Bill Gates’ 2022 Portfolio: 5 Value Stock Picks

3. Canadian National Railway Company (NYSE:CNI)

Number of Hedge Fund Holders: 38

Bill Gates’ Stake Value: $1,753,000,000

Percentage of Bill Gates’ 13F Portfolio: 8.86%

Stock Price as of June 14: $108.45

Canadian National Railway Company (NYSE:CNI) is a Montreal, Quebec-based Class I freight railway corporation that serves Canada along with the Midwestern and Southwestern US through its 20,000-mile network. The network connects the Atlantic, the Pacific, and the Gulf of Mexico coasts and transports 300 million tonnes of goods annually.

Canadian National Railway Company (NYSE:CNI) stock is trading at a forward P/FCF ratio of 22.48x. This is the lower end of the 10-year average range, reflecting that the investors are not overpaying. In a note to investors on June 14, Amit Mehrotra at Deutsche Bank highlighted the Canadian National Railway Company (NYSE:CNI) as a short-term investment idea. Before the end of Q2 2022, the analyst is bullish on the outlook of the rail stocks and assumes 7.3% YoY growth in the second half of this year. Mehrotra foresees some rail stocks ending the year with record profits.

Canadian National Railway Company (NYSE:CNI) was held by 38 hedge funds at the end of Q1 2022.