If you are looking for the best ideas for your portfolio you may want to consider some of RiverPark Advisors top stock picks. RiverPark Advisors, an investment management firm, is bullish on Intuitive Surgical Inc (NASDAQ:ISRG) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Intuitive Surgical Inc (NASDAQ:ISRG) stock. Intuitive Surgical Inc (NASDAQ:ISRG) is the industry leader in robotic assisted surgery.
In July 2019, RiverPark Advisors had released its Q2 2019 investor letter. Intuitive Surgical Inc (NASDAQ:ISRG) stock has posted a return of 22.3% in the trailing one year period, outperforming the S&P 500 Index which returned 10.2% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Intuitive Surgical Inc (NASDAQ:ISRG) stock has risen by 12.8%.
In Q2 2019 investor letter, RiverPark Advisors said the Large Growth fund posted a return of 7.4% in the second quarter of 2019, outperforming fund’s benchmark the S&P 500 Index which returned 4.3% in the same period. Let’s take a look at comments made by RiverPark Advisors about Intuitive Surgical Inc (NASDAQ:ISRG) stock in the Q2 2019 investor letter.
“The drivers of Intuitive’s business are the number of installed robotic surgical machines (brand name da Vinci) and the annual procedure volumes executed on those machines. In the five years ending 2018, Intuitive grew its systems installed base by 79% which delivered procedure growth of 100% in a market of robotically addressable surgeries that also roughly doubled to approximately 2.6 million surgeries. We think over the next five years the company’s installed base can grow 1.5 times (from 6,400 installed robots to 15,400) and that procedures will grow to more than 3 million per year from its current volume of 1 million per year. We expect this continued growth in system sales and procedures to cause earnings to more than triple over the next 4-6 years and, longer term, as robotic surgery becomes the standard of care for general surgeries, we believe Intuitive’s addressable market could reach 50 million procedures compared to the 1 million procedures performed on the company’s robots last year.”
In Q2 2020, the number of bullish hedge fund positions on Intuitive Surgical Inc (NASDAQ:ISRG) stock decreased by about 14% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Intuitive’s growth potential. Our calculations showed that Intuitive Surgical Inc (NASDAQ:ISRG) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
