Bill Gates’ Stock Portfolio: Top 5 Picks

4. Caterpillar Inc (CAT)

Caterpillar Inc. (NYSE: CAT) is one of the most favorite stocks of the Bill & Melinda Gates Foundation stock portfolio. The trust currently holds 11 million shares of CAT valued at $1.67 billion, accounting for 7.61% of the overall portfolio. Trailing Bill & Melinda Gates Foundation Trust was Fisher Asset Management, which amassed a stake valued at $893.9 million. Citadel Investment Group, Diamond Hill Capital, and PEAK6 Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Bill & Melinda Gates Foundation Trust allocated the biggest weight to Caterpillar Inc. (NYSE:CAT), around 7.61% of its 13F portfolio. Axel Capital Management is also relatively very bullish on the stock, designating 7.02 percent of its 13F equity portfolio to CAT.

Caterpillar has a long dividend growth history. It currently offers a dividend yield of 2.28%.

Despite pandemic related challenges, Caterpillar management seeks to expand its growth plans. “I’m proud of our global team’s performance as we continue to safely navigate the pandemic while remaining firmly committed to serving our customers,” said Caterpillar Chairman and CEO Jim Umpleby. “Our third-quarter results largely aligned with our expectations, and we’re encouraged by positive signs in certain industries and geographies. We’re executing our strategy and are ready to respond quickly to changing market conditions.”