Billionaire Ken Fisher and Bill Gates Love These 4 Stocks

In this article, we will be taking a look at the four stocks billionaire Ken Fisher and Bill Gates love. To read our detailed analysis of the stock portfolio performance of Fisher Asset Management and Bill & Melinda Gates Trust, you can go directly to see Billionaire Ken Fisher and Bill Gates Love These 7 Stocks.

4. Walmart Inc. (NYSE:WMT)

Fisher Asset Management’s Q2 2023 Stake: $474 million

Bill & Melinda Gates Trust’s Q2 2023 Stake: $1.4 billion

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is a consumer staples merchandise retail company based in Bentonville, Arizona. It operates retail, wholesale, and other units across the globe through the Walmart chain of stores, warehouse clubs, supermarkets, and more.

As of August 21, Paul Lejuez, an analyst at Citigroup, maintains a Buy rating on shares of Walmart Inc. (NYSE:WMT). The analyst also raised his price target on the stock from $174 to $180.

Walmart Inc. (NYSE:WMT) was spotted in the 13F holdings of 81 hedge funds during the second quarter, with a total stake value of $5.5 billion.

3. Deere & Company (NYSE:DE)

Fisher Asset Management’s Q2 2023 Stake: $1.6 billion

Bill & Melinda Gates Trust’s Q2 2023 Stake: $445.5 million

Number of Hedge Fund Holders: 56

Stanley Elliott, an analyst at Stifel, holds a Buy rating on shares of Deere & Company (NYSE:DE) as of August 21. The analyst also placed a price target of $460 on the stock.

A total of 56 hedge funds held stakes in Deere & Company (NYSE:DE) at the end of the second quarter. Their total stake value in the company was $3.2 billion.

Deere & Company (NYSE:DE) is an agricultural and farm machinery company based in Moline, Illinois. It provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, and other related products.

2. Caterpillar Inc. (NYSE:CAT)

Fisher Asset Management’s Q2 2023 Stake: $1.8 billion

Bill & Melinda Gates Trust’s Q2 2023 Stake: $1.9 billion

Number of Hedge Fund Holders: 50

Stifel’s Stanley Elliott maintains a Buy rating and a $300 price target on Caterpillar Inc. (NYSE:CAT) shares as of August 2.

Caterpillar Inc. (NYSE:CAT) is a construction machinery and heavy transportation equipment company. It is based in Irving, Texas.

There were 50 hedge funds long Caterpillar Inc. (NYSE:CAT) in the second quarter, with a total stake value of $2.6 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Q2 2023 Stake: $8.3 billion

Bill & Melinda Gates Trust’s Q2 2023 Stake: $13.4 billion

Number of Hedge Fund Holders: 300

Microsoft Corporation (NASDAQ:MSFT) is a big tech systems software company. It is based in Redmond, Washington.

Alex Haissl at Redburn Partners maintains a Buy rating and a $440 price target on Microsoft Corporation (NASDAQ:MSFT) as of August 11.

Our hedge fund data for the second quarter shows 300 hedge funds long Microsoft Corporation (NASDAQ:MSFT). Their total stake value in the company was $69.8 billion.

Here’s what Third Point Management said about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2023 investor letter:

“While our gross equity exposure is still modest (below 100% on the long side), we have increased our nets to 70% as of this writing and 77% on a beta adjusted basis. About 45% of that net long exposure is composed of direct and indirect AI beneficiaries trading at reasonable valuations. We have sized up our investments in certain cloud software businesses including Microsoft Corporation (NASDAQ:MSFT), a clear AI winner as a result of its rapidly growing Azure cloud business, upside from applying AI features to its core Office products, investment in Open AI, and ability to provide AI services to other companies (for example, Microsoft holds a stake in one of our portfolio companies, LSE, which it is also assisting in harnessing greater value in its data via AI).”

See also 15 Smallest Stocks In Warren Buffett’s Portfolio and Stanley Druckenmiller 13F Portfolio: Top 15 Stocks.