Bill Gates’ Top 5 Holdings

4. Waste Management, Inc. (NYSE:WM)

Bill & Melinda Gates Foundation has been holding stakes in Waste Management since the third quarter of 2012. As of the end of the third quarter of this year, the trust had owned a $5.6 billion worth of stake in the company. Earlier this month, Waste Management WM (NYSE:WM) increased its dividend by 7.7%, which brings the company’s annual dividend to $2.80. The company also announced a common share repurchase program of up to $1.5 billion, replacing a prior $1.5 billion authorization that was fully utilized in 2022. In the third quarter, Waste Management posted an adjusted EPS of $1.56, while the company’s revenue in the period came in at $5.08 billion.  However, Waste Management said that its operating EBITDA of recycling business fell by $36 million when compared to the third quarter of 2021, mainly due to a decline in recycled commodity prices and inflationary pressures.