5 Best Stocks to Buy Now According to Billionaire Bill Gates

2. Waste Management, Inc. (NYSE:WM)

Bill & Melinda Gates Foundation Trust’s Stake Value: $2,850 million

Percentage of Bill & Melinda Gates Foundation Trust’s Portfolio: 16.12%

Number of Hedge Fund Holders: 37

Waste Management, Inc. (NYSE:WM) operates in North America and provides comprehensive waste management. It also gives access to services like disposal, garbage collection, recycling, and dumpster rental.

Diamond Hill Capital mentioned Waste Management, Inc. (NYSE:WM) in its Q1 2022 investor letter. Here is what the firm has to say:

“We also initiated a position in Waste Management (NYSE:WM), one of the largest providers of waste collection services in the US. We believe it is a high-quality business with ownership of key landfill assets that provide pricing power over the long term. Its stock was trading at a discount to our estimate of intrinsic value due to short-term market concerns over an increase in growth investments—we expect these investments to be value-creating over the long term.”

Waste Management, Inc. (NYSE:WM) constitutes 16.12% of the total holding of Bill & Melinda Gates Foundation Trust’s Portfolio and was held by 37 hedge fund holders in our database at the end of Q2 2022.