Bill Gates Portfolio: 4 Most Recent Investments

2. On Holding AG (NYSE:ONON)

Number of Hedge Fund Holders: 30    

On Holding AG (NYSE:ONON) makes and sells sports products. Regulatory filings show that Bill & Melinda Gates Foundation Trust owned 500,000 shares in the company at the end of the third quarter of 2021 worth over $15 million, representing 0.06% of the portfolio. 

Credit Suisse analyst Michael Binetti recently maintained an Outperform rating on On Holding AG (NYSE:ONON) stock and raised the price target to $49 from $38, appreciating the third quarter earnings report of the firm. 

At the end of the third quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $832 million in On Holding AG (NYSE:ONON).