- Investor's Notebook
- Posts
- 87% of Bill Gates' $45 Billion Portfolio is in these 5 Key Stocks
87% of Bill Gates' $45 Billion Portfolio is in these 5 Key Stocks
Bill Gates, renowned for co-founding Microsoft and his philanthropic endeavors, maintains a unique approach to investing. Currently valued at $131 billion, Gates ranks among the world's wealthiest individuals. Despite his vast fortune, he plans to donate the majority of it through The Bill & Melinda Gates Foundation, soon to be renamed The Gates Foundation. Established with Warren Buffett's support, The Giving Pledge commits Gates to philanthropy, aiming to address global challenges such as disease and poverty. Remarkably, despite its diverse holdings, the foundation's assets are predominantly concentrated in just five key stocks, comprising 87% of its $45 billion portfolio.
1. Microsoft (35%)
Microsoft holds a prominent position in the investment portfolio of Bill Gates' foundation, constituting 35% of its total assets. Given Gates' history with the company, it's not surprising that the foundation holds approximately 36.5 million shares valued at $15.47 billion. Beyond its traditional software offerings, Microsoft's Azure Cloud has emerged as a formidable player in the cloud infrastructure market, capturing significant market share and driving robust growth. The integration of Copilot, an AI-powered digital assistant, further enhances Microsoft's revenue potential, with projections suggesting substantial gains by 2027. Despite a modest dividend yield of 0.71%, Microsoft's consistent dividend payments since 2004 and prudent payout ratio leave ample room for future growth, supported by impressive stock price appreciation of 226% over the past five years, surpassing the S&P 500's gains.
2. Berkshire Hathaway (16%)
Berkshire Hathaway holds a significant position in Bill Gates' foundation portfolio, accounting for 16% of its total assets. This substantial stake, valued at nearly $7.1 billion, reflects Warren Buffett's commitment to philanthropy, aligning with Gates' own charitable goals. Berkshire Hathaway's diversified business interests, encompassing 67 subsidiary companies and investments in numerous others, offer inherent stability and long-term growth potential.
In the latest fiscal year, Berkshire reported impressive financial metrics, including a 20% year-over-year increase in revenue to $364 billion and net income totaling $97 billion. Bolstering its financial robustness, Berkshire maintains a substantial cash position of $189 billion, underscoring its stability and liquidity.
The insurance sector, a cornerstone of Berkshire's portfolio through companies like National Indemnity, GEICO, and General Re, has consistently delivered exceptional performance. In Buffett's own words, these subsidiaries achieved record sales, float, and underwriting profits, contributing significantly to Berkshire's operating income of $37 billion. These factors reaffirm Berkshire Hathaway's enduring appeal as a core holding in Gates' investment strategy.
3. Waste Management (16%)
Waste Management holds a significant 16% share in Bill Gates' foundation portfolio, valued at approximately $7.1 billion. Known for its predictable and essential services in waste, trash, and garbage removal, Waste Management aligns with Buffett and Gates' preference for stable, recurring businesses. The company manages over 35.2 million shares, benefiting from consistent demand irrespective of economic conditions.
Amidst economic fluctuations, Waste Management has maintained robust financial performance and higher margins, underpinned by its core refuse and recycling collection services. Looking to broaden its environmental solutions, the company recently announced plans to acquire Stericycle, a medical-waste services provider, for $7.2 billion, signaling strategic expansion.
Investors also appreciate Waste Management's reliable dividend policy, with 15 consecutive years of dividend increases and a current yield of 1.5%. Supported by a conservative payout ratio of less than 47%, the company demonstrates a commitment to sustainable dividend growth, enhancing its appeal within Gates' diversified investment strategy.
4. Canadian National Railway (15%)
Canadian National Railway holds a significant 15% stake in Bill Gates' foundation portfolio, valued at nearly $6.97 billion. Sharing Warren Buffett's admiration for railroads' efficiency and environmental benefits, Gates recognizes Canadian National's unique position as North America's sole transcontinental railroad. This expansive network links the Pacific Coast, Atlantic Coast, and Gulf of Mexico, crucial for transporting goods in a cost-effective and environmentally friendly manner.
Despite recent economic challenges, Canadian National Railway benefits from its industry-leading fuel efficiency, which reduces greenhouse gas emissions by 75% compared to over-the-road trucks. As economic conditions improve, the company anticipates increased rail traffic, bolstering its long-term prospects.
Investors also benefit from Canadian National's consistent dividend payments since 2011, currently yielding 1.9%. With a sustainable payout ratio of 38%, the company demonstrates a commitment to rewarding shareholders while maintaining financial stability, making it a strategic addition to Gates' diversified investment portfolio.
5. Caterpillar (5%)
Caterpillar, renowned as the global leader in construction and mining equipment, holds a significant 5% stake in Bill Gates' foundation portfolio, valued at over $2.4 billion. Despite recent economic uncertainties, Caterpillar's diversified business lines, including industrial gas turbines, locomotives, and engines, bolster its resilience in fluctuating markets.
While current sales trends remain steady year over year, Caterpillar's stringent cost controls have enhanced margins, contributing to improved profitability amid economic challenges.
Investors benefit from Caterpillar's robust dividend history, spanning nearly a century since its inception in 1925. With uninterrupted quarterly dividends since 1933 and a consistent track record of annual increases over the past three decades, the company's dividend yield stands at 1.6%. Supported by a conservative payout ratio of just 23%, Caterpillar maintains ample capacity for future dividend growth, reinforcing its role as a strategic asset within Gates' diversified investment strategy.
Want to delve deeper into the world of investing? Subscribe for my FREE newsletter today and gain access to insider tips, expert analysis, and actionable insights to fuel your journey towards financial prosperity.