GE Vernova’s $263.74 billion market cap and 49% 52-week gain attract Fundsmith Equity Fund’s Q2 2026 investment.
Fundsmith Equity Fund disclosed a new position in GE Vernova Inc. (NYSE:GEV) during Q2 2026, citing the company’s dominance in energy infrastructure. GE Vernova’s shares closed at $990.29 on July 31, 2026, valuing the firm at $263.74 billion.
The stock fell 14.04% over the past month but surged 49.42% in the last 52 weeks. Fundsmith highlighted GE Vernova’s proprietary technology and long-term service contracts as key competitive advantages, noting its equipment generates roughly a third of global electricity.
Future growth is tied to grid upgrades and behind-the-meter power generation for AI data centers, according to the fund’s investor letter.