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Should You Consider Adding Smith & Nephew plc (SNN) to Your Portfolio?

Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 8.24% in the quarter compared to the Russell Midcap Value Index’s 10.1% return. Stock selection was positive in six of 11 sectors. The strategy outperformed the Russell Midcap Value Index over the last three and five years mostly due to security selection. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Heartland Mid Cap Value Fund highlighted...