In this piece, we will take a look at the August updates of Bill Gates’ stock portfolio and the top five stocks. If you want to learn more about what Mr. Gates has been up to these days, then head on over to Bill Gates Stock Portfolio: August 2023 Update.
5. Caterpillar Inc. (NYSE:CAT)
Bill & Melinda Gates Foundation’s Q2 2023 Stake: $1.8 billion
Caterpillar Inc. (NYSE:CAT) is one of the largest industrial equipment manufacturers in the world. The firm has consistently beaten analyst EPS estimates in all four of its latest quarters and the stock is rated Buy on average with a small $6 upside.
During Q2 2023, 50 of the 910 hedge funds part of Insider Monkey’s database had invested in Caterpillar Inc. (NYSE:CAT). Mr. Gates’ foundation is the biggest shareholder among these since it owns 7.3 million shares that are worth $1.8 billion.
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4. Waste Management, Inc. (NYSE:WM)
Bill & Melinda Gates Foundation’s Q2 2023 Stake: $6.1 billion
Waste Management, Inc. (NYSE:WM) is an American trash collection and recycling company with hundreds of landfills and transfer stations. Inflation and weakness in the industrial sector ensured that the firm’s second quarter revenue and net income remained flat annually, which then led it to miss analyst EPS estimates for the quarter.
As of June 2023, 39 of the 910 hedge funds polled by Insider Monkey had held a stake in the firm. While the Bill & Melinda Gates Foundation is its largest investor out of these since it owns a $6.1 billion stake, Ian Simm’s Impax Asset Management also has a sizeable $408 million investment.
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3. Canadian National Railway Company (NYSE:CNI)
Bill & Melinda Gates Foundation’s Q2 2023 Stake: $6.6 billion
Canadian National Railway Company (NYSE:CNI) is a Canadian rail transportation company with a network covering nearly 20 thousand miles. Its fate is tied to the economy since more activity means higher orders for the firm. Mr. Gates’ foundation is its largest hedge fund investor through a $6.6 billion investment.
During this year’s second quarter, 38 of the 910 hedge funds part of Insider Monkey’s research had bought and owned Canadian National Railway Company (NYSE:CNI)’s shares. Out of these, the firm’s second largest investor is Chris Hohn’s TCI Fund Management courtesy of an investment worth $4.9 billion.
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2. Berkshire Hathaway Inc. (NYSE:BRK-A)
Bill & Melinda Gates Foundation’s Q2 2023 Stake: $8.5 billion
Berkshire Hathaway Inc. (NYSE:BRK-A) is an investment holding company operated by Mr. Gates’ close friend, Warren Buffett. It’s the only stock on our list where the Bill & Melinda Gates Foundation increased its investment during the second quarter, with the latest figures marking a $2.5 billion increase.
As of June 2023, 109 of the 910 hedge funds part of Insider Monkey’s database had owned Berkshire Hathaway Inc. (NYSE:BRK-B) Class B stock. The second largest investor in Berkshire Hathaway Inc. (NYSE:BRK-A) Class A stock was Phill Gross and Robert Atchinson’s Adage Capital Management with a $574 million investment.
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Disclosure: None. You can also take a look at 12 Undervalued Blue Chip Stocks To Buy According to Wall Street Analysts and 12 Best Performing Bank Stocks in 2023.
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