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BlackRock boosts medical device stakes

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BlackRock Inc.

BlackRock Inc., 1 of the world’s largest hedge funds, boosted its stake in a clutch of medical device companies, with 1 exception.

The New York-based firm increased its position in St. Jude Medical (NYSE:STJ), Sirona Dental Systems (NSDQ:SIRO) and Boston Scientific (NYSE:BSX) by double-digit percentages, according to regulatory filings. With other companies, the stakes seem to be newly acquired as of the end of 2012.

BlackRock, which has more than $3.51 trillion in assets under its umbrella, raised its share in St. Jude by more than 26%, owning about 19.6 million shares. Next up was Sirona, with a share boost of 19.5%, followed by Boston Scientific, with a 13.5% increase.

Notable new positions include Becton Dickinson & Co. (NYSE:BDX), Covidien (NYSE:COV) and Edwards Lifesciences (NYSE:EW). The lone exception to the buying spree was Varian Medical (NYSE:VAR); BlackRock pared its stake there by 1.1%, to roughly 5.5 million shares.

Here’s a look at the investments, with "n/a" denoting a new position:

Company Shares Stake % change
Becton Dickinson & Co. (NYSE:BDX) 10.3 million 5.2%  n/a
Boston Scientific (NYSE:BSX) 84.0 million 6.1% 13.5%
C.R. Bard (NYSE:BCR) 4.2 million 5.2% 5.2%
Covidien (NYSE:COV) 23.7 million 5.0%  n/a
(NSDQ:DXCM) 3.6 million 5.2% 7.6%
Edwards Lifesciences (NYSE:EW) 6.5 million 5.6%  n/a
Endologix (NSDQ:ELGX) 3.1 million 5.1% 8.7%
Grifols (NSDQ:GRFS) 11.0 million 5.2%  n/a
Hospira (NYSE:HSP) 10.5 million 6.4%  n/a
Mako Surgical (NSDQ:MAKO) 2.5 million 5.4%  n/a
Orthofix (NSDQ:OFIX) 993,000 5.1%  n/a
Philips (NYSE:PHG) 48.7 million 5.1%  n/a
Sirona Dental Systems (NSDQ:SIRO) 3.3 million 6.0% 19.5%
St. Jude Medical (NYSE:STJ) 19.6 million 6.4% 26.1%
Varian Medical (NYSE:VAR) 5.5 million 5.0% -1.1%

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