Billionaire Quants’ Two Sigma’s 10 Stock Picks with Huge Upside Potential

7. NIKE, Inc. (NYSE:NKE)

Two Sigma Advisors Stake Value: $275,718,779

Upside Potential as of May 8: 34.29%

Number of Hedge Fund Holders: 73

NIKE, Inc. (NYSE:NKE) is an athletic footwear, apparel, equipment, and accessories company. It designs, develops, markets, and sells its products under various brand names including Nike, Jordan, and Converse. The company caters to a wide range of sports categories, age groups, and price points worldwide.

The footwear giant is currently undergoing leadership changes. CEO Elliott Hill, who came out of retirement to take the top job in October 2025, restructured the executive ranks. Heidi O’Neill, NIKE, Inc.’s (NYSE:NKE) President of consumer, product, and brand, will step down after a 26-year tenure with the company. As part of this reorganization, key roles, including consumer and sport, marketing, and product creation, will now report directly to Hill. Amy Montagne is now President of the Nike brand, Phil McCartney is Executive Vice President (EVP), Chief Innovation, Design, Product & Brand, and Nicole Graham is EVP, Chief Marketing Officer.

As that happens, NIKE, Inc. (NYSE:NKE) is feeling the pinch from Trump’s tariffs. Earlier this month, the company joined other footwear manufacturers, including Adidas, Under Armour (NYSE:UAA), and Puma, to implore the President for leniency. The companies signed a letter from the Footwear Distributors and Retailers of America calling on President Trump to exempt footwear from tariffs. The companies warned that the levies pose an “existential threat” to the industry. They argued that they (the tariffs) would drive up consumer costs and potentially cause businesses to close.

On May 6, 2025, Stifel analysts maintained a Hold rating on NIKE, Inc. (NYSE:NKE) with a steady price target of $64.00. The firm wrote that the “strategic shift” in the company’s leadership balances Nike’s (NYSE:NKE) risk/reward profile.