Bill Gates’ Current Portfolio: Top 5 Dividend Stocks

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

Bill Gates’ Stake Value: $5,527,563,887
Dividend Yield as of February 22: 1.84%

Waste Management, Inc. (NYSE:WM) is a Texas-based company that offers environmental services to its consumers. At the end of Q4 2022, The Gates Foundation owned over $5.5 billion worth of stakes in the company, which made up 15.47% of the firm’s portfolio.

Waste Management, Inc. (NYSE:WM) is another top dividend stock in Bill Gates’ portfolio as the company has grown its dividends for 16 years in a row. The company offers a quarterly dividend of $0.70 per share and has a dividend yield of 1.84%, as of February 22.

As per Insider Monkey’s Q4 2022 database, 44 hedge funds owned investments in Waste Management, Inc. (NYSE:WM), up from 41 in the previous quarter. These investments are worth over $6.3 billion collectively. With over 2 million shares, Impax Asset Management was one of the company’s largest stakeholders in Q4.

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.”