BlackRock Amends NIKE Stake: Passive Investment Continues

TL;DR

**BlackRock still owns a big chunk of NIKE, signaling long-term confidence.**

AI Summary

BlackRock Inc. has filed an amendment (SC 13G/A) to its ownership stake in NIKE, Inc. as of December 31, 2023. This filing, Amendment No. 12, indicates BlackRock's continued significant, but passive, investment in NIKE's Class B Common Stock. For investors, this means a major institutional investor maintains a substantial position, signaling ongoing confidence in NIKE's long-term prospects, even if their exact percentage of ownership might have slightly changed since the last filing.

Why It Matters

This filing confirms BlackRock, a massive asset manager, remains a significant shareholder in NIKE, which can reassure investors about the stock's institutional backing.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risk or significant change in company fundamentals.

Analyst Insight

Investors should note that a major institutional investor like BlackRock maintains a position in NIKE, suggesting stability, but this filing alone doesn't provide new reasons to buy or sell.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• NIKE, Inc. (company) — the subject company whose securities are being reported
• Class B Common Stock (other) — the type of securities held by BlackRock
• December 31, 2023 (date) — the date of the event requiring this filing
• Amendment No: 12 (other) — the specific amendment number for this filing

Forward-Looking Statements

• BlackRock will continue to hold a significant, passive stake in NIKE, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-004600.txt : 20240126 0001086364-24-004600.hdr.sgml : 20240126 20240126162345 ACCESSION NUMBER: 0001086364-24-004600 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NIKE, Inc. CENTRAL INDEX KEY: 0000320187 STANDARD INDUSTRIAL CLASSIFICATION: RUBBER & PLASTICS FOOTWEAR [3021] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930584541 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32889 FILM NUMBER: 24568168 BUSINESS ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 BUSINESS PHONE: 5036713173 MAIL ADDRESS: STREET 1: ONE BOWERMAN DR CITY: BEAVERTON STATE: OR ZIP: 97005-6453 FORMER COMPANY: FORMER CONFORMED NAME: NIKE INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us6541061031_012624.txt us6541061031_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12) NIKE Inc -------------------------------------------------------- (Name of Issuer) Class B Common Stock -------------------------------------------------------- (Title of Class of Securities) 654106103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 654106103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 81509943 (6) Shared voting power 0 (7) Sole dispositive power 89773424 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 89773424 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- NIKE Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- ONE BOWERMAN DR BEAVERTON OR 97005-6453 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if