Bill Gates Portfolio Stock List: Top 5 Stocks

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 68   

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. On November 21, as a part of its Spark Good Round-Up initiative, Walmart announced the launch of a new campaign to support local organizations across the country with up to $5 million going to non-profits. The company is awarding up to 3,000 non-profits a $1,000 grant when they receive 20 or more Spark Good Round Up donations. According to the latest 13F data, Bill & Melinda Gates Foundation Trust owned 3 million shares in the firm at the end of September 2022 worth $391 million, representing 1.15% of the portfolio. 

On November 17, Credit Suisse analyst Robert Moskow maintained an Outperform rating on Walmart Inc. (NYSE:WMT) stock and raised the price target to $160 from $145, noting that the company reported a strong third quarter.  

Among the hedge funds being tracked by Insider Monkey, Camas, Washington-based investment firm Fisher Asset Management is a leading shareholder in Walmart Inc. (NYSE:WMT) with 8.1 million shares worth more than $1 billion. 

In its Q3 2022 investor letter, Leaven Partners, an asset management firm, highlighted a few stocks and Walmart Inc. (NYSE:WMT) was one of them. Here is what the fund said:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Walmart (NYSE:WMT), have recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6% from 7.2% in early August and slashing full-year profit growth to 4.5%.”