Smith & Nephew
230 hedge funds and large institutions have $1.5B invested in Smith & Nephew in 2020 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 96 increasing their positions, 76 reducing their positions, and 35 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 76
0.3% more ownership
Funds ownership: 4.43% → 4.73% (+0.3%)
3% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 35
3% less funds holding
Funds holding: 236 → 230 (-6)
20% less capital invested
Capital invested by funds: $1.87B → $1.5B (-$368M)
89% less call options, than puts
Call options by funds: $620K | Put options by funds: $5.85M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM Investment Management
Laguna Beach,
California
|
+$106M |
| 2 |
BlackRock
New York
|
+$60.4M |
| 3 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$33.6M |
| 4 |
Renaissance Technologies
New York
|
+$31.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$60.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.8M |
| 3 |
CI
Cambiar Investors
Denver,
Colorado
|
-$27.5M |
| 4 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$19.7M |
| 5 |
Jane Street
New York
|
-$18M |
SNN Hedge Fund Activity: Q1 2020 in Review
230 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Smith & Nephew (SNN) for Q1 2020, worth a combined $1.5B — down 20% from $1.87B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of SNN and 34 opened new positions — a net loss of 1 holder — while 76 trimmed existing stakes and 96 added.
The largest buyer was WCM Investment Management, adding an estimated $106M. The largest seller was Arrowstreet Capital, cutting an estimated $60.5M.
- 230 institutional investors held Smith & Nephew (SNN) as of Q1 2020, down from 236 in Q4 2019.
- Funds reported $1.5B of Smith & Nephew stock for Q1 2020, down 20% quarter-over-quarter.
- 34 funds opened new Smith & Nephew positions in Q1 2020 and 35 closed out, a net change of -1 holder.
- The largest Smith & Nephew buyer in Q1 2020 was WCM Investment Management, an estimated $106M added.
- The largest Smith & Nephew seller in Q1 2020 was Arrowstreet Capital, an estimated $60.5M sold.
Based on aggregated 13F filings for Q1 2020.