5 Stocks to Buy and Hold According to Bill Gates

4. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 42  

Canadian National Railway Company (NYSE:CNI) provides rail and related transport services. Bill & Melinda Gates Foundation Trust, as of the end of September, had more than 13 million shares of the company worth $1.5 billion in the portfolio. The fund first bought a stake in the firm in the third quarter of 2012. 

On December 3, investment advisory Scotiabank maintained an Outperform rating on Canadian National Railway Company (NYSE:CNI) stock and raised the price target to $168 from $166. Analyst Konark Gupta issued the ratings update.

At the end of the third quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $7.3 billion in Canadian National Railway Company (NYSE:CNI), up from 40 in the preceding quarter worth $5.3 billion.