Smith & Nephew shares surged as much as 5.6%, the most since February and leading the FTSE 100, after the company released a strong trading update and reaffirmed its positive outlook for 2025, projecting robust revenue growth and improved profit margins. As of late 2024 and early 2025, hedge funds control about 5% of Smith & Nephew’s shares, while large institutional investors-including BlackRock and Vanguard-hold over 75%, making institutions the dominant force in the company’s ownership structure
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