Generation Investment Management, chaired by former Vice President Al Gore, recently made big changes in its portfolio, reshuffling its holdings in the semiconductor business as its money managers cited mounting risks to Taiwan.
In the fourth quarter, Generation sold
Group Holding stock (ticker: BABA), and exited stakes in Taiwan Semiconductor Manufacturing (TSM) and
(SHOP), but more than quintupled its investment in the chip maker
(TXN). The firm, which is based in London, disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.
Generation, which was co-founded by the former vice president, declined to comment on the investment changes. As of the end of 2022, it managed assets of $40.4 billion.