Top 5 Stock Picks of Efrem Kamen’s Pura Vida Investments

4. Inspire Medical Systems Inc. (NYSE:INSP)

Pura Vida Investments’ Stake Value: $52.2M

Percentage of Pura Vida Investments’ 13F Portfolio: 1.77%

Number of Hedge Fund Holdings: 30

Headquartered in Minneapolis, Minnesota, Inspire Medical Systems Inc. (NYSE:INSP) is a medical innovation company which produced the first and only FDA-approved sleep-apnea device which treats the primal cause of sleep apnea. Inspire Medical Systems Inc. (NYSE:INSP) was founded in 2007 and is parented by Medtronic (NYSE:MDT). As of the first quarter of 2022, Richard Driehaus’ Driehaus Capital is the largest shareholder in the stock, owning stakes of almost $81 million, a result of Driehaus increasing his hold over the company by 16%.

In their Q1 2022 investor letter, Headwaters Capital, an investment management firm, mentioned Inspire Medical Systems Inc. (NYSE:INSP). This is what they said:

“Inspire Medical (“INSP”) +12%. Inspire Medical sells an implantable neurostimulation device to treat sleep apnea (detailed discussion in Q4 ’20 letter). Inspire (NYSE:INSP) outperformed during the quarter as the company continues to add new implant centers at a faster pace than management initially expected. Additionally, given that Inspire’s (NYSE:INSP) devices are an alternative to CPAP treatment, the company is expected to benefit from a recall of Phillips Respironics’ CPAP devices, which is driving increased interest in the Inspire device.”