Al Gore’s investment fund reportedly recently dumped Amazon.com and Microsoft stock.

Gore’s sustainability-focused investing fund, Generation Investment Management LLP, which he co-founded and currently chairs,  “exited an investment in Amazon.com Inc. (AMZN), materially reduced a position in Microsoft Corp. (MSFT), and initiated a large position in Palo Alto Networks Inc. (PANW),” Barron’s reported.

The former U.S. vice president's firm disclosed the trades, among others, in a filing with the Securities and Exchange Commission.

Generation sold 43,736 Amazon shares in the first quarter, to end March with no shares of the online-retail and cloud-computing giant, Barron’s reported, noting that shares have surged more than 30% year to date. Gore’s firm also sold 1.7 million Microsoft shares in the quarter, reducing its investment to 1.1 million shares, Barron’s said, adding that Microsoft has gained more than 15% in 2020. Generation also purchased 2.5 million shares of cybersecurity firm Palo Alto in the first quarter, Barron’s said. Palo Alto stock is about flat for the year.

Gore’s firm is trouncing the market. Generation’s largest public fund under its management, Lombard Odier Funds-Generation Global, is crushing its benchmark, the MSCI World index with a total return of 143.3% to 64.6%, respectively over the last 13 years, the financial publication added.

And while Gore was selling, other experts were buying.

Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com and Microsoft in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report.

The two American multinationals saw the largest increase in hedge fund holdings, according to an analysis by the bank of 822 funds with 1.8 trillion in gross equity positions, Reuters reported.

Along with Facebook Inc., Alphabet Inc.'s Google and China's Alibaba, they have been hedge funds' top five long positions for seven consecutive quarters, the report said.

Goldman Sachs said the focus on growth stocks, which tend to outperform the overall market, had supported recent hedge fund performance as Wall Street witnessed one of the quickest turns to a bear market amid a near-collapse in business activity.

Meanwhile, strong gains in Amazon.com, Microsoft and other so called "stay-at-home" stocks had recently help to boost the  tech-heavy S&P 500 index over 30% following a slump of almost a third between Feb. 19 and March 23, Reuters reported.

"Everything else has been so bad that tech is now seen as a safe-haven," said Dennis Dick, a trader at Bright Trading LLC. "It's like we're back in 1999, where if you had a website, you were hot. Now, if you specialize in selling online, you're hot."