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MedTech Short '25: High Val MedTech
9 tickers · $32.56B total market cap
Group: MedTech Short
This short basket focuses on high multiple, low-margin, or structurally challenged medtech names that are misaligned with the Trump 2.0 healthcare regime, current capital cycle, and market valuation backdrop. These companies trade at elevated revenue multiples without corresponding earnings strength, while sector rotation, policy friction, and reimbursement pressures make it harder to justify premium valuations in Spring 2025.
MedTech Short '25: High Val MedTech tracks 9 publicly listed stocks in this theme: BFLY, DOCS, MEDP, OSCR, PRCT, TMDX, TXG, UFPT, WGS. See the constituent table for details.
Thesis update: 2025-04-14
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Medpace Holdings, Inc.MEDP | 04/22/2026 (AMC) | 04/22/2026 (AMC) | -20.07% | -23.59% | 19.94% | 6.73% | $11.99B | 11.1111 |
Oscar Health, Inc.OSCR | 05/06/2026 (AMC) | 05/06/2026 (AMC) | 6.44% | 16.33% | 44.71% | 17.49% | $6.36B | 11.1111 |
Doximity, Inc.DOCS | 05/13/2026 (AMC) | 05/13/2026 (AMC) | -16.78% | -31.91% | -15.65% | 6.94% | $3.62B | 11.1111 |
10x Genomics, Inc.TXG | 05/07/2026 (AMC) | 05/07/2026 (AMC) | 3.48% | -5.01% | 23.73% | 3.19% | $2.83B | 11.1111 |
TransMedics Group, Inc.TMDX | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -2.33% | -24.89% | -29.46% | -9.31% | $2.29B | 11.1111 |
UFP Technologies, Inc.UFPT | 05/04/2026 (BMO) | 05/04/2026 (BMO) | -0.67% | 9.46% | -19.19% | 2.25% | $1.68B | 11.1111 |
PROCEPT BioRobotics CorporationPRCT | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -18.50% | 4.39% | -4.32% | 7.78% | $1.47B | 11.1111 |
GeneDx Holdings Corp.WGS | 05/04/2026 (AMC) | 05/04/2026 (AMC) | -9.39% | -47.22% | -13.90% | 22.08% | $1.25B | 11.1111 |
Butterfly Network, Inc.BFLY | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 22.26% | 9.76% | 29.82% | -24.07% | $1.07B | 11.1111 |
| Average | -3.95% | -10.30% | 3.96% | 3.68% | $3.62B | 11.1111 | ||
| Median | -2.33% | -5.01% | -4.32% | 6.73% | $2.29B | 11.1111 | ||
| Std Dev | 13.03% | 20.99% | 24.50% | 12.94% | $3.34B | 0.0% | ||
| Min | -20.07% | -47.22% | -29.46% | -24.07% | $1.07B | 11.1111 | ||
| Max | 22.26% | 16.33% | 44.71% | 22.08% | $11.99B | 11.1111 | ||
| % Positive Tickers | 33.33% | 44.44% | 44.44% | 77.78% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.