Here’s What Hit Intuitive Surgical (ISRG) in Q3

Sands Capital, an investment management company, released its “Sands Capital Global Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global Growth adopts a flexible approach to identify the most promising growth companies worldwide. Global equities surged in the quarter, although leadership remains concentrated. In this environment, the strategy returned -2.0% compared to 7.6% for the MSCI ACWI. You can check the fund’s top 5 holdings to know more about its best picks for 2025.

In its third-quarter 2025 investor letter, Sands Capital Global Growth Fund highlighted stocks such as Intuitive Surgical, Inc. (NASDAQ:ISRG). Intuitive Surgical, Inc. (NASDAQ:ISRG) manufactures and markets products that help physicians and healthcare providers improve the quality of and access to minimally invasive care. The one-month return of Intuitive Surgical, Inc. (NASDAQ:ISRG) was 3.49%, and its shares gained 3.23% of their value over the last 52 weeks. On December 16, 2025, Intuitive Surgical, Inc. (NASDAQ:ISRG) stock closed at $554.58 per share, with a market capitalization of $198.804 billion.

Sands Capital Global Growth Fund stated the following regarding Intuitive Surgical, Inc. (NASDAQ:ISRG) in its third quarter 2025 investor letter:

“Intuitive Surgical, Inc. (NASDAQ:ISRG) is a quasi-monolopolistic provider of soft-tissue robotic surgical systems. Shares declined in the third quarter of 2025, due to fears about U.S. hospital budgets and fund flows out of medical equipment and health care more broadly. The health care sector underperformed the MSCI ACWI in the quarter, with medical equipment the worst-performing industry group. This masked strong fundamental results. Intuitive exceeded consensus expectations on all metrics, with notably strong operating margins. Da Vinci 5 placements rose 22 percent quarter-over-quarter, even prior to measured launches beginning in the European Union and Japan. Management also repurchased $180 million in stock, reinforcing confidence based on past buying patterns. The company appears well positioned as it enters the next phase of its robot upgrade cycle. We also noted growing enthusiasm for robotic cardiothoracic procedures at July’s Society of Robotic Surgery meeting. These developments could expand Intuitive’s U.S. addressable market by an estimated 5 to 10 percent.”

Intuitive Surgical, Inc. (ISRG): Among Billionaire Ken Fisher’s Healthcare Stock Picks with Massive Upside Potential

Intuitive Surgical, Inc. (NASDAQ:ISRG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 99 hedge fund portfolios held Intuitive Surgical, Inc. (NASDAQ:ISRG) at the end of the third quarter, which was 107 in the previous quarter. While we acknowledge the risk and potential of Intuitive Surgical, Inc. (NASDAQ:ISRG) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Intuitive Surgical, Inc. (NASDAQ:ISRG) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Intuitive Surgical, Inc. (NASDAQ:ISRG) and shared Brown Advisory Large-Cap Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.