Al Gore’s Generation Investment Portfolio: Top 5 Stock Picks

4. Jones Lang LaSalle Incorporated (NYSE:JLL)

Number of Hedge Fund Holders: 30

Jones Lang LaSalle Incorporated (NYSE:JLL) is a real estate services company that also offers investment management services worldwide. Since the start of 2021, the stock is up 74.9%, as of the close of December 18.

As per Insider Monkey’s Q3 data, 30 hedge funds tracked by Insider Monkey reported owning stakes in Jones Lang LaSalle Incorporated (NYSE:JLL), compared with 31 in the previous quarter. These stakes hold a consolidated value of $2.1 billion, up significantly from $1.5 billion in Q2.

In Q3, Jones Lang LaSalle Incorporated (NYSE:JLL) reported revenue of $4.9 billion and fee revenue of $2.1 billion, presenting a 22% and 45% year-over-year growth, respectively. Generation Investment Management holds shares worth $1.15 billion in Jones Lang LaSalle Incorporated (NYSE:JLL) in Q3, which represented 4.79% of Al Gore’s portfolio. This November, Raymond James lifted its price target on Jones Lang LaSalle Incorporated (NYSE:JLL) to $302, while maintaining an Outperform rating on the shares.

Ariel Investments mentioned Jones Lang LaSalle Incorporated (NYSE:JLL) in its Q3 2021 investor letter. Here is what the firm has to say:

“In addition, real estate expert Jones Lang LaSalle (JLL) was another strong performer over the trailing one-year period. Despite pandemic related headwinds for commercial real estate transaction activity, the company continued to prudently manage expenditures to preserve cash. JLL’s diverse business model and annuity-like nontransaction revenue mix, such as corporate outsourcing, helped offset weakness in the cyclical leasing and capital market businesses until vaccination rates rose. Then, this summer, JLL reported a broad recovery across the firm’s transaction-based businesses. Strong capital market and leasing activity drove management to meaningfully raise the company’s EBITDA margin outlook. Meanwhile, JLL continues to return excess capital through share repurchases. At current levels, we remain optimistic about JLL’s value proposition for key stakeholders.”