Should You Just Do It And Buy Nike, Inc. (NKE) Following Q4 Earnings Beat?

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

Heading into the second quarter, a total of 56 of the hedge funds tracked by Insider Monkey were bullish in this stock, a change of 2% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings substantially.

Of the funds tracked by Insider Monkey, Lansdowne Partners, managed by Alex Snow, holds the most valuable position in NIKE, Inc. (NYSE:NKE). Lansdowne Partners has an $880 million position in the stock, comprising 7.9% of its 13F portfolio. On Lansdowne Partners’ heels is Stephen Mandel of Lone Pine Capital with a $569.7 million position; 2.2% of its 13F portfolio being allocated towards the stock. Other members of the smart money with similar optimism include Alexander Mitchell’s Scopus Asset Management, David Blood and Al Gore’s Generation Investment Management, and Mark Wolfson and Jamie Alexander’s Jasper Ridge Partners.

Now, specific money managers were breaking ground themselves. Mandel’s aforementioned position was the most valuable on established in NIKE, Inc. (NYSE:NKE) during the quarter. Jason Karp‘s Tourbillon Capital Partners also initiated a $45.1 million position during the quarter. Other funds with new positions in the stock are Matthew Tewksbury’s Stevens Capital Management, and Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital.

Positive hedge fund activity and growth in the yearly revenue of Nike is an excellent indicator for investors, as is the 2% rise in global futures orders, leading us to suggest a buy of this stock.

Disclosure: None