This article first appeared on GuruFocus.
Chip Wilson just hit the sell button on $159.7 million worth of Amer Sports (NYSE:AS) stock. The Lululemon (NASDAQ:LULU) founder offloaded just over 4 million sharesaround 0.7% of the companyon August 25, according to regulatory filings. This comes hot on the heels of yet another cash-raising move where Wilson pledged Lululemon shares to banks for liquidity. The latest sale adds to a growing pattern: Wilson unlocking capital, while offering zero clues about where it’s headed next.
Wilson originally backed Amer back in 2019, teaming up with Anta SportsChina’s largest athletic-apparel brandin a bet on China’s rising middle class. The strategy? Sell premium gear like baseball bats and tennis rackets to an increasingly upscale consumer base. It’s been a profitable gamble. Since Amer’s NYSE debut in early 2024, the stock has more than tripled. Wilson’s 18% holding now represents roughly half of his $8 billion fortune, per Bloomberg’s Billionaires Index.
What’s next? Hard to say. Bloomberg had reported that Anamered Investments, Wilson’s investment vehicle, was exploring a $163 million block saleso this move doesn’t come out of nowhere. But with over $500 million in bank-backed firepower and no Amer shares pledged as collateral, Wilson still has plenty of dry powder. Whether he’s prepping for another big swingor simply cashing in while the stock’s hotinvestors will be watching his next move closely.