Bill Gates Portfolio: 5 Stocks to Buy and Hold for Over 5 Years

1. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 55      

United Parcel Service, Inc. (NYSE:UPS) provides letter and package delivery services. Securities filings show that Bill & Melinda Gates Foundation Trust owned over 2.2 million shares in the firm at the end of the fourth quarter of 2021 worth $489 million, representing 2.13% of the portfolio. 

United Parcel Service, Inc. (NYSE:UPS) has been in the portfolio of the Gates fund since the fourth quarter of 2014. The fund first purchased a stake in the firm consisting of over 4.5 million shares at an average price of $105.52 per share. This holding remained constant till early 2021 when the fund started dumping the stock. The fund has decreased its stake in the firm in two of the last four quarters. 

Among the hedge funds being tracked by Insider Monkey, New York-based Renaissance Technologies is a leading shareholder in United Parcel Service, Inc. (NYSE:UPS) with 1.1 million shares worth more than $249 million.

In its Q4 2021 investor letter, Saturna Capital, an asset management firm, highlighted a few stocks and United Parcel Service, Inc. (NYSE:UPS) was one of them. Here is what the fund said:

“Given the likelihood of rising inflation and interest rates ahead, we anticipate adjustments to the portfolio to reduce exposure to highly valued stocks dependent on low interest rates to support terminal year valuations, while seeking investments in companies more correlated with a return to economic normalcy. Despite the share price decline, it remains expensive with modest growth. We sold our position in United Parcel. The United Parcel Service, Inc. (NYSE:UPS) sale was premature, and we may re-engage given an opportunity.”

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