Billionaire Larry Robbins’ 10 Stock Picks with Huge Upside Potential

3. Butterfly Network Inc. (NYSE:BFLY)

Glenview Capital’s Stake: $31.06 million

Number of Hedge Fund Holders: 26

Average Upside Potential as of May 5: 83.49%

Butterfly Network Inc. (NYSE:BFLY) develops, manufactures, and commercializes ultrasound imaging solutions. It offers the Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow. These are accessible on a user’s smartphone, tablet, and almost any hospital computer system.

In Q1 2025, Butterfly’s core Point-of-Care Ultrasound/POCUS business benefited from the typical influx of medical school opportunities. The company is transitioning medical schools from shared laboratory probes to individual probes purchased by each student. One of the largest colleges of osteopathic medicine committed to this model and order one probe per student going forward.

Financially, the US sales channels at Butterfly Network Inc. (NYSE:BFLY), influenced by these medical school opportunities, saw a 24% revenue increase in Q1, which contributed to the overall 20% growth and $21.2 million in revenue. Product revenue, which was driven by higher sales volume in this segment and the higher selling price of the iQ3 probe, also increased by 25% to $14.2 million.