Bill Gates Portfolio: 5 Stocks to Buy and Hold for Over 5 Years

2. Grupo Televisa, S.A.B. (NYSE:TV)

Number of Hedge Fund Holders: 17  

Grupo Televisa, S.A.B. (NYSE:TV) operates as a media company. At the end of December 2021, Bill & Melinda Gates Foundation Trust owned over 7 million shares in the firm worth close to $66 million, representing 0.28% of the portfolio. The fund decreased its stake in the firm by 57% during the fourth quarter of 2021 compared to filings for the third. 

Grupo Televisa, S.A.B. (NYSE:TV) has been a constant holding of the Gates fund since the third quarter of 2012. The company first purchased a stake in the firm consisting of more than 16.8 million shares at an average price of close to $23. This holding remained constant till late 2021 when the firm started reducing its stake in the firm. The share price of the firm has dropped to around $10.26. 

At the end of the fourth quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $669 million in Grupo Televisa, S.A.B. (NYSE:TV), compared to 16 in the previous quarter worth $843 million.

In its Q2 2021 investor letter, Oakmark Funds, an asset management firm, highlighted a few stocks and Grupo Televisa, S.A.B. (NYSE:TV) was one of them. Here is what the fund said:

“Grupo Televisa, S.A.B. (NYSE:TV), a media company headquartered in Mexico and the world’s largest producer of Spanish-language content, was a top contributor for the second quarter. Grupo Televisa’s share price jumped when the company revealed that it would merge its content and media assets with Univision. In a call with shareholders, CEO of Grupo Televisa, S.A.B. (NYSE:TV), Alfonso de Angoitia, and CEO of Univision, Wade Davis, provided details on the $4.8 billion agreement, which combines these leading media businesses in the two largest Spanish-speaking markets in the world. Overall, we think the deal makes strategic sense as streaming is the future in television, and the new company will very likely become the dominant Spanish-language streaming service. There will also be synergies from combining the two businesses, which should improve profitability versus when they were stand-alone businesses. In addition, over the long term, we believe consolidation in the media sector will continue, providing an opportunity for the new entity to partner with a larger company. Aside from the strategic merits, we believe Grupo Televisa, S.A.B. (NYSE:TV) received an attractive valuation for its content business as the $4.8B value was higher than our internal estimates. We commend management for this transaction.”