Vault-13

SMITH & NEPHEW PLC SNN

SPDN ADR NEW · ADR · CUSIP 83175M205

265 institutional holders +6 vs Q3 2025
32,336,95932.3m shares reported held*
$1.1bnreported value*
30 new 92 added 92 reduced 28 sold out net sold ≈ $8.1m (-248.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.81. Options: 1 managers hold calls ($6.6k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 196Q4 22: 204Q1 23: 216Q2 23: 230Q3 23: 210Q4 23: 221Q1 24: 213Q2 24: 209Q3 24: 209Q4 24: 215Q1 25: 226Q2 25: 235Q3 25: 259Q4 25: 265265Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022196
Q4 2022204
Q1 2023216
Q2 2023230
Q3 2023210
Q4 2023221
Q1 2024213
Q2 2024209
Q3 2024209
Q4 2024215
Q1 2025226
Q2 2025235
Q3 2025259
Q4 2025265

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 113 bought or addedQ1 24: 98 cut or sold outQ2 24: 104 bought or addedQ2 24: 90 cut or sold outQ2 24Q3 24: 97 bought or addedQ3 24: 104 cut or sold outQ4 24: 110 bought or addedQ4 24: 97 cut or sold outQ4 24Q1 25: 118 bought or addedQ1 25: 97 cut or sold outQ2 25: 134 bought or addedQ2 25: 94 cut or sold outQ2 25Q3 25: 123 bought or addedQ3 25: 120 cut or sold outQ4 25: 122 bought or addedQ4 25: 120 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202411398
Q2 202410490
Q3 202497104
Q4 202411097
Q1 202511897
Q2 202513494
Q3 2025123120
Q4 2025122120

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50k$100k$150kQ1 25 calls: $14.2kQ1 25 puts: $132.5kQ1 25P/C 9.34Q2 25 calls: $0Q2 25 puts: $9.0kQ2 25P/C —Q3 25 calls: $25.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $6.6kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$14.2k$132.5k9.34
Q2 2025$0$9.0k—
Q3 2025$25.0k$00.00
Q4 2025$6.6k$00.00

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +429,788+429.8k
River Road Asset Management, LLC Added +384,926+384.9k
RAYMOND JAMES FINANCIAL INC Added +360,860+360.9k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +311,075+311.1k
MILLENNIUM MANAGEMENT LLC Added +271,894+271.9k
DIMENSIONAL FUND ADVISORS LP Added +236,642+236.6k
OLD MISSION CAPITAL LLC New +226,691+226.7k
TODD ASSET MANAGEMENT LLC Added +219,348+219.3k
D. E. Shaw & Co., Inc. Added +201,879+201.9k
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY Added +144,800+144.8k

Biggest sellers

Optiver Holding B.V. Reduced -917,691-917.7k
BARROW HANLEY MEWHINNEY & STRAUSS LLC Sold out -580,206-580.2k
CITIGROUP INC Reduced -442,676-442.7k
Scharf Investments, LLC Reduced -336,402-336.4k
JPMORGAN CHASE & CO Reduced -279,368-279.4k
ROYAL BANK OF CANADA Reduced -188,601-188.6k
STEADFAST CAPITAL MANAGEMENT LP Sold out -171,617-171.6k
MORGAN STANLEY Reduced -162,321-162.3k
HEARTLAND ADVISORS INC Reduced -112,426-112.4k
ACADIAN ASSET MANAGEMENT LLC Sold out -81,948-81.9k

Biggest calls

SIMPLEX TRADING, LLC Reduced $6.6k200 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Cevian Capital II GP LTD 13D · may seek influence +1.1 pts · filed 2026-07-27 14.2% +1.1 pts 119.2m 2026-07-27

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 3,232,5393.2m $106.1m $106.1m 0.04% Reduced -51.0k -50,985
2 River Road Asset Management, LLC 1.14% of their portfolio LOUISVILLE, KY 3,169,6443.2m $104.0m $104.0m 1.14% Added +384.9k +384,926
3 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 2,053,7262.1m $67.4m $67.4m 0.01% Added +100.7k +100,697
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,789,4701.8m $58.7m $58.7m 0.00% Reduced -162.3k -162,321
5 Scharf Investments, LLC 1.49% of their portfolio LOS GATOS, CA 1,692,6491.7m $55.5m $55.5m 1.49% Reduced -336.4k -336,402
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,417,0621.4m $46.5m $46.5m 0.00% Added +429.8k +429,788
7 BRANDES INVESTMENT PARTNERS, LP 0.29% of their portfolio LA JOLLA, CA 1,181,1831.2m $38.8m $38.8m 0.29% Reduced -69.0k -69,014
8 TODD ASSET MANAGEMENT LLC 0.60% of their portfolio Louisville, KY 944,578944.6k $31.0m $31.0m 0.60% Added +219.3k +219,348
9 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 928,239928.2k $30.5m $30.5m 0.02% Reduced -9.7k -9,704
10 ABC ARBITRAGE SA 2.33% of their portfolio PARIS, I0 757,956758.0k $24.9m $24.9m 2.33% Added +74.5k +74,504
11 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 728,667728.7k $23.9m $23.9m 0.01% Added +236.6k +236,642
12 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 721,690721.7k $23.7m $23.7m 0.01% Added +311.1k +311,075
13 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 672,261672.3k $22.1m $22.1m 0.00% Added +6.1k +6,127
14 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 616,869616.9k $20.2m $20.2m 0.01% Added +360.9k +360,860
15 CAUSEWAY CAPITAL MANAGEMENT LLC 0.27% of their portfolio LOS ANGELES, CA 603,812603.8k $19.8m $19.8m 0.27% Added +31.3k +31,280
16 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.15% of their portfolio FRANKFORT, KY 599,500599.5k $19.7m $19.7m 0.15% Added +144.8k +144,800
17 FMR LLC 0.00% of their portfolio BOSTON, MA 546,633546.6k $17.9m $17.9m 0.00% Added +3.8k +3,844
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 524,783524.8k $17.2m $17.2m 0.00% Added +61.5k +61,548
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 470,471470.5k $15.4m $15.4m 0.00% Added +17.9k +17,854
20 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 449,498449.5k $14.7m $14.7m 0.00% Reduced -54.0k -53,996
21 DEPRINCE RACE & ZOLLO INC 0.24% of their portfolio Winter Park, FL 375,955376.0k $12.3m $12.3m 0.24% Added +36.1k +36,072
22 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 337,623337.6k $11.1m $11.1m 0.01% Added +271.9k +271,894
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 316,079316.1k $10.4m $10.4m 0.00% Reduced -188.6k -188,601
24 Bridgewater Associates, LP 0.04% of their portfolio Westport, CT 312,311312.3k $10.2m $10.2m 0.04% Added +108.3k +108,318
25 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 309,267309.3k $10.1m $10.1m 0.04% Reduced -7.1k -7,148
26 Tower Research Capital LLC (TRC) 0.24% of their portfolio NEW YORK, NY 307,049307.0k $10.1m $10.1m 0.24% Added +33.2k +33,197
27 HEARTLAND ADVISORS INC 0.53% of their portfolio MILWAUKEE, WI 300,567300.6k $9.9m $9.9m 0.53% Reduced -112.4k -112,426
28 CLARK ESTATES INC/NY 2.39% of their portfolio NEW YORK, NY 300,000300.0k $9.8m $9.8m 2.39% Reduced -25.0k -25,000
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 292,490292.5k $9.6m $9.6m 0.00% Reduced -279.4k -279,368
30 Lorne Steinberg Wealth Management Inc. 2.00% of their portfolio MONTREAL, QUEBEC, Z4 265,320265.3k $8.7m $8.7m 2.00% Added +1.0k +1,000
31 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 259,495259.5k $8.5m $8.5m 0.01% Added +201.9k +201,879
32 Transmarket Holdings LP 5.78% of their portfolio CHICAGO, IL 241,032241.0k $7.9m $7.9m 5.78% First filing
33 OLD MISSION CAPITAL LLC 0.29% of their portfolio CHICAGO, IL 226,691226.7k $7.4m $7.4m 0.29% New
34 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.11% of their portfolio New York, NY 222,213222.2k $7.3m $7.3m 0.11% Reduced -12.8k -12,796
35 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 201,084201.1k $6.6m $6.6m 0.00% Added +19.7k +19,702
36 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 194,682194.7k $6.4m $6.4m 0.01% Reduced -36.7k -36,674
37 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 190,156190.2k $6.2m $6.2m 0.01% Added +28.9k +28,861
38 Optiver Holding B.V. 0.11% of their portfolio AMSTERDAM, P7 182,262182.3k $6.0m $6.0m 0.11% Reduced -917.7k -917,691
39 Oliver Luxxe Assets LLC 0.90% of their portfolio GLADSTONE, NJ 181,116181.1k $5.9m $5.9m 0.90% Added +3.6k +3,573
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 165,361165.4k $5.4m $5.4m 0.00% Added +18.8k +18,777
41 KORNITZER CAPITAL MANAGEMENT INC /KS 0.11% of their portfolio SHAWNEE MISSION, KS 154,254154.3k $5.1m $5.1m 0.11% Unchanged
42 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 153,617153.6k $5.0m $5.0m 0.02% Reduced -4.6k -4,631
43 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 153,434153.4k $5.0m $5.0m 0.01% Added +5.4k +5,449
44 Henry James International Management Inc. 1.55% of their portfolio NEW YORK, NY 149,900149.9k $4.9m $4.9m 1.55% Unchanged
45 Moran Wealth Management, LLC 0.14% of their portfolio NAPLES, FL 139,987140.0k $4.6m $4.6m 0.14% Added +13.8k +13,766
46 Sivik Global Healthcare LLC 2.00% of their portfolio GREENWICH, CT 125,000125.0k $4.1m $4.1m 2.00% Reduced -35.0k -35,000
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 115,397115.4k $3.8m $3.8m 0.00% Added +8.6k +8,553
48 Crossmark Global Holdings, Inc. 0.05% of their portfolio HOUSTON, TX 100,150100.2k $3.3m $3.3m 0.05% Reduced -14.2k -14,197
49 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 99,80999.8k $3.3m $3.3m 0.00% Added +63.4k +63,375
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 98,90898.9k $3.2m $3.2m 0.00% Reduced -863 -863
51 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 80,03180.0k $2.6m $2.6m 0.00% Reduced -2.5k -2,484
52 Boston Partners 0.00% of their portfolio BOSTON, MA 75,21475.2k $2.5m $2.5m 0.00% Reduced -4.7k -4,651
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 73,37973.4k $2.4m $2.4m 0.00% Reduced -1.2k -1,192
54 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 72,10372.1k $2.4m $2.4m 0.01% Added +1.5k +1,492
55 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 70,05970.1k $2.3m $2.3m 0.00% Added +1.2k +1,238
56 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 67,77267.8k $2.2m $2.2m 0.00% Added +4.3k +4,303
57 EARNEST PARTNERS LLC 0.01% of their portfolio ATLANTA, GA 64,76364.8k $2.1m $2.1m 0.01% Reduced -5.8k -5,767
58 QRG CAPITAL MANAGEMENT, INC. 0.02% of their portfolio BERWYN, PA 62,06062.1k $2.0m $2.0m 0.02% Added +11.6k +11,598
59 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 61,04261.0k $2.0m $2.0m 0.01% Added +15.0k +14,989
60 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 58,13958.1k $1.9m $1.9m 0.01% Added +6.9k +6,924
61 EAGLE GLOBAL ADVISORS LLC 0.07% of their portfolio Houston, TX 55,40055.4k $1.8m $1.8m 0.07% Unchanged
62 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 54,71854.7k $1.8m $1.8m 0.00% Added +19.9k +19,900
63 HANTZ FINANCIAL SERVICES, INC. 0.02% of their portfolio SOUTHFIELD, MI 50,06350.1k $1.6m $1.6m 0.02% Reduced -25.3k -25,334
64 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 49,06349.1k $1.6m $1.6m 0.04% Added +30.6k +30,553
65 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 48,07948.1k $1.6m $1.6m 0.00% Reduced -2.0k -2,029
66 Perpetual Ltd 0.02% of their portfolio SYDNEY, NEW SOUTH WALES, C3 46,26246.3k $1.5m $1.5m 0.02% New
67 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 46,15446.2k $1.5m $1.5m 0.00% Reduced -9.7k -9,712
68 ASHTON THOMAS SECURITIES, LLC 0.28% of their portfolio ROCHESTER, NY 45,24345.2k $1.5m $1.5m 0.28% Reduced -10.0k -10,048
69 OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio NEW YORK, NY 44,26944.3k $1.5m $1.5m 0.02% Reduced -1.2k -1,171
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 43,98544.0k $1.4m $1.4m 0.00% Reduced -442.7k -442,676
71 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 43,60243.6k $1.4m $1.4m 0.00% Added +1.0k +1,004
72 Beutel, Goodman & Co Ltd. 0.01% of their portfolio TORONTO, A6 41,54541.5k $1.4m $1.4m 0.01% Added +6.0k +5,980
73 Aquatic Capital Management LLC 0.04% of their portfolio CHICAGO, IL 39,73139.7k $1.3m $1.3m 0.04% Reduced -2.7k -2,663
74 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 37,61937.6k $1.2m $1.2m 0.00% New
75 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 37,30237.3k $1.2m $1.2m 0.00% Reduced -60.4k -60,388
76 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 35,94835.9k $1.2m $1.2m 0.02% Added +27.0k +26,996
77 Callan Family Office, LLC 0.03% of their portfolio RADNOR, PA 35,56335.6k $1.2m $1.2m 0.03% Added +29.5k +29,528
78 DRW Securities, LLC 0.09% of their portfolio CHICAGO, IL 34,67434.7k $1.1m $1.1m 0.09% Reduced -600 -600
79 Parvin Asset Management, LLC 0.90% of their portfolio SIOUX FALLS, SD 34,05034.0k $1.1m $1.1m 0.90% Reduced -425 -425
80 Farringdon Capital, Ltd. 0.27% of their portfolio LONDON, X0 33,80933.8k $1.1m $1.1m 0.27% Reduced -6.0k -5,955
81 Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio OAKLAND, CA 32,51432.5k $1.1m $1.1m 0.01% Reduced -7.1k -7,054
82 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 32,28632.3k $1.1m $1.1m 0.00% Reduced -76.8k -76,790
83 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 30,02430.0k $985.1k $985.1k 0.00% Added +11.0k +11,030
84 Ethic Inc. 0.01% of their portfolio NEW YORK, NY 29,32329.3k $962.1k $962.1k 0.01% Added +250 +250
85 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 28,73228.7k $974.0k $974.0k 0.00% Reduced -1.3k -1,279
86 Glen Eagle Advisors, LLC 0.13% of their portfolio KINGSTON, NJ 28,65228.7k $940.1k $940.1k 0.13% Added +7.5k +7,524
87 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 28,57528.6k $937.5k $937.5k 0.01% Added +7.1k +7,132
88 FACTORY MUTUAL INSURANCE CO 0.01% of their portfolio WALTHAM, MA 27,74727.7k $910.4k $910.4k 0.01% Unchanged
89 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 27,39627.4k $898.9k $898.9k 0.00% Added +5.4k +5,391
90 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 25,89725.9k $849.7k $849.7k 0.00% Added +1.4k +1,401
91 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 25,87425.9k $848.9k $848.9k 0.00% Added +3.4k +3,365
92 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 25,48825.5k $836.3k $836.3k 0.01% Reduced -131 -131
93 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 24,28424.3k $797.0k $797.0k 0.00% Unchanged
94 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 23,29523.3k $764.3k $764.3k 0.00% Reduced -20.8k -20,808
95 Brooklyn Investment Group 0.04% of their portfolio NEW YORK, NY 23,17823.2k $768.1k $768.1k 0.04% Added +11.9k +11,932
96 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,63920.6k $677.2k $677.2k 0.00% Added +1.2k +1,173
97 PCM Encore, LLC 0.14% of their portfolio Aspen, CO 20,52220.5k $673.3k $673.3k 0.14% First filing
98 CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio RICHMOND, VA 20,25520.3k $664.6k $664.6k 0.02% Added +365 +365
99 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 19,85319.9k $651.4k $651.4k 0.01% Reduced -1.5k -1,467
100 HIGHLAND CAPITAL MANAGEMENT, LLC 0.03% of their portfolio MEMPHIS, TN 18,98519.0k $622.9k $622.9k 0.03% Reduced -2.7k -2,700