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

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1. Cognizant Technology Solutions Corporation (NASDAQ: CTSH)

The professional services company Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is the largest stock holding of Generation Management stock portfolio. The hedge fund currently holds 16 million shares of Cognizant Technology valued at $1.1 billion. The firm first initiated a stake in Cognizant in 2019.

The shares of Cognizant Technology appreciated 30% in the last twelve months amid robust digital revenue growth trends. Its digital revenue grew 42% year over year in the September quarter this year.

Diamond Hill Capital has highlighted few stocks in the shareholders’ letter and Cognizant Technology Solutions is among them. Here’s what Diamond Hill Capital stated:  

“Cognizant Technology Solutions Corp. (Cl A) is an information technology services company that has encountered challenges in its financial services and healthcare industry verticals, which combined represent over 60% of revenue. We are supportive of steps the company is taking to reaccelerate revenue growth after a period of overemphasizing operating margin expansion.” 

Please also see: 10 Best Tech Stocks To Invest In Right Now and 10 Best Climate Change Stocks to Buy Now

Disclosure: None.

                                                   

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