Billionaire Larry Robbins’ Long-Term Stock Picks

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12. Butterfly Network, Inc. (NYSE:BFLY)

Number of Hedge Fund Holders: 15

Glenview Capital’s Stake: $17.6 million

Butterfly Network, Inc. (NYSE:BFLY) develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. This company emerges as a prime investment opportunity for several reasons. First and foremost, the company delivered quarterly revenue of $20.6 million in the third quarter, representing 33% year-over-year growth, highlighting the company’s increasing market demand and potential for continued expansion. Secondly, the company announced a five-year co-development agreement with Forest Neurotech for next-generation brain-computer interfaces using ultrasound-on-chip technology. Moreover, the company has announced the commercial launch of its third-generation handheld point-of-care ultrasound (POCUS) system, Butterfly iQ3 in Europe. Butterfly iQ3 is powered by the company’s most advanced semiconductor chip.

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