NIKE shares occurred during the fourth quarter of 2022.
  • Foster Victor Wealth Advisors filed the 13F report disclosing the position change on April 15, 2023.

The players

Foster Victor Wealth Advisors LLC

An institutional investment firm that manages a portfolio of stocks, including a position in NIKE, Inc.

NIKE, Inc.

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

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What they’re saying

“Several analysts have commented on the stock. Weiss Ratings downgraded shares of NIKE from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, April 6th.”

— Weiss Ratings, Analyst

“Guggenheim decreased their target price on shares of NIKE from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Wednesday, April 1st.”

— Guggenheim, Analyst

What’s next

Investors will be closely watching NIKE's upcoming earnings report and guidance to gauge the company's performance and outlook amid the current market volatility.

The takeaway

This reduction in NIKE holdings by a major institutional investor reflects broader concerns about the company's near-term prospects, even as many analysts maintain a bullish long-term view on the stock. The performance of NIKE's business and its stock price will be an important indicator of consumer spending trends and the health of the broader athletic apparel market.