5 Stocks to Buy and Hold According to Bill Gates

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

Number of Hedge Fund Holders: 36  

Waste Management, Inc. (NYSE:WM) provides waste management environmental services. It posted earnings for the third quarter in late October, reporting a revenue of $4.6 billion, up 21% compared to the revenue over the same period last year and beating estimates by $120 million. 

Latest filings show that Bill & Melinda Gates Foundation Trust is long on over 18.6 million shares in Waste Management, Inc. (NYSE:WM) worth more than $2.7 billion, representing 12.00% of the portfolio. The holding is one of the oldest of the fund, first popping up in the portfolio in filings for the third quarter of 2012.

At the end of the third quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $3.62 billion in Waste Management, Inc. (NYSE:WM), compared to 39 in the preceding quarter worth $3.60 billion.