Fred Alger Management, an funding administration firm, launched its “Alger Spectra Fund” third-quarter 2025 investor letter. A duplicate of the letter may be downloaded here. U.S. fairness markets continued their upward trajectory within the third quarter, with the S&P 500 Index rising 8.12%. A mixture of enhancing financial circumstances, stable company earnings, and rising expectations for financial easing drove the robust efficiency. Towards this backdrop, Class A shares of the Fund outperformed the Russell 3000 Development Index throughout the third quarter of 2025. As well as, please verify the fund’s prime 5 holdings to know its greatest picks in 2025.
In its third-quarter 2025 investor letter, Alger Spectra Fund highlighted shares resembling Intuitive Surgical, Inc. (NASDAQ:ISRG). Intuitive Surgical, Inc. (NASDAQ:ISRG) manufactures and markets merchandise that assist physicians and healthcare suppliers enhance the standard of and entry to minimally invasive care. The one-month return of Intuitive Surgical, Inc. (NASDAQ:ISRG) was 32.04%, and its shares gained 7.29% of their worth over the past 52 weeks. On November 10, 2025, Intuitive Surgical, Inc. (NASDAQ:ISRG) inventory closed at $576.20 per share, with a market capitalization of $204.261 billion.
Alger Spectra Fund acknowledged the next concerning Intuitive Surgical, Inc. (NASDAQ:ISRG) in its third quarter 2025 investor letter:
“Intuitive Surgical, Inc. (NASDAQ:ISRG) develops superior surgical techniques that assist physicians carry out much less invasive procedures throughout a spread of specialties. The corporate enhances its techniques with devices, companies, and coaching that assist constant use and outcomes over time. We consider Intuitive Surgical advantages from a robust enterprise mannequin, deep medical experience, and a big put in base that encourages ongoing adoption. Shares detracted throughout the quarter as process progress developments moderated and traders grew cautious about spending by hospitals amid a extra unsure macro backdrop. Further strain got here from issues round aggressive dynamics and the timing of latest system placements. Whereas these elements weighed on sentiment, we proceed to consider in Intuitive Surgical’s robust market place and talent to profit from the continuing shift towards minimally invasive care.”
Intuitive Surgical, Inc. (NASDAQ:ISRG) just isn’t on our checklist of 30 Most Popular Stocks Among Hedge Funds. In response to our database, 107 hedge fund portfolios held Intuitive Surgical, Inc. (NASDAQ:ISRG) on the finish of the second quarter, up from 106 within the earlier quarter. Within the third quarter of 2025, Intuitive Surgical, Inc.’s (NASDAQ:ISRG) revenue grew 23% to $2.5 billion. Whereas we acknowledge the potential of Intuitive Surgical, Inc. (NASDAQ:ISRG) as an funding, we consider sure AI shares supply better upside potential and carry much less draw back threat. For those who’re in search of a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the best short-term AI stock.
