Coatue Management Lowers Stake in Intuitive Surgical

Hedge fund reduces holdings in medical equipment provider by 3.7%

Mar. 15, 2026 at 10:37am

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Coatue Management LLC, an institutional investor, lowered its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.7% during the 3rd quarter, according to a recent SEC filing. The hedge fund now owns approximately 710,649 shares of the medical equipment provider's stock, valued at $317,824,000.

Why it matters

Intuitive Surgical is a leading provider of robotic-assisted surgical systems, with its flagship da Vinci platform used in a variety of minimally invasive procedures. Changes in institutional ownership can signal shifts in investor sentiment and future performance expectations for the company.

The details

According to the 13F filing, Coatue Management sold 26,930 shares of Intuitive Surgical stock during the third quarter. The hedge fund now owns around 0.20% of the company's outstanding shares. Other institutional investors have also made changes to their Intuitive Surgical positions, with some increasing their stakes and others, like Coatue, reducing exposure.

  • Coatue Management lowered its Intuitive Surgical holdings during the 3rd quarter of 2026.

The players

Coatue Management LLC

An American hedge fund management firm that invests in technology, media, and telecommunications companies.

Intuitive Surgical, Inc.

A medical technology company that develops and manufactures robotic-assisted surgical systems, including the da Vinci surgical platform.

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The takeaway

The reduction in Coatue Management's Intuitive Surgical stake could signal a shift in investor sentiment towards the medical technology company, though the overall outlook remains positive with the majority of analysts maintaining buy ratings on the stock.