Pacer Advisors Trims Stake in Nike Amid Ongoing Challenges
Pacer Advisors Inc., a financial institution, has reduced its stake in Nike's (NYSE:NKE) shares by 35.7% during the first quarter of 2026. The fund now owns 60,787 shares of the footwear maker's stock after selling 33,772 shares during the period.
The value of Pacer Advisors Inc.'s holdings in NIKE was approximately $3,211,000 as of its most recent filing with the SEC. This is not an isolated instance, as other institutional investors have also made changes to their positions in the company.
Some notable examples include Brighton Jones LLC, which grew its holdings in Nike by 388.5% in the fourth quarter and now owns 202,411 shares of the footwear maker's stock valued at $15,316,000. Caxton Associates LLP acquired a new position in shares of Nike during the first quarter worth approximately $311,000.
Nike has been facing challenges, including a weaker broader market and concerns about near-term earnings and revenue recovery. Despite this, the company is emphasizing performance products, innovation, athlete engagement, and sport-focused execution as long-term growth drivers. This strategy could improve product momentum and brand relevance if it translates into stronger demand.