7 Stocks This Legendary Investor Recently Bought
Jeremy Grantham is one of those legendary investors who has crossed the Rubicon and is now almost as well known for his support of research into climate change as he is for running his asset management firm Grantham, Mayo, & van Otterloo. The British investor is always highly vocal on big-picture issues like the environment and asset class valuations, so I thought it would be interesting to see what stocks his firm has been buying in an uncertain economic environment.
Image source: Getty Images.
Before diving into the stocks, it's worth noting that the size of the fund is in the ballpark of $14 billion, so even the largest position by value, 3M (NYSE: MMM) at $290 million, only constitutes around 2% of the total portfolio. Meanwhile, one of the smaller holdings in the portfolio, Federal Signal (NYSE: FSS), is arguably more significant as Grantham's position constitutes around 1% of the market cap of the stock, compared with just 0.3% of 3M's.
Source Fool.com
