Intuitive Surgical
ISRG
470 hedge funds and large institutions have $12.9B invested in Intuitive Surgical in 2013 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 164 increasing their positions, 178 reducing their positions, and 88 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 178
7% less funds holding
Funds holding: 505 → 470 (-35)
31% less capital invested
Capital invested by funds: $18.6B → $12.9B (-$5.74B)
33% less call options, than puts
Call options by funds: $564M | Put options by funds: $842M
34% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 88
38% less funds holding in top 10
Funds holding in top 10: 13 → 8 (-5)
Top Buyers
| 1 |
Bank of New York Mellon
New York
|
+$446M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$324M |
| 3 |
Morgan Stanley
New York
|
+$302M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$163M |
| 5 |
Sands Capital Management
Arlington,
Virginia
|
+$154M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
551
MUFG Americas
New York
| – | -$11K | -189 | Closed |
|
|
HDIM
552
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$9K | -153 | Closed |
|
|
WA
553
WestEnd Advisors
Charlotte,
North Carolina
| – | -$6.58K | -117 | Closed |
|
554
Jones Financial Companies
Des Peres,
Missouri
| – | -$6K | -99 | Closed |
|
|
FHB
555
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$4K | -72 | Closed |
|
|
BWM
556
Baystate Wealth Management
Boston,
Massachusetts
| – | -$3K | -54 | Closed |
|
557
Lazard Asset Management
New York
| – | -$1K | -18 | Closed |
|
ISRG Hedge Fund Activity: Q3 2013 in Review
470 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Intuitive Surgical (ISRG) for Q3 2013, worth a combined $12.9B — down 31% from $18.6B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of ISRG and 58 opened new positions — a net loss of 30 holders — while 178 trimmed existing stakes and 164 added.
The largest buyer was Bank of New York Mellon, adding an estimated $446M. The largest seller was Capital World Investors, cutting an estimated $838M.
- 470 institutional investors held Intuitive Surgical (ISRG) as of Q3 2013, down from 505 in Q2 2013.
- Funds reported $12.9B of Intuitive Surgical stock for Q3 2013, down 31% quarter-over-quarter.
- 58 funds opened new Intuitive Surgical positions in Q3 2013 and 88 closed out, a net change of -30 holders.
- The largest Intuitive Surgical buyer in Q3 2013 was Bank of New York Mellon, an estimated $446M added.
- The largest Intuitive Surgical seller in Q3 2013 was Capital World Investors, an estimated $838M sold.
Based on aggregated 13F filings for Q3 2013.