Smith & Nephew
188 hedge funds and large institutions have $740M invested in Smith & Nephew in 2015 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 37 closing their positions.
59% more call options, than puts
Call options by funds: $9M | Put options by funds: $5.67M
5% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 59
0.03% more ownership
Funds ownership: 2.39% → 2.42% (+0.03%)
5% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 37
2% less funds holding
Funds holding: 192 → 188 (-4)
6% less capital invested
Capital invested by funds: $784M → $740M (-$44.1M)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
+$59.9M |
| 2 |
SIG
Senator Investment Group
New York
|
+$26.4M |
| 3 |
EPCM
Eton Park Capital Management
New York
|
+$17.8M |
| 4 |
D.E. Shaw & Co
New York
|
+$12.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$24.3M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$20.2M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$19.9M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$15.1M |
| 5 |
BJCM
Blue Jay Capital Management
Los Angeles,
California
|
-$12.5M |
SNN Hedge Fund Activity: Q1 2015 in Review
188 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Smith & Nephew (SNN) for Q1 2015, worth a combined $740M — down 5.6% from $784M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SNN and 35 opened new positions — a net loss of 2 holders — while 59 trimmed existing stakes and 62 added.
The largest buyer was Cambiar Investors, opening a new position worth an estimated $59.9M. The largest seller was Arrowstreet Capital, cutting an estimated $24.3M.
- 188 institutional investors held Smith & Nephew (SNN) as of Q1 2015, down from 192 in Q4 2014.
- Funds reported $740M of Smith & Nephew stock for Q1 2015, down 5.6% quarter-over-quarter.
- 35 funds opened new Smith & Nephew positions in Q1 2015 and 37 closed out, a net change of -2 holders.
- The largest Smith & Nephew buyer in Q1 2015 was Cambiar Investors, an estimated $59.9M added.
- The largest Smith & Nephew seller in Q1 2015 was Arrowstreet Capital, an estimated $24.3M sold.
Based on aggregated 13F filings for Q1 2015.