5 Best Medical Stocks To Invest In According to Hedge Funds

2. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Q4 2023 Hedge Fund Shareholders: 111

Thermo Fisher Scientific Inc. (NYSE:TMO) is a medical devices and instruments company headquartered in Waltham, Massachusetts. Its shares slumped in January 2024 after its latest financial results saw the firm warn about slowing sales ahead.

111 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 research had bought the firm’s shares. Thermo Fisher Scientific Inc. (NYSE:TMO)’s largest hedge fund shareholder is Chris Hohn’s TCI Fund Management due to its $1.6 billion investment.

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