Will The Sale of Nike’s Umbro Affiliate Brand Please These Top Institutional Shareholders?

Nike Inc. (NYSE:NKE) sold their Umbro affiliate brand for $225 million to Iconix Brand Group (NASDAQ:ICON). It may be recalled that the company had announced, this past May, their intentions to sell their Umbro and Cole Haan brands to focus on growing their Nike, Jordan, Converse and Hurley brands.

Will Nike Inc.’s shareholders increase their holdings? They reported owning a total of 21.482 million shares on 09/30/2012. The shares closed at $94.91 on 09/30/2012.

Here are the ten largest positions in Nike Inc. at the end of September 30th, 2012.

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Bank of New York Mellon Corp held 11,102,514 shares on 09/30/2012 worth $1,053,739,644. This brought the portfolio total to 0.39%.

Nordea Investment Management AB held 1,291,033 shares on 09/30/2012 worth $122,531,947. This brought the portfolio total to 0.91%.

Diamond Hill Capital Management Inc held 953,813 shares on 09/30/2012 worth $90,526,395. This brought the portfolio total to 1.04%.

Schwab Charles Investment Management Inc held 651,723 shares on 09/30/2012 worth $61,855,032. This brought the portfolio total to 0.17%.

Mizuho Trust & Banking Co. Ltd. held 648,106 shares on 09/30/2012 worth $61,511,743. This brought the portfolio total to 0.24%.

STRS Ohio held 486,850 shares on 09/30/2012 worth $46,206,935. This brought the portfolio total to 0.2%.

Public Employees Retirement Association of Colorado held 309,904 shares on 09/30/2012 worth $29,412,990. This brought the portfolio total to 0.24%.

Metropolitan Life Insurance Co/NY held 254,602 shares on 09/30/2012 worth $24,164,277. This brought the portfolio total to 0.21%.

Chevy Chase Trust Holdings Inc. held 244,915 shares on 09/30/2012 worth $23,244,884. This brought the portfolio total to 0.25%.

Coho Partners Ltd. held 227,151 shares on 09/30/2012 worth $21,558,902. This brought the portfolio total to 2.96%.

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