Bill Gates’ Latest Portfolio: Top 5 Stock Picks

4. Canadian National Railway Company (NYSE:CNI)

Bill Gates’ Stake Value: $1,605,683,000

Percentage of Bill Gates’ 13F Portfolio: 6.99%

Number of Hedge Fund Holders: 42

Bill Gates’ fund started investing in Canadian National Railway Company (NYSE:CNI) back in Q3 2012. After consistently holding its position in the company over the years, the fund started reducing its Canadian National Railway Company (NYSE:CNI) stake in Q4 2020. The Q4 2021 filings suggest that Bill & Melinda Gates Foundation Trust held a $1.60 billion stake in the company, which accounts for 6.99% of the total portfolio. 

On January 25, in addition to posting above consensus earnings and revenue for Q4 2021, Canadian National Railway Company (NYSE:CNI) announced a C$0.7325 per share quarterly dividend, a 19.1% increase from its prior dividend of C$0.6150. The dividend is payable on March 31. Canadian National Railway Company (NYSE:CNI) also announced a share repurchase plan of approximately 42 million shares.

JPMorgan analyst Brian Ossenbeck on March 10 kept a Neutral rating on Canadian National Railway Company (NYSE:CNI) with a C$171 price target. The analyst stated that the shares were fully valued after the pressure from activist shareholder TCI Fund Management, and there is “modest downside” to 2022 estimates if volumes don’t recover in Q2. 

According to the Q4 database of Insider Monkey, 42 hedge funds were long Canadian National Railway Company (NYSE:CNI), with combined stakes of $7.74 billion. Egerton Capital Limited is a significant stockholder of the company, with 7.75 million shares worth $952.6 million.