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Generation Investment Management Boosts Stake in Linear Technology Corporation (LLTC) to 5%

In a recent 13G filing, David Blood and Al Gore’s Generation Investment Management disclosed holding 12.35 million shares of Linear Technology Corporation (NASDAQ:LLTC), accounting for 5.15% of the company’s outstanding common stock. Subsequently, this is an increase of nearly 2.78 million shares from the fund’s previous stake revealed in the 13F filing for the April-June quarter.

David Blood

Generation Investment Management (GIM) is a London-based investment management firm established by David Blood and Al Gore in 2004, whose investment style resembles the one of a traditional equity research firm, but puts a stronger emphasis on sustainability factors such as social and environmental responsibility and corporate governance. GIM reckons that sustainability and opportunities directly affect the long-term business profitability and prospects of companies, which is the reason why the firm tends to invest only in those companies that are socially and environmentally responsible. As stated by the firm’s most recent 13F filing with the SEC, GIM oversees an equity portfolio worth $7.46 billion as of the end of June.

David Blood And Al Gore
David Blood And Al Gore
Generation Investment Management

Let’s first take a step back and analyze how tracking hedge funds can help an everyday investor. Through our research, we discovered that, between 1999 and 2012, a portfolio of the 15 most popular small-cap picks of hedge funds beat the S&P 500 Total Return Index by nearly a percentage point per month on average. On the other hand, their most popular large-cap picks underperformed the same index by seven basis points per month. This is likely a surprise to many investors, who think of small-caps as risky, unpredictable stocks and put more faith (and money) in large-caps. In forward tests since August 2012 these top small-cap stocks beat the market by an impressive 60 percentage points, returning over 118% (read more details here).

Linear Technology Corporation (NASDAQ:LLTC) is a technology company that designs, manufactures, and markets a line of analog integrated circuits worldwide. It had a rough summer, as its stock lost 15% in the last three months and have dropped by 13% year-to-date, which outlines the company’s poor performance. Reportedly, the worsening global macroeconomic conditions have impacted the stock’s performance over the last few months. Aside from GIM, First Eagle Investment Management and Jim Simons’ Renaissance Technologies are among the largest shareholders of the technology company within our database, holding stakes of 12.18 million shares and 8.09 million shares, respectively.

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