What smart money is saying about GE Vernova
GEV · Industrials · Industrial - Machinery · Market cap $301.03B
9 funds in our archive have pitched GE Vernova, most recently Mar Vista U.S. Quality Premier in September 2026.
Company profile
GE Vernova Inc. is an energy enterprise primarily engaged in generating electricity. Its business activities are categorized into three main divisions: Power, Wind, and Electrification. The Power segment is responsible for producing and distributing electricity from various sources, including hydroelectric, natural gas, nuclear, and steam power. The Wind division concentrates on the fabrication and sale of wind turbine blades. Meanwhile, the Electrification segment offers an array of services such as grid infrastructure solutions, power conversion technologies, and both solar and energy storage systems. The company was established in 2023 and has its headquarters situated in Cambridge, Massachusetts.
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Fund signal · last 12 months
26 lettersFunds are split between buying and selling
+3
Net flow
7 buys · 6 new positions · 64%4 sells · 1 full exit
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 28 fund letters reported a position in GE Vernova, with 8 buys (opened or added) and 5 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 1 | 1 | 2 |
| Q2 2026 | 14 | 4 | 3 | 4 |
| Q1 2026 | 6 | 1 | 0 | 2 |
| Q4 2025 | 1 | 1 | 0 | 0 |
| Q3 2025 | 2 | 1 | 1 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 28 positions · 17 moves
- September 2026
“GE Vernova (GEV) shares came under pressure during the quarter as broader concerns around AI and data center spending weighed on sentiment across AI-related names.”
GE Vernova - September 2026
“However, following the stock’s pullback, we reduced the position as valuation remained less compelling relative to other opportunities in the portfolio.”
GE Vernova - September 2026
“GE Vernova provides power generation, wind and electrification technologies. Recent results were solid, with strength in power and electrification supporting robust order growth and backlog expansion. Management also increased gas power manufacturing capacity to meet demand extending into the next decade. We continue to see potential for margin improvement as higher-margin backlog converts to revenue. However, following the stock’s pullback, we reduced the position as valuation remained less compelling relative to other opportunities in the portfolio.”
GE Vernova - September 2026
“• GE Vernova is a global energy company that makes and services the equipment used to generate, transmit, and manage electricity, including gas and wind turbines and technology for the power grid. We believe the company is well positioned to benefit from rising electricity demand, an aging grid in need of upgrades, and the buildout of AI data centers. Shares detracted from performance during the quarter even as the company reported strong orders and raised its revenue and cash flow outlook.”
GE Vernova - New positionLiontrust GF Global Dividend FundSeptember 2026
“GE Vernova returned as valuations fell back to attractive levels;”
GE Vernova - New positionFundsmith Equity FundJune 2026
“We began accumulating stakes in AppLovin, GE Vernova, Legrand, Mastercard, Netflix, Nextpower, Sage, The TJX Companies, TSMC, Uber, Veeva Systems, and Yum! Brands.”
GE Vernova - June 2026
“During the quarter, we initiated new investments in ASML Holding (ASML) and we exited our position in Intuit (INTU). During the quarter-end rebalance of the Quality Premier strategy, we also exited Ametek (AME), added to our holdings in Broadcom (AVGO) and GE Vernova (GEV), and trimmed Alphabet (GOOG), Amazon (AMZN), Danaher (DHR), and Unilever (UL).”
GE Vernova - June 2026
Listed in Artisan Partners Global Opportunities Fund’s reported holdings.
GE Vernova - TrimmedGabelli Funds Open-End FundsJune 2026
“Our largest position decreases in the quarter were GE Vernova Inc. (4.4%) and GE Aerospace (3.0%).”
GE Vernova - June 2026
“Our largest position decreases in the quarter were GE Vernova Inc. (4.4%) and GE Aerospace (3.0%).”
GE Vernova - June 2026
“Then there is power, where the scarcest input in the AI economy is no longer the chip but the electron. Bloom Energy (+122%), added this year after a research trip to Silicon Valley, delivered a vindicating print: product revenue up 208% year on year, full year guidance raised from 60% to 80% growth, adjusted operating margin up 1,330 basis points, and its first positive first quarter operating cash flow as a public company. Validation came with Oracle’s Project Jupiter, a campus of up to 2.45GW, roughly the power draw of a small US state, to run entirely on Bloom fuel cells: no grid connection, no turbines, no diesel. More than half of Bloom’s data centre backlog now comes from customers beyond Oracle. The same scarcity runs through the power complex: GE Vernova booked $18.3 billion of first quarter orders, up 71% organically, taking backlog to $163 billion, while Caterpillar, a new holding this year, beat consensus on both revenue ($17.4 billion versus $16.78 billion) and earnings ($5.54 versus $4.65). Here too we sold into the rally, reducing Bloom Energy by a third, GE Vernova by more than half and Caterpillar by almost half.”
GE Vernova - New positionParnassus Investments Core Equity FundJune 2026
“GE Vernova, another new position, had previously sold off significantly and reached a valuation that we found compelling.”
GE Vernova - June 2026
“Here too we sold into the rally, reducing Bloom Energy by a third, GE Vernova by more than half and Caterpillar by almost half.”
GE Vernova - June 2026
“Trading activity The hardest decision in investing is selling a winner while it is still winning. We made it eight times this quarter: alongside SK Hynix, Applied Materials and Ciena, we sold GE Vernova, Keyence, Lasertec, Oracle and Constellation Energy, positions whose share prices, in our view, now fully reflect the theses that earned them their place.”
GE Vernova - June 2026
“The hardest decision in investing is selling a winner while it is still winning. We made it eight times this quarter: alongside SK Hynix, Applied Materials and Ciena, we sold GE Vernova, Keyence, Lasertec, Oracle and Constellation Energy, positions whose share prices, in our view, now fully reflect the theses that earned them their place.”
GE Vernova - June 2026
“• Key contributors to performance for the quarter were TSMC (Connectivity), GE Vernova (Climate) and Nvidia (High Performance Computing).”
GE Vernova - June 2026
“GE Vernova (GEV): GE Vernova is a global leader in the energy transition, providing the essential infrastructure needed to modernize the power grid and expand renewable capacity.”
GE Vernova - June 2026
“GE Vernova (Clean Energy) was again a top contributor to performance, driven by demand for gas turbines, which come with a long tail of service revenues at high margins.”
GE Vernova - New positionPolen Capital Global GrowthJune 2026
“Portfolio Activity In Q2 2026, we initiated new positions in GE Aerospace, GE Vernova, Howmet Aerospace, Hermès International, Keyence, and Rheinmetall while selling our holdings in Boston Scientific, Siemens Healthineers, and Zoetis. During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom. The net goal of this activity was to redeploy capital away from businesses where we feel growth has either slowed or may become more difficult to sustain in the near term, and into businesses where we see strong competitive advantages, attractive long-term growth prospects, and stronger current business momentum. We initiated a new position in GE Aerospace, which we view as one of the highest-quality industrial businesses in the world. Following the separation of the former GE conglomerate, investors can now own a standalone company focused almost entirely on commercial aircraft engines and related services. GE commands a dominant position in commercial jet engines, supported by a large installed base that generates a highly recurring, high-margin aftermarket services business. We believe the demand environment has improved materially as airlines extend the lives of existing fleets amid ongoing aircraft shortages, while long-term growth in global air travel should continue to support demand for both new engines and aftermarket services. Combined with GE Aerospace's strong competitive position and increasing mix of services revenue, we believe the company is well positioned to deliver durable growth and expanding profitability over many years. We initiated a new position in GE Vernova, one of the few global companies capable of supplying the power generation equipment needed to meet rising electricity demand.”
GE Vernova - New positionMar Vista U.S. Quality Premier PortfolioMarch 2026
“During the quarter, we initiated new investments in Ecolab (ECL), GE Vernova (GEV) and QXO Inc (QXO).”
GE Vernova - March 2026
“Up 37% this year, GE Vernova continues to be a top performing stock.”
GE Vernova - March 2026
“Part of our AI 'picks and shovels' theme, GE Vernova's share price surged higher as orders for its gas-fired power turbines from AI hyperscalers continued to pour in.”
GE Vernova - March 2026
“Western Digital Corporation, Nebius Group and GE Vernova Inc. were among the top contributors to performance.”
GE Vernova - HoldsAlger Spectra FundMarch 2026
“PORTFOLIO UPDATE Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2026. GE Vernova Inc., Nebius Group, and Western Digital Corporation were among the top contributors to performance.”
GE Vernova - March 2026
“Positives Beneficiaries of the huge wave of capital investment in AI data centres performed well and contributed to the fund’s returns over the quarter. For GE Vernova, a manufacturer of power generation equipment, demand (particularly from data centres) continued to outstrip supply.”
GE Vernova - New positionPlatinium Asset ManagementDecember 2025
“December quarter portfolio changes We initiated a 4% position in Siemens Energy and 3% in GE Vernova.”
GE Vernova - New positionRiverPark Next Century Large Growth FundSeptember 2025
“3Q Portfolio Activity • In technology, we are inline and we maintain significant exposure to the sector as growth fundamentals remain strong in many of the large index positions as well as in many other areas. • In consumer, we are underweight and continue to focus on companies we believe have long-term secular growth opportunities in online and offline retail, online streaming content, EVs, among others. • Overweight in industrials driven by companies with what we believe have secular growth drivers in areas such as aerospace, power generation and AI infrastructure buildout, among others. • The portfolio is overweight the financial sector. • The portfolio is underweight the health care sector. • We added 5 new positions in Q3: o two in technology: MongoDB, Oracle Corp o one each in health care (Insmed), industrials (GE Vernova), financials (Robinhood Markets)”
GE Vernova - September 2025
“GE Vernova Inc. (GEV; Industrials) MSCI ESG Overall Score: A GE Vernova, headquartered in Boston, MA, is a pure play power generation company. GEV is the world’s leading maker of high-efficiency gas power turbines as well as the second-largest developer of onshore wind turbines. Its products include gas power, wind turbines, hydroelectric, electric grid mission-critical components, and electron flow optimization software to manage fluctuations in electricity across an electrical grid. After it was spun from General Electric (GE) in April 2024, GEV has restructured its onshore and offshore wind turbine businesses by consolidating designs and improving quality. Additionally, the company embarked on a project selectivity initiative across the enterprise which is improving project returns and not chasing volume. These initiatives have been well-received by investors for GEV’s stock has appreciated more than 350% since the spin from GE. The stock has appreciated to the point where it met none of the five valuation factors prompting us to eliminate the position automatically in accordance with our investment process.”
GE Vernova
Also mentioned · 3
These funds discuss GE Vernova as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedLiontrust Global Innovation FundSeptember 2026
Named in a table in Liontrust Global Innovation Fund’s letter.
GE Vernova - MentionedO'Keefe Stevens NVIDIA StrategyJuly 2026
“The broader power-to-rack ecosystem now also includes GE Vernova, which is using digital twins aligned with the Omniverse DSX Blueprint to model grid behavior, substations, and AI factory loads before deployment.”
GE Vernova - MentionedMassif Capital Real Assets StrategyJune 2026
“The capital cycle here is textbook, and it is the reason the case is investable rather than merely alarming. Underinvestment produced shortage; shortage produced a 60-to-90 percent price move and multi-year lead times; the price signal is now producing announced capacity, roughly 1.8 billion dollars of it, and the GE Vernova acquisition of Prolec GE in February 2026.”
GE Vernova
Fund coverage · 9 theses
- Mar Vista U.S. Quality PremierSeptember 2026
GE Vernova has strong backlog growth, sold-out capacity, and pricing power that support margin expansion despite sentiment-driven weakness.
Read the full thesis - Artisan Partners Global Opportunities FundSeptember 2026
GE Vernova offers power and electrification exposure with order growth, backlog expansion and margin upside.
Read the full thesis - Fundsmith Equity FundJune 2026
GE Vernova builds and services gas turbines and grid equipment, benefiting from high switching costs, a large backlog, and exposure to grid upgrades, AI data centers, and SMRs.
Read the full thesis GE Vernova is a leading gas turbine and grid equipment provider with durable positioning and attractive growth from AI-related power infrastructure.
Read the full thesis- Andrew Hill AHIA Portfolio StrategyJune 2026
GE Vernova is benefiting from energy-transition infrastructure demand, strong order growth, and management focus on margin improvement.
Read the full thesis - Munro Climate Change Leaders FundJune 2026
GE Vernova is an energy equipment company benefiting from gas turbine demand, high-margin service revenues, and grid electrification share gains.
Read the full thesis - Mar Vista U.S. QualityMarch 2026
GE Vernova is a scaled power and electrification leader with a large installed base, high-margin services, and structural demand from data center power and grid modernization.
Read the full thesis - Andrew Hill Investment AdvisorsMarch 2026
GE Vernova supplies critical power equipment with a multi-year backlog driven by rising electricity demand and is supported by strong management.
Read the full thesis - Artisan Global Opportunities StrategyMarch 2025
Vernova is a promising spinoff of the former GE conglomerate, benefiting from strong market positions, high entry barriers, and a favorable demand environment, particularly in its natural gas business amid rising AI data center growth and decarbonization efforts.
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