Bill Gates’ Top 5 Holdings

3. Canadian National Railway (NYSE:CNI)

Another strong defensive player in Bill Gates’ portfolio, Canadian National Railway (NYSE:CNI) has been increasing shareholder value this year despite several headwinds. The company bought back 23 million shares for $3.5 billion. It has also increased its dividend by 19% dividend this year. In November, Deutsche Bank analyst Amit Mehotra reiterated his bullish rating on CNI in his broader note for the transportation industry.

Canadian National Railway is also a hedge fund favorite. As of the end of the third quarter of this year, 42 hedge funds tracked by Insider Monkey reported having stakes in the company, compared to 41 funds in the previous quarter. The most notable stakeholders of the firm include major hedge funds like Chris Hohn’s TCI Fund Management ($4 billion stake) and Israel Englander’s Millennium Management ($250 million stake).