Who Owns Nike?

Nike, Inc. is an American multinational company that is involved in the design, development, manufacture and worldwide marketing of sports apparel, equipment, accessories and services.

Its products are available worldwide. It makes the Air Jordans, Air Force 1s, Converse, the Nike Dunks, Air Max amongst many others.

The company’s headquarters are in Beaverton, Oregon in the Portland metropolitan area. The company sells its products through retailers and independent distributors. Nike is the world’s largest supplier of athletic shoes and apparel.

It made over 37 billion US dollars in revenue in 2020.

Nike was founded in 1964 by Bill Bowerman and Phil Knight. It was called Blue Ribbon Sports then. It became Nike, Inc. in 1971 inspired by Nike, the Greek goddess of victory.

Nike is a publicly owned company meaning that its shares are freely traded on the stock market. It however has certain unique features regarding its shares. Nike, Inc. shares are broken down into two classes: Class A shares and Class B shares.

The class A shares are not available on the open market. The class B shares are available on the open market for all investors and are traded freely.

Class A shares can be converted into class B shares on a one for one basis. The primary difference between the two classes of shares is that holders of Class A shares elect 9 out of the 12 members of the board and the holders of Class B shares elect only 3 out of the 12.

The top three individual insider shareholders are Phillip Knight, Mark Parker and Andrew Campion. Phillip Knight owns 9.3% of Glass A shares and 0.9% of Class B shares.

He owns 2.6% of all the company’s shares outstanding. Mark Parker owns 0.09% of the total shares outstanding and Andrew Campion owns 0.01% of the company’s total shares outstanding.

The top institutional shareholders of the company are The Vanguard Group, Inc. owning 8.52% of the total shares outstanding, Blackrock Inc. owning 7.11%, State Street corporation owning 4.32%, AllianceBernstein, L.P. owning 2.20%, Wellington Management Group, LLP owning 2.10%, Morgan Stanley owning 1.86%, Bank of New York Mellon corporation owning 1.84%, Geode Capital Management, LLC owning 1.79%, Price (T.Rowe) Associates Inc. owning 1.62%, FMR, LLC owning 1.52% and JP Morgan Chase & Company owning 1.45%.

The top mutual fund holders are Vanguard Total Stock Market Index Fund owning 2.96% of the total shares outstanding, Vanguard 500 Index Fund owning 2.22%, SPDR S&P 500 ETF Trust owning 1.08%, Fidelity 500 Index Fund owning 1.07%, !Shares Core S&P 500 ETF and Vanguard Specialized-Dividend Growth Fund both owning 0.89%, Vanguard growth index Fund owning 0.81%, Vanguard institutional Index Fund owning 0.74%, Vanguard Specialized-Dividend Appreciation Index Fund owning 0.62%, Advisors Inner Circle Fund-Edgewood growth Fund owning 0.61%, New perspective Fund Inc owning 0.55% amongst many others.

The biggest shareholders of Nike are Phil Knight, his son, Travis Knight along with the holding companies and trusts they control owning 97% of Class A shares.