Naya Capital Adds Masimo Shares

• Initiated a caller presumption valued astatine astir $203 million

• Position equals 15.3% of the fund’s 13F assets nether management

• Masimo enters Naya Capital’s portfolio arsenic 1 of lone 5 reportable holdings

• Top positions aft the filing:

  • HUM: $318.4 cardinal (24.0% of AUM)

  • UNH: $301.3 cardinal (22.7% of AUM)

  • WWD: $297.1 cardinal (22.4% of AUM)

  • FWONK: $208.2 cardinal (15.7% of AUM)

Masimo is simply a starring supplier of precocious noninvasive monitoring solutions, focusing connected technologies that amended diligent attraction and operational ratio successful healthcare settings. The institution leverages proprietary awesome extraction and automation platforms to code captious needs successful infirmary and outpatient environments.

• Develops and markets noninvasive diligent monitoring technologies, including pulse oximetry, encephalon relation monitoring, capnography, determination oximetry, hemodynamic monitoring, and infirmary automation platforms.

• Serves hospitals, exigency aesculapian services, location attraction providers, semipermanent attraction facilities, doc offices, veterinarians, and consumers.

Naya Capital Management lone has 5 disclosed positions successful its SEC 13F filing. However, these full implicit $1.3 billion.

The steadfast initiated its presumption successful Masimo successful a important way. Previously owning nary shares, it purchased astir 1.6 cardinal shares during the 4th quarter. These were valued astatine astir $203 million.

It’s Naya Capital’s fifth-largest position, according to its filing. However, it made up 15.3% of its disclosed assets.

The firm’s assurance came arsenic Masimo’s shares mislaid 2.6% implicit the past twelvemonth done Feb. 17. During this period, the S&P 500 index returned 13.7%, and the NASDAQ Composite returned 14.3%.

However, the shares jumped much than 34%, from $130.15 to $174.69 connected Feb. 17. That’s due to the fact that Danaher (NYSE: DHR) announced it would bargain the institution for $9.9 billion, oregon $180 a share, successful cash.

While Naya Capital’s timing proved fortunate, there’s not overmuch upside near for investors, but plentifulness of downside if the woody falls through. Hence, it’s champion to walk connected the shares.

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