Top 5 Stocks To Buy According To Thomas Steyer’s Farallon Capital

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In this article, we will discuss the top 5 stocks to buy according to Thomas Steyer’s Farallon Capital. If you want to see our comprehensive analysis of Steyer’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stocks To Buy According To Thomas Steyer’s Farallon Capital.

5. Boston Scientific Corporation (NYSE:BSX)

Farallon Capital’s Stake Value: $543.7 million
Percentage of Farallon Capital’s 13F Portfolio: 2.41%
Number of Hedge Fund Holders: 51

Boston Scientific Corporation (NYSE:BSX) is a Massachusetts-based manufacturing company that designs, produces and sells devices for the medical industry.

On October 6, Piper Sandler analyst Matt O’Brien maintained an Overweight rating on Boston Scientific Corporation (NYSE:BSX) with a $175 price target on its shares.

By the end of the second quarter of this year, Thomas Steyer’s Farallon Capital held 12.7 million shares of Boston Scientific Corporation (NYSE:BSX) with the stake equaling $543.7 million and representing 2.41% of the investment firm’s portfolio. Of the 873 elite funds tracked by Insider Monkey, 51 held stakes in the company in the second quarter of 2021, up from 44 hedge funds in the preceding quarter.

Artisan Partners, in its second-quarter investor letter mentioned Boston Scientific Corporation (NYSE:BSX). Here is what the fund said:

“Among our top contributors (includes) Boston Scientific. Shares of Boston Scientific were volatile throughout most of 2020 as the pandemic drove significant drops in elective medical procedures, though our longer-term constructive view and belief elective medical procedures would bounce back post pandemic prompted us to add to our position. We have been rewarded with shares rebounding this year alongside a recovery in elective medical procedures. Longer-term, we believe the company’s investments in higher growth categories will drive revenue growth to the higher end of its peer group with rising margins.”


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