Below are the top 5 ESG stocks Al Gore’s $25 billion hedge fund is buying. For a comprehensive list, please see Top 10 ESG Stocks Al Gore’s $25 Billion Hedge Fund Is Buying.
5. Becton, Dickinson, and Company (NYSE: BDX)
Generation Investment Management has been holding Becton, Dickinson, and Company (NYSE: BDX) shares since 2006. The health care equipment manufacturer is the fifth largest stock holding of Al Gore’s portfolio. Indeed, the sustainable investing themed hedge fund has raised its stake in Becton, Dickinson, and Company by 38% in the latest quarter.
Shares of Becton, Dickinson, and Company grew close to 200% in the last decade. Moreover, the company has raised dividends in the past 48 successive years. Its dividend yield currently stands around 1.32%.
Becton, Dickinson, and Company were in 62 hedge funds’ portfolios at the end of the September quarter compared to the previous all-time high of 56. Here’s what Brown Advisory stated about Becton, Dickinson, and Company in a shareholders letter:
“Medical products supplier Becton, Dickinson & Co. issued a mandatory convertible preferred security during the quarter. We acquired a small position after finding the features of the newly issued security attractive, particularly the 6% annual coupon.”