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Groupe la Francaise Sells Majority Stake in NIKE Amid Market Volatility

Guavy AI Editorial Team
Instruments
NKE
Share

Groupe la Francaise reduced its stake in NIKE (NYSE:NKE) by 96.0% during Q1, according to an SEC filing.

The firm sold 132,469 shares of NIKE stock, while retaining 5,581 shares worth $295,000 as of the latest filing.

This sale is part of a broader trend where hedge funds have adjusted their positions in NKE. Brighton Jones LLC boosted its stake by 388.5% in Q4 and acquired an additional 160,980 shares valued at $15,316,000.

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