Bill Gates’s Stock Portfolio: Top 15 Stock Picks

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

Bill Gates’s Stake: $7,375,862,594

Number of Hedge Fund Holders: 75

Share Price Return Between July 1 and November 3: -14.00%

Representing 15.44% of Bill Gates’s stock portfolio, Waste Management, Inc. (NYSE:WM) is one of his top 15 stock picks.

On October 29, 2025, The Fly reported that CIBC reduced its price target on Waste Management, Inc. (NYSE:WM) from $235 to $231, while keeping a “Neutral” rating. While pointing toward the company’s Q3 2025 results, the investment firm highlighted strong structural tailwinds, while noting that consistent revenue growth will be required to reflect long-term earnings potential from the Stericycle acquisition. The company acquired Stericycle in 2024, which delivers compliance-based solutions that protect people and brands while promoting health, safety, and environmental sustainability.

Meanwhile, Waste Management, Inc. (NYSE:WM) reported its Q3 2025 results just two days earlier. Demonstrating solid momentum in its legacy segment, Collection and Disposal revenue was boosted, thanks to 6% core pricing and steady industrial volumes. At the same time, cost discipline enhanced operating margins by 160 basis points. Despite revenue being hampered by lower recycled commodity prices, free cash flow for the first nine months of the year climbed 13.5% YoY to $2.11 billion.

Looking ahead, Waste Management, Inc. (NYSE:WM) expressed confidence in its full-year guidance for adjusted EBITDA, which is expected to be between $7.475 billion and $7.625 billion. The optimism stems from continued progress in integration at WM Healthcare Solutions.

Waste Management, Inc. (NYSE: WM) serves residential, commercial, and industrial customers by providing waste collection, recycling, and renewable energy services.

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