Nike
Gladstone Capital Management probably listened to Nike’s slogan, Just Do It, when it boosted its stake in the sports brand. It increased its shares by 15 percent, making it in the hedge fund’s top three holdings. The athletic clothes company also makes for 11.5 percent of the firm’s holdings.
Despite the coronavirus pandemic, Nike’s stocks didn’t seem to be overly affected as it had a reported 35-percent increase in 2020. Gladstone is probably glad that it has invested in the brand for years now since nothing stops the brand from innovating. In 2021, it released the Go FlyEase shoes that won’t require hands when putting on.
