This is a routine passive stake adjustment by Bank of America. No trading action warranted. Monitor for any subsequent 13D filings or activist activity, but this filing alone is not a signal.
Price Chart
Executive Summary
Bank of America Corporation filed a TR-1 notification disclosing a reduction in its aggregate position in Smith & Nephew PLC. Its total holdings (voting rights plus financial instruments) decreased from 3.172736% to 2.888834% as of August 19, 2026, driven by a reduction in financial instruments exposure (swaps and options) from 0.770499% to 0.427242%. This is a routine passive stake adjustment by a large financial institution, not an activist move or material change in ownership outlook.
Key Facts
- Bank of America Corporation's total stake in Smith & Nephew PLC decreased from 3.172736% to 2.888834% as of August 19, 2026.
- The reduction was driven by a decrease in financial instruments (swaps/options) from 0.770499% to 0.427242% of voting rights.
- Direct voting rights held via shares increased slightly from 2.402237% to 2.461592%.
- The filing is a routine UK TR-1 major holdings notification, not an activist 13D or material event.
Financial Impact
No material financial impact. The change represents a ~0.28% reduction in total notional exposure by a single large shareholder, well within normal portfolio rebalancing.
Risk Factors
- No material risks identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (SNN) — Batch item 1 | 0001654954-26-007781 |
| Document: 0001654954-26-007781-index-headers.html | 0001654954-26-007781 |
| Document: 0001654954-26-007781-index.html | 0001654954-26-007781 |
| Document: 0001654954-26-007781.txt | 0001654954-26-007781 |
| 6-K Filing (SNN) — Batch item 5 | 0001654954-26-007781 |
| Document: 0001654954-26-007781-index-headers.html | 0001654954-26-007781 |
| Document: 0001654954-26-007781-index.html | 0001654954-26-007781 |
| Document: 0001654954-26-007781.txt | 0001654954-26-007781 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 6-K | $27.80 $26.82 | ▼ −3.53% | ▼ −6.09% | $26.42 (−4.96%) |
Sep 16, 2026 16d ago | 6-K | $27.80 $26.82 | ▼ −3.53% | ▼ −6.09% | $26.42 (−4.96%) |
Sep 11, 2026 21d ago | 6-K | $27.50 $27.56 | ▲ +0.22% | ▲ +0.44% | $26.42 (−3.93%) |
Sep 10, 2026 22d ago | 6-K | $27.62 $27.78 | ▲ +0.58% | ▲ +1.08% | $26.42 (−4.34%) |
Sep 10, 2026 22d ago | 6-K | $27.62 $27.78 | ▲ +0.58% | ▲ +1.08% | $26.42 (−4.34%) |
Sep 9, 2026 23d ago | 6-K | $27.80 $28.06 | ▲ +0.94% | ▲ +1.27% | $26.42 (−4.96%) |
Sep 8, 2026 24d ago | 424B5 | $27.87 $28.01 | ▲ +0.50% | ▲ +1.62% | $26.42 (−5.20%) |
Sep 2, 2026 4w ago | 6-K | $28.66 $27.62 | ▼ −3.63% | ▼ −2.67% | $26.42 (−7.82%) |
Sep 2, 2026 4w ago | 6-K | $28.66 $27.62 | ▼ −3.63% | ▼ −2.67% | $26.42 (−7.82%) |
Sep 1, 2026 4w ago | 6-K | $28.97 $27.80 | ▼ −4.04% | ▼ −4.12% | $26.42 (−8.80%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access