Integer Holdings Corp (ITGR) Was Down 40% YOY Despite Strong Market Position and a Competitive Moat

6 days ago 13

Soumya Eswaran

Fri, March 6, 2026 astatine 9:13 AM CST 4 min read

13D Activist Fund is simply a communal money that focuses connected companies that are targeted by shareholder activists. The Fund released its Q4 2025 capitalist letter. A transcript of the missive tin be downloaded here. In Q4 2025, the I stock (DDDIX) returned 0.40%, nett of fees and expenses, versus 2.19% for the Russell 2000 Index. YTD, the Fund returned 3.06% vs. the Index’s 12.81% return. It is highly challenging for progressive funds to bushed market-weighted indexes successful a marketplace dominated by large-cap firms. However, the level of shareholder activism continues to amended contempt the challenges. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, 13D Activist Fund highlighted stocks similar Integer Holdings Corporation (NYSE:ITGR). Integer Holdings Corporation (NYSE:ITGR) is simply a aesculapian instrumentality declaration improvement and manufacturing company. On March 05, 2026, Integer Holdings Corporation (NYSE:ITGR) banal closed astatine $85.23 per share. One-month instrumentality of Integer Holdings Corporation (NYSE:ITGR) was -3.99%, and its shares mislaid 31.94% implicit the past 52 weeks. Integer Holdings Corporation (NYSE:ITGR) has a marketplace capitalization of $2.893 billion.

13D Activist Fund stated the pursuing regarding Integer Holdings Corporation (NYSE:ITGR) successful its 4th fourth 2025 capitalist letter:

"This is simply a US activistic run by Irenic Capital Management. Integer Holdings Corporation (NYSE:ITGR) is simply a aesculapian instrumentality declaration improvement and manufacturing enactment (“CDMO”). The Company acts arsenic an outsourced plan and improvement spouse for archetypal instrumentality manufacturers (“OEMs”), specified arsenic Medtronic, Boston Scientific, and J&J. When processing caller aesculapian devices, OEMs typically outsource definite components to 3rd parties, who past go liable for those parts for the full lifecycle of the product. Integer is the largest of specified companies and the lone publically traded axenic play aesculapian instrumentality CDMO. From an extremity marketplace perspective, the Company specializes successful cardiovascular and neuromodulation applications, which are mostly considered to beryllium precise precocious prime due to the fact that of their interventional, and truthful highly sticky, nature. Moreover, the stringent regulatory and FDA support requirements for these markets make precise precocious barriers to change. However, contempt this beardown marketplace presumption and competitory moat, the Company’s stock terms has struggled, down implicit 40% year- to-date.

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