5 Best Stocks to Buy Now According to Billionaire Thomas Steyer

4. Boston Scientific Corporation (NYSE:BSX)

Farallon Capital’s Stake Value: $560 million

Percentage of Farallon Capital’s 13F Portfolio: 3.45%

Number of Hedge Fund Holders: 56

Boston Scientific Corporation (NYSE:BSX) is a medical device manufacturer and seller that serves the needs of surgeons and neurological and cardiovascular patients. The company is headquartered in Marlborough, Massachusetts, the United States.

Boston Scientific Corporation (NYSE:BSX) has managed to consistently beat analyst EPS estimates for its previous four quarters, as hospitals and physicians shifted their attention from coronavirus patients to those with other diseases. Bank of America paints a bright future for the company’s earnings per share, as it expects it to grow the metric by 7.4%, 11.4%, and 12.3% from 2022 end to 2024 end.

Mr. Steyer’s former hedge fund owned 15 million Boston Scientific Corporation (NYSE:BSX) shares as part of its Q2 2022 holdings, allowing it to hold a $560 million stake in the company. Insider Monkey’s 895 hedge fund survey for this year’s June quarter revealed that 56 had bought Boston Scientific Corporation (NYSE:BSX)’s shares.

Out of these, Andreas Halvorsen’s Viking Global is Boston Scientific Corporation (NYSE:BSX)’s second largest investor as it owns a $546 million stake that comes through 14.6 million shares.