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Holly LaFon
Holly LaFon
Articles (9583)  | Author's Website |

Al Gore Buys Alphabet, 3 More Stocks in 4th Quarter

Former vice president's firm has outsized weighting in tech

Generational Investment Management, which former Vice President Al Gore (Trades, Portfolio) co-founded, selected four stocks to add to its portfolio in the fourth quarter, filings showed this week.

Purchasing only tech stocks, the London-based firm boosted its exposure to the tech sector to 37.72% of its public equity portfolio from 28.2% in the prior quarter. The additions made were Alphabet Inc. (NASDAQ:GOOG), TE Connectivity Ltd. (NYSE:TEL), NVIDIA Corp. (NASDAQ:NVDA) and DocuSign Inc. (NASDAQ:DOCU).

Gore’s portfolio listed 33 stocks at the end of 2018, with a value of $11.92 billion. The most recently listed assets under management the firm reports is $18.5 billion as of Dec. 31, 2017.

Gore formed the company with former Goldman Sachs Asset Management head David Blood in 2004. In addition to competitive positioning and other fundamental business factors, it invests in sustainable and socially conscious companies.

Its largest holding is Analog Devices Inc. (NASDAQ:ADI), a semiconductor company, at 7.69% of the portfolio. Two medical supplies makers, The Cooper Companies (NYSE:COO) and Dentsply Sirona (NASDAQ:XRAY), rank in the second and third spots. In the fourth quarter, the fund also sold out of Matercard Inc. (NYSE:MA) and Nike Inc. (NYSE:NKE).

New buys

Alphabet Inc. (NASDAQ:GOOG)

Generation Investment Management purchased 451,701 shares of the company, giving it 3.92% portfolio weight. The stock’s fourth-quarter share price averaged $1,066.

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Alphabet Inc. has a market cap of $774.45 billion; its shares were traded around $1,110.37 Friday with a price-earnings ratio of 25.6 and price-sales ratio of 5.94. Alphabet Inc. had an annual average earnings growth of 15.1% over the past 10 years. GuruFocus rated Alphabet Inc. the business predictability rank of 3.5-star.

TE Connectivity Ltd. (NYSE:TEL)

The firm purchased 4,540,414 shares of TE Connectivity, giving it 2.88% portfolio weight. The stock’s fourth-quarter share price averaged $77.

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TE Connectivity Ltd. has a market cap of $28.24 billion; its shares were traded around $83.35 with a price-earnings ratio of 10.18 and price-sales ratio of 2.10. The trailing 12-month dividend yield of TE Connectivity Ltd. is 2.11%. The forward dividend yield of TE Connectivity Ltd. is 2.13%. TE Connectivity Ltd. had an annual average earnings growth of 9.80% over the past five years.

NVIDIA Corp. (NASDAQ:NVDA)

The firm purchased 172,114 shares of NVIDIA Corp., giving it 1.44% portfolio weight. The stock’s fourth-quarter share price averaged $188.

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NVIDIA Corp. has a market cap of $97.11 billion; its shares were traded around $159.19 Friday with a price-earnings ratio of 23.99 and price-sales ratio of 8.03. The trailing 12-month dividend yield of NVIDIA Corp. is 0.38%. The forward dividend yield of NVIDIA Corp. is 0.41%. NVIDIA Corp. had an annual average earnings growth of 24.60% over the past 10 years.

DocuSign Inc. (NASDAQ:DOCU)

The firm purchased 17,168 shares of DocuSign, giving it 688 0.01% portfolio weight. The stock’s fourth-quarter share price averaged $42.

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DocuSign Inc. has a market cap of $8.92 billion; its shares were traded around $53.99 with a price-sales ratio of 7.27.

See Al Gore's portfolio here

Read more here: 

Dr. Michael Burry of 'Big Short' Reveals Stakes in Google, Facebook

George Soros' Top 5 Stock Buys of the 4th Quarter

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


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