5 Stocks to Buy and Hold According to Bill Gates

In this article, we will take a look at the 5 stocks to buy and hold according to Bill Gates. You can skip our detailed analysis of Gates’ history, investment philosophy, and hedge fund performance, and go directly to 10 Stocks to Buy and Hold According to Bill Gates.

5. Crown Castle International Corp. (REIT) (NYSE:CCI)

Gates’ Stake Value: $992.4 million

Percentage of Bill & Melinda Gates 13F Portfolio: 4.15%

Number of Hedge Fund Holders: 42

Crown Castle International Corp. (REIT) (NYSE: CCI) is an owner and operator of over 40,000 cell towers and 80,000 route miles of fiber to support small cells and fiber solutions across US markets. Ranked fifth on the list of the 10 stocks to buy and hold according to Bill Gates, Crown Castle International Corp. (REIT) (NYSE:CCI) has a market capitalization of $79.68 billion.

Bill & Melinda Gates Foundation Trust currently holds over 5 million shares of Crown Castle International Corp. (NYSE:CCI), amounting to over $992.4 million in worth and accounting for 4.15% of the foundation’s portfolio. By the end of the second quarter of 2021, 42 hedge funds out of the 873 tracked by Insider Monkey held stakes in Crown Castle International Corp. (REIT) (NYSE:CCI) worth roughly $2.1 billion. This is compared to 43 hedge funds in the previous quarter with a total stake value of approximately $1.9 billion.

In the second quarter of 2021, Crown Castle International Corp. (REIT) (NYSE:CCI) reported earnings per share at $1.69, beating estimates by $0.06. Additionally, the company reported revenues of $1.58 billion, surpassing estimates of $22.48 million.

On September 10, Morgan Stanley analyst Simon Flannery raised the firm’s price target on Crown Castle to $213 from $204 and kept an Overweight rating on the shares.