Lonnie M. Smith

ISRG

DIRECTOR · INTUITIVE SURGICAL INC · CIK 0001238937

FILING MIX · LIFETIME21%/79%

BUYS

SELLS

TOTAL VALUE

$21.76M

COMPANIES

ACTIVE SINCE

Jan 2020

HOLDINGS NOW

AVG SELL PX

$600.58

Trades · vs SPY

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Performance · forward returns vs SPY

5 backtested trades · 8 horizonsHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by Lonnie M. Smith, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	5	+0.00%	+2.58%	-0.45%	+3.04%	+3.02%	—
14d	5	+100.00%	-9.44%	-11.13%	+1.69%	+2.07%	—
30d	5	+100.00%	-25.93%	-23.66%	-2.27%	-1.45%	—
60d	5	+100.00%	-16.70%	-16.84%	+0.14%	+0.11%	—
90d	5	+100.00%	-14.16%	-15.33%	+1.17%	+0.82%	—
180d	5	+0.00%	+13.30%	+0.39%	+12.91%	+12.68%	—
1y	5	+0.00%	+34.33%	+18.45%	+15.88%	+15.89%	—
2y	5	+0.00%	+41.17%	+34.60%	+6.57%	+6.60%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

ISRG · 0 shares · as of Apr 23, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 3 buys / 11 sellsCOVERAGE · 2 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
ISRG INTUITIVE SURGICAL INC	PURCHASE	355	—	—	277,069	Apr 23, 2020	Apr 27, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	355	—	—	0	Apr 23, 2020	Apr 27, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	12,537	$600.72	$7.53M	298,523	Feb 14, 2020	Feb 18, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALEGRANT Gift	4,700	—	—	276,714	Feb 14, 2020	Feb 18, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	15,663	$600.72	$9.41M	281,414	Feb 14, 2020	Feb 18, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	4,337	$600.30	$2.60M	298,377	Feb 13, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	3,463	$600.30	$2.08M	311,060	Feb 13, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALEGRANT Gift	1,300	—	—	297,077	Feb 13, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALE	227	$592.78	$134.6K	314,523	Feb 12, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	PURCHASEGRANT Gift	13,012	—	—	291,964	Jan 28, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALEGRANT Gift	13,012	—	—	334,679	Jan 28, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	PURCHASEGRANT Gift	10,750	—	—	302,714	Jan 28, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALEGRANT Gift	9,179	—	—	314,750	Jan 28, 2020	Feb 14, 2020 ↗	View →
ISRG INTUITIVE SURGICAL INC	SALEGRANT Gift	10,750	—	—	323,929	Jan 28, 2020	Feb 14, 2020 ↗	View →

Other insiders · ISRG

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About this filer

CIK 0001238937

ROLE

Director

PRIMARY

ISRG

COMPANIES

ACTIVE SINCE

Jan 2020

MARKETPEEL · /INSIDER/0001238937DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Lonnie M. Smith

The morning brief, before the bell.