As part of our change in focus we've stopped reporting on Mr. Gore's Generation Investment Management.
Last year we posted "Al Gore's Generation Investment Management's Portfolio Ain't So Green: It's Deliberate":
Every time GIM files their 13F quarterly report with the SEC I trot out some boilerplate:As of GIM's last SEC filing, August 8, 2011 for the quarter ended June 30, GIM held 959,075 First Solar shares.
Two comments I've made in the past but have to repeat:The intro to the Nov. 2009 filing was a bit more flippant:
1) These are only the publicly traded U.S. stocks in their portfolio. Private deals, foreign stocks, cash etc. don't show up.
GIM is reputed to be running $5 Billion, these securities only total $2.36 Bil.
2) This is not a very "green" portfolio.
Al's got wood!Here's the inside scoop, from NewNet:
As we've commented before this is not a particularly green portfolio.
These are only the publicly traded U.S. names. Other investments (GIM is a large holder of carbon trader Camco, CAO.L, for instance) they aren't required to report, so they don't.
NewNet Investor Profile: Colin le Duc, Generation Investment Management...
The stock closed at $99.88 that day.
The prior 13F, filed May 18 when the stock closed at $129.24 showed 632,674 shares in the portfolio.
Generation Investment Management was making the rookie mistake of averaging down on a busted high flyer.