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Holly LaFon
Holly LaFon
Articles (4287) 

Baron Funds Comments on Intuitive Surgical

May 05, 2014 | About:

We sold out of the last of long-term holding Intuitive Surgical, Inc. (NASDAQ:ISRG) Intuitive was one of the great investments in the Fund's history, but we let go of the last remnants of our position as the stock rebounded, and we felt uncertain about the device's utility in some of its new general surgery applications. Intuitive also has a $16 billion market cap on sale (it was $350 million on purchase!), and we need to be cognizant of market cap in our portfolio construction.

From Baron Funds' first quarter 2014 commentary.

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