Bill Gates’ Investment Company’s 5 Newest Stock Picks

Below is the list of Bill Gates’ investment company’s 5 newest stock picks. For a detailed discussion about Bill Gates please see Bill Gates’ Investment Company’s 10 Newest Stock Picks.

5. The Kraft Heinz Company (NASDAQ:KHC)

Value of Bill & Melinda Gates Foundation’s 13F Position: $93 million

Quarter First Initiated Position: Q3, 2022

The Kraft Heinz Company (NASDAQ:KHC) is one of Bill Gates’ investment company’s 10 newest stock picks. When it comes to long-term stock investment, the consumer staples company is one of the most reliable investments. This is because it has the potential to generate long-term sustainable growth in revenue and earnings. Moreover, its dividend yield of around 5% enables investors to collect high dividends. The Kraft Heinz Company manufactures and markets food and beverage products.

Hedge fund confidence in the company has recently increased. The number of hedge fund positions increased to 41 at the end of the second quarter, up from 35 the previous quarter. 

4. Waste Connections, Inc. (NASDAQ:WCN)

Value of Bill & Melinda Gates Foundation’s 13F Position: $307 million

Quarter First Initiated Position: Q3, 2022

Since the third quarter of 2022, Bill Gates’ investment firm has held a stake in Waste Connections, Inc. (NASDAQ:WCN). Shares of environmental and facilities services have risen 4% year to date. It also has a dividend yield of 0.74% and has raised dividends for the past 5 years in a row. Wall Street anticipates high single-digit earnings growth for Waste Connections in 2023, followed by double-digit growth in subsequent years. It is engaged in collecting, transporting, disposing of, and recovering nonhazardous waste in the United States and Canada.

Hedge fund confidence increased in the company recently. As of the end of the second quarter, Waste Connections was in 41 hedge fund portfolios compared to 36 in the previous quarter.