How Did Michael Castor’s Picks Play Out in Q4?

#4 Medtronic PLC (NYSE:MDT)

– Shares Owned by Sio Capital (as of September 30): 113,289

– Value of Holding (as of September 30): $7.58 million

Shares of the medical technology company Medtronic PLC (NYSE:MDT) had a decent run, having gained nearly 15% during the final quarter of 2015, which helped the stock to end the year up by 6.5%. Sio Capital more than doubled its stake in the company during the third quarter. However, among the investors covered by Insider Monkey, the number of funds with long positions declined by five to 58 during the same period. Doug Silverman and Alexander Klabin‘s Senator Investment Group increased its stake in the company by 25% to 5 million shares during the third quarter and beacme its largest shareholder at the end of that period.

On December 2, Medtronic PLC (NYSE:MDT) reported its fiscal 2016 second quarter results, declaring EPS of $1.03 on revenue of $7.10 billion, compared to EPS of $0.96 on revenue of $4.40 billion posted a year earlier. Last year the company hiked its quarterly dividend to $0.38 from $0.305, which gives the stock a dividend yield of 2.06%.