Bill Gates’ 2022 Portfolio: 5 Value Stock Picks

2. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Holders: 40

Bill Gates’ Stake Value: $2,953,437,000

Percentage of Bill Gates’ 13F Portfolio: 14.94%

Stock Price as of June 14: $145.62

Waste Management, Inc. (NYSE:WM) is a Houston, Texas-based provider of waste management services like garbage collection and disposal, recycling, and dumpster rental. The $4.6 billion acquisition of Advanced Disposal Services in October 2020 has further cemented the position of Waste Management in the market. The company owns five of the top 10 landfills across the US and manages 11.9 tons of garbage annually.

Waste Management, Inc. (NYSE:WM) stock is a defensive play during these uncertain times. On June 9, Michael Feniger at Bank of America upgraded Waste Management, Inc. (NYSE:WM) stock from an Underperform to a Neutral rating and increased the target price from $155 to $165. The analyst highlighted that Waste Management, Inc. (NYSE:WM) has been able to manage its costs and also improve its pricing power. The reports of core pricing doubling reflect the intention of Waste Management, Inc. (NYSE:WM) to protect its margin amidst rising costs. Waste Management, Inc. (NYSE:WM) stock has a significant upside in environmental demand and has a track record of exceeding expectations in recent quarters. The company’s organic growth has been approximately 7% in recent years, which is why analysts expect Waste Management to be a strong outperformer over the next decade.

Waste Management, Inc. (NYSE:WM) was held by 40 hedge funds as of Q1 2022.