5 Best Stocks to Buy Now According to Billionaire Bill Gates

In this piece, we’ll take a look at the 5 Best Stocks to Buy Now According to Billionaire Bill Gates. For the detailed analysis of the Bill & Melinda Gates Foundation, the risk/reward, and the methodology of this list, head on to 10 Best Stocks to Buy Now According to Billionaire Bill Gates.

 5. Ecolab Inc. (NYSE:ECL)

Bill & Melinda Gates Foundation Trust’s Stake Value: $671 million

Percentage of Bill & Melinda Gates Foundation Trust’s Portfolio: 3.79%

Number of Hedge Fund Holders: 43

Ecolab Inc. (NYSE:ECL) is a Minnesota-based company that specializes in technology, services, and systems that purify, treat, clean and make water hygienic to use.

Ecolab Inc. (NYSE:ECL) was discussed in the Q1 2022 investor letter of Baron Funds. Here’s what the investment management firm said:

“Lastly, we added to our position in the leading water, hygiene and infection prevention company, Ecolab Inc. (NYSE:ECL), as the stock sold off on concerns over rising raw material costs. We believe the sell-off is overdone as Ecolab’s strong competitive positioning and proven pricing power would enable it to offset the rising costs (though with a lag). We think that the company will continue benefiting from the secular growth trends towards sustainability while still having a long runway for growth with only an 8% share of its estimated $147 billion addressable market.”

Ecolab Inc. (NYSE:ECL) constitutes 3.79% of the total holding of Bill & Melinda Gates Foundation Trust’s Portfolio and was held by 43 hedge fund holders in our database at the end of Q2 2022.