Top 5 ESG Stocks Al Gore’s $25 Billion Hedge Fund Is Buying

2. The Charles Schwab Corporation (NYSE: SCHW)

The asset management and brokerage giant The Charles Schwab Corporation (NYSE: SCHW) is the second-largest stock holding of Generation Management. The hedge fund has raised its stake by 12% in Charles Schwab during the third quarter this year, increasing the total invested value to over $1 billion.

The firm first initiated a stake in Charles Schwab in 2016. Shares of Charles Schwab soared 62% in the last five years. It also offers a healthy dividend yield of 1.4%.

Several other hedge fund managers are also bullish on Charles Schwab. Cedar Creek Partners, which returned 5.4% in the third quarter, is among the bulls. Here’s what Cedar Creek Partners said:

“We added three new positions – Charles Schwab (SCHW) and two smaller positions we are not revealing as we are still looking to buy more. The Schwab thesis is rather simple. They are a first-class company that is always innovating and we believe they should be able to gain significant synergies with the TD Ameritrade acquisition over the coming years.”