5 Stocks to Buy and Hold According to Bill Gates

3. Canadian National Railway Company (NYSE:CNI)

Gates’ Stake Value: $1.46 billion

Percentage of Bill & Melinda Gates 13F Portfolio: 6.15%

Number of Hedge Fund Holders: 40

Canadian National Railway Company (NYSE:CNI) is a North American transportation and logistics leader based in Montreal, Canada, focused on supply chain innovation and collaboration. Ranked third on our list of the 10 stocks to buy and hold according to Bill Gates, Canadian National Railway Company (NYSE:CNI) has a market capitalization of $82.27 billion.

Bill & Melinda Gates Foundation Trust currently holds more than 13.9 million shares of Canadian National Railway Company (NYSE:CNI), amounting to $1.46 billion in worth and accounting for 6.15% of the foundation’s portfolio. By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in Canadian National Railway Company (NYSE:CNI) worth roughly $5.3 billion. This is compared to 36 hedge funds in the previous quarter with a total stake value of approximately $4.7 billion.

On July 20, the company released its quarterly earnings report for the second quarter of 2021, with reported earnings per share at $1.18, crossing estimates by $0.01. In addition, the company reported revenues at $2.84 billion, missing market estimates by $9.31 million.

On September 23, Evercore ISI analyst Jonathan Chappell downgraded Canadian National to In Line from Outperform with a $121 price target.