Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Betting On NIKE, Inc. (NKE)

Page 1 of 2

Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the third quarter. Among them, Valeant and Micron ranked among the top 30 picks and both lost around 20%. Citigroup, which was the third most popular stock, lost 10% amid uncertainty regarding the interest rates. Nevertheless, our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in.

NIKE, Inc. (NYSE:NKE) investors should pay attention to an increase in enthusiasm from smart money lately. NKE was in 59 hedge funds’ portfolios at the end of the third quarter of 2015. There were 57 hedge funds in our database with NKE positions at the end of the previous quarter. At the end of this article we will also compare NKE to other stocks, including Lloyds Banking Group PLC (ADR) (NYSE:LYG), BHP Billiton plc (ADR) (NYSE:BBL), and AstraZeneca plc (ADR) (NYSE:AZN) to get a better sense of its popularity.

Follow Nike Inc (NYSE:NKE)
Trade (NYSE:NKE) Now!

To most market participants, hedge funds are seen as slow, outdated financial vehicles of yesteryear. While there are greater than 8000 funds with their doors open at the moment, Our experts look at the bigwigs of this club, about 700 funds. Most estimates calculate that this group of people direct the majority of the hedge fund industry’s total capital, and by tracking their highest performing investments, Insider Monkey has spotted a few investment strategies that have historically outstripped the market. Insider Monkey’s small-cap hedge fund strategy surpassed the S&P 500 index by 12 percentage points a year for a decade in their back tests.

Keeping this in mind, we’re going to go over the new action regarding NIKE, Inc. (NYSE:NKE).

Hedge fund activity in NIKE, Inc. (NYSE:NKE)

At the end of the third quarter, a total of 59 of the hedge funds tracked by Insider Monkey were long this stock, a change of 4% from the second quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Lone Pine Capital, managed by Stephen Mandel, holds the most valuable position in NIKE, Inc. (NYSE:NKE). Lone Pine Capital has a $701 million position in the stock, comprising 2.9% of its 13F portfolio. On Lone Pine Capital’s heels is AQR Capital Management, led by Cliff Asness, holding a $380.7 million position; 0.8% of its 13F portfolio is allocated to the company. Remaining hedge funds and institutional investors that hold long positions include Clifford Fox’s Columbus Circle Investors, D. E. Shaw’s D E Shaw, and Andreas Halvorsen’s Viking Global.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!