Below is the list of 5 stocks that can be affected by Bill Gates’ divorce. For a comprehensive list and details about Bill and Melinda Gates’ divorce please see Will Bill Gates’ Divorce Affect These Stocks?
5. Canadian National Railway Company (NYSE: CNI)
Number of Hedge Fund Holders: 31
Canadian National Railway Company (NYSE: CNI) is the long-running stock holding of Gates foundation. The firm held 16.9 million shares of CNI at the end of December, accounting for 7.12% of the overall portfolio. Canadian National Railway Company offers a dividend yield of more than 1.22%. Its share price rallied close to 40% in the last twelve months.
Canadian National Railway Company has seen an increase in hedge fund sentiment in recent months. It was in 31 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 29 positions in the previous quarter.
4. Caterpillar Inc. (NYSE: CAT)
Number of Hedge Fund Holders: 53
The machinery maker Caterpillar Inc. (NYSE: CAT) is the fourth largest stock holding of Gates foundation, accounting for 7.82% of the overall portfolio. It is also among the well-known dividend payer. The company currently offers a dividend yield of 1.71%. Its share price has also been increasing at a robust pace, with a 124% gain in the last 12 months.
Caterpillar was in 53 hedge funds’ portfolios at the end of December compared to 41 positions in the previous quarter.
3. Waste Management, Inc. (NYSE: WM)
Number of Hedge Fund Holders: 37
Waste Management Inc (NYSE: WM) is a member of Gates’ portfolio since 2002. The foundation held 18.63 million shares of Waste Management at the end of December, accounting for 8.38% of the overall portfolio. The company offers a dividend yield of 1.63% and it raised dividends in the last 18 straight years. On the other hand, WM’s share price grew 40% in the last twelve months.
Waste Management investors should pay attention to a decrease in support from the world’s most elite money managers of late. It was in 37 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 38 positions in the previous quarter.
2. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF)
Number of Hedge Fund Holders: 6
The foundation substantially raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) during the December quarter by 1317% to 15.88% of the overall portfolio, making it the second-largest stock holding. The foundation held more than 88 million shares of franchise bottler at the end of December. Coca-Cola FEMSA offers a dividend yield of 2.64%.
Coca-Cola FEMSA, S.A.B. de C.V. was in 6 hedge funds’ portfolios at the end of December, flat compared to the previous quarter.
1. Berkshire Hathaway Inc. (NYSE: BRK-B)
Number of Hedge Fund Holders: 110
Warren Buffett, the chairman of Berkshire Hathaway Inc (BRK.B), is among the largest donors of Bill & Melinda Gates Foundation Trust. He has donated billions of dollars of Berkshire Hathaway shares to the Gates foundation. At the end of December, Bill & Melinda Gates Foundation Trust held 42.1 million shares of Berkshire Hathaway, accounting for 37.25% of the overall portfolio.
In the Q1 investor letter, Vltava Fund, an investment management firm, mentioned a few stocks including Berkshire Hathaway. Here’s what Vltava Fund stated:
“Despite the considerable rise in stock markets over the past year, there are still many attractive opportunities. Human nature also is playing a bit into our hands. Investor crowds often chase popular stocks, hot IPOs, or mysterious SPACs and completely leave aside stocks they consider boring and not sexy enough. A typical example of this category is our long-term largest position in Berkshire Hathaway. Since we bought it for the first time, its price has nearly quadrupled and yet it remains just as undervalued today as it was at that time. Considering the current rate at which it is buying back its own shares and the amount of cash that Berkshire Hathaway has, my greatest wish as a shareholder is for the company’s share price to remain as low as possible for as long as possible.”
