5 Best Stocks to Buy Now According to Billionaire Bill Gates

4. Canadian National Railway Company (NYSE:CNI)

Bill & Melinda Gates Foundation Trust’s Stake Value: $1,156 million

Percentage of Bill & Melinda Gates Foundation Trust’s Portfolio: 6.53%

Number of Hedge Fund Holders: 41

Founded in 1919 and headquartered in Montreal, Quebec, The Canadian National Railway Company (NYSE:CNI) is a Canadian Class I freight railway. Canadian National Railway Company (NYSE:CNI) provides services to those in Canada, the Midwestern and Southern United States.

Ken Hoexter, the BofA analyst, recently upgraded Canadian National Railway Company (NYSE:CNI) from neutral to buy, with a price target of $135 from previous $128. Hoexter was previously neutral on most transport carriers, including Canadian National Railway Company (NYSE:CNI), due to the diminishing freight usage, but he said that rail service was starting to improve and that volumes had inflected positively. It was noted that for the week ending September 3, 2022, North American rail traffic was up 5.3% as compared to the same period last year.

Canadian National Railway Company (NYSE:CNI) constitutes 6.53% of the total holding of Bill & Melinda Gates Foundation Trust’s Portfolio and was held by 41 hedge fund holders in our database at the end of Q2 2022. TCI Fund Management is the stock’s leading holder as of Q2 2022, owning Canadian National Railway Company (NYSE:CNI) shares worth over $4.1 billion.