5 Best Stocks to Buy Now According to Billionaire Bill Gates

3. Caterpillar Inc. (NYSE:CAT)

Bill & Melinda Gates Foundation Trust’s Stake Value: $1,314 million

Percentage of Bill & Melinda Gates Foundation Trust’s Portfolio: 7.43%

Number of Hedge Fund Holders: 45

Caterpillar Inc. (NYSE:CAT) is the world’s largest manufacturer of construction equipment. Caterpillar Inc. (NYSE:CAT) designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers through a worldwide dealer network.

Diamond Hill Capital mentioned Caterpillar Inc. (NYSE:CAT) in its Q1 2022 investor letter. Here is what the firm has to say:

“We also initiated a position in Caterpillar Inc. (NYSE:CAT), one of the world’s leading manufacturers of construction and mining equipment. It’s a company we know well, as we have owned it in our large cap portfolio for quite some time. Recent share price weakness provided an opportunity for us to add it to our large cap concentrated portfolio at an attractive discount to our estimate of intrinsic value. We believe Caterpillar stands to benefit from increased capital investment supported by a healthier/recovering end market environment, particularly in construction and mining.”

Caterpillar Inc. (NYSE:CAT) constitutes 7.43% of the total holding of Bill & Melinda Gates Foundation Trust’s Portfolio and was held by 45 hedge fund holders in our database at the end of Q2 2022.