SYK ranks #110 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
SYK is a top-conviction position for First Western Trust Bank — at 46.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in SYK belongs to BlackRock, Inc., but the position matters far more to First Western Trust Bank, who has 46.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
JPMorgan has added to its SYK position for two straight quarters, increasing it by $1.4B to reach $5.7B today.
Capital Research Global Investors has trimmed its SYK position for two straight quarters, cutting it by $1.6B while still holding $509.2M.
SYK is down 2% today, but institutions show net buying of $37.0B this quarter — a divergence between today's price move and the underlying institutional flow.