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Bank of Nova Scotia Boosts Intuitive Surgical Stake
Institutional investor increases position in medical equipment provider by 73.4% in Q3
Mar. 15, 2026 at 9:22am
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Bank of Nova Scotia raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 73.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor now owns 602,496 shares of the medical equipment provider's stock, worth approximately $269 million.
Why it matters
Intuitive Surgical is a leading provider of robotic-assisted surgical systems, and its da Vinci platform is widely used in minimally invasive procedures. The increase in Bank of Nova Scotia's stake suggests the institutional investor sees long-term growth potential in the company.
The details
According to the 13F filing, Bank of Nova Scotia added 255,005 shares of Intuitive Surgical during the third quarter, bringing its total position to 602,496 shares. This represents about 0.17% of the company's outstanding shares. The increased investment comes as Intuitive Surgical has been expanding the capabilities of its da Vinci surgical systems, including a recent FDA clearance to use the platform for certain cardiac procedures.
- Bank of Nova Scotia increased its Intuitive Surgical stake in the third quarter of 2026.
The players
Bank of Nova Scotia
A Canadian multinational banking and financial services company.
Intuitive Surgical, Inc.
An American company that develops, manufactures, and markets robotic-assisted surgical systems, such as the da Vinci Surgical System.
The takeaway
The increased investment by Bank of Nova Scotia in Intuitive Surgical suggests the institutional investor sees continued growth potential in the company's robotic surgical systems, particularly as the technology expands into new medical specialties like cardiac surgery.
