David Blood, Al Gore’s Generation Ups Stake in Waters Corporation (WAT)

David Blood and Al Gore’s fund Generation Investment Management has recently disclosed boosting its holding in Waters Corporation (NYSE:WAT). According to a recent SEC filing, Generation currently holds almost 5.0 million shares of the company, equal to 5.3% of the company’s common stock. In its latest 13F, the fund revealed owning some 3.6 million shares. The value of the stake amounts to $434.3 million, at the current share price of Waters Corporation.

Waters Corporation (NYSE:WAT) designs, manufactures and sells analytical instruments like high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC) and mass spectrometry (MS) technology systems besides thermal analysis, rheometry and calorimetry instruments.The company also supplies consumable products and post-warranty service plans. Waters operates through two divisions; Waters Division handles HPLC and UPLC sales, service and related consumables sales while TA division handles the other products. Waters Corp reported revenues of $1.84 billion for the 2012 fiscal.

Recently, John Ornell, Vice President, Finance and Administration and Chief Financial Officer of Waters Corporation (NYSE:WAT) has announced plans to resign from his post and continue working in the company on a part-time basis, with effect from February 1, 2014. Eugene G. Cassis, the current Corporate Vice President of Worldwide Business Development and Investor Relations will act as interim CFO, the company said in a statement.

David Blood and Al Gore’s fund held the largest stake among the funds we track, and with the recent increase, it solidified it exposure to the company. Cantillon Capital Management managed by William Von Mueffling comes in the second position with 1.06 million shares valued at $0.11 million followed by Andreas Halvorsen managed Viking Global with 9.74 million shares valued at $0.10 million

General Investment Management targets liberals and left-leaning investors who are concerned with environment, ethics, etc. and invests in companies with good governance practices and are environmentally and socially responsible.

Disclosure: none

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