Credicorp LTD (BAP) Holder Generation Investment Management Llp Lifted Its Stake by $40.16 Million

Generation Investment Management Llp increased its stake in Credicorp Ltd (BAP) by 22.03% based on its latest 2018Q3 regulatory filing with the SEC. Generation Investment Management Llp bought 195,886 shares as the company’s stock rose 2.76% while stock markets declined. The hedge fund held 1.08M shares of the commercial banks company at the end of 2018Q3, valued at $222.45 million, up from 889,107 at the end of the previous reported quarter. Generation Investment Management Llp who had been investing in Credicorp Ltd for a number of months, seems to be bullish on the $18.31B market cap company. The stock increased 0.23% or $0.53 during the last trading session, reaching $230.29. About 173,581 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 4.47% since January 14, 2018 and is uptrending. It has outperformed by 4.47% the S&P500.

Generation Investment Management Llp, which manages about $10.41B US Long portfolio, decreased its stake in Deere & Co (NYSE:DE) by 325,880 shares to 3.13M shares, valued at $393.37M in 2018Q3, according to the filing. It also reduced its holding in Acuity Brands Inc (NYSE:AYI) by 23,032 shares in the quarter, leaving it with 3.35M shares, and cut its stake in Ansys Inc (NASDAQ:ANSS).

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