NIKE Shareholder Addenda Capital Cuts Stake by 66%

Addenda Capital Inc., an investment management firm, has reduced its stake in NIKE, Inc. (NYSE:NKE) by 65.6% during the second quarter, according to the company's most recent 13F filing with the Securities and Exchange Commission.

The fund owned 84,300 shares of NIKE's stock after selling 160,955 shares during the period. Addenda Capital Inc.'s holdings in NIKE were worth $3,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in NIKE. Quantitative Investment Management LLC acquired a new position in NIKE during the second quarter valued at about $2,459,000.