Climate advocacy and environmentally responsible corporate practices are already making their way to Wall Street. Engine No. 1, a climate activist hedge fund run by Chris James in California, has nearly doubled its assets under management from $272 million in the first quarter of 2021 to roughly $363 million at the end of June. Engine No. 1 made headlines in May and June of this year when it was announced that it had won three board seats at Exxon Mobil Corporation. Sources told The Wall Street Journal that the hedge fund was contemplating a similar coup at Chevron Corporation.
Here is Insider Monkey’s list of the 10 energy stocks climate activist hedge fund Engine No. 1 is buying. The Southern Corporation is a power generation and distribution company established in Georgia. On the list of ten energy equities that climate activist hedge fund Engine No. 1 is buying, it ranks tenth. At the end of June 2021, the hedge fund had 3,379 shares in the firm valued at $204,000. CSX Corporation is rated ninth. The corporation is based in Florida and works as a diversified industrial enterprise with interests in the energy generation market. Duke Energy Corporation is rated eighth. At the conclusion of the second quarter of 2021, the hedge fund owned 2,452 shares worth $242,000 in the firm. The company is based in Texas and works as an oil and gas developer. Engine No. 1, an activist hedge fund, owned 4,310 shares in the company valued at $262,000 at the end of June 2021, accounting for 0.07 percent of the portfolio. General Electric Company is rated sixth. According to the most recent statistics, engine no. 1 owned 28,054 shares in the company worth $378,000 at the end of the second quarter of 2021. For more details, click 10 Energy Stocks Climate Activist Hedge Fund Engine No.1 Is Buying.
