Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s What Gabelli Funds Has Been Buying: Ryman Hospitality Properties Inc (GET), Energy Transfer Partners LP (ETP)

Finally, Gabelli Funds’ biggest closed positions included Cooper Industries plc (NYSE:CBE) (which is being bought by Eaton) and Kenexa Corporation (NYSE:KNXA) (bought by IBM). Other closed positions of interest include Intuitive Surgical, Inc. (NASDAQ:ISRG). Intuitive is the leader in robotic surgical equipment, and has been growing rapidly in recent years. There’s much to like about it, such as its repeating revenue from service contracts and supplies. A red flag, though, is that some studies are suggesting that robot-assisted surgeries may not be much more effective than traditional ones. (Some of these studies ignore the faster recovery times for less-invasive procedures.) The company has been trying to appeal more directly to doctors and hospitals lately. The new tax on medical devices may sting Intuitive a bit, but it has the earnings to handle it — the tax is likely to hurt its less profitable or unprofitable peers more.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Gabelli Funds Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Apple, Corning, and Intuitive Surgical. The Motley Fool recommends Apple, Corning, and Intuitive Surgical. It owns shares of Apple, Corning, Freeport-McMoRan Copper & Gold, IBM, Intuitive Surgical, and SUPERVALU.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.