Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bill & Melinda Gates Foundation Trust’s Top Stock Positions Remain Intact, Save for Berkshire Hathaway Inc. (BRK.B) Stake

The Bill & Melinda Gates Foundation, which is believed to be the largest philanthropic organization in the world, was formally launched in 2000 by merging two other foundations: the William H. Gates Foundation and Bill and Melinda’s Gates Library Foundation. The Bill & Melinda Gates Foundation Trust and Cascade Investment LLC, which manages the personal wealth of Bill Gates, are managed by former bond-fund manager Michael Larson, who has been managing the so-called Gates funds since 1994. In the past several years, the Bill & Melinda Gates Foundation has supported numerous initiatives in education, world health and population, and community giving. In the not-so-distant past, Bill Gates thanked Mr. Larson for his outstanding investing skills, saying that “Melinda and I are free to pursue our vision of a healthier and better-educated world because of what Michael has done”. Although the Bill & Melinda Gates Foundation Trust operates as a charitable organization, Insider Monkey keeps tracks of this philanthropic institution because of its sizable equity portfolio and the remarkable stock picking skills of Michael Larson. So let’s have a look at the top five equity positions of this organization as of the end of the March quarter, of which only the largest holding was reshuffled during the first quarter.

At Insider Monkey, we track around 785 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see more details about our small-cap strategy).

#5. Wal-Mart Stores Inc. (NYSE:WMT)

– Number of shares owned by Bill & Melinda Gates Foundation as of March 31: 11.60 Million

– Value of Bill & Melinda Gates Foundation’s holding as of March 31: $794.69 Million

The Bill & Melinda Gates Foundation Trust has 11.60 million shares of Wal-Mart Stores Inc. (NYSE:WMT) in its portfolio as of the end of the first quarter of 2016, which were aggregately worth $794.69 million at quarter-end. The untouched position accounted for 4.6% of the organization’s equity portfolio on March 31. The shares of the world’s largest retailer have advanced 10% since the beginning of 2016, partially owing to better-than-anticipates financial results for the first quarter released this week. Wal-Mart reported net income of $3.08 billion, or $0.98 per share, for the first quarter, ahead of analysts’ estimates of $0.88 per share. The bottom-line figure dropped from $3.34 billion, or $1.03 per share, recorded for the first quarter of 2015. The retailer’s same-store sales at U.S. stores increased 1% year-on-year, marking the seventh consecutive quarter of growth for the domestic business. Warren Buffett’s Berkshire Hathaway reported an ownership of 55.24 million shares of Wal-Mart Stores Inc. (NYSE:WMT) in its latest 13F.

Follow Walmart Inc. (NYSE:WMT)
Trade (NYSE:WMT) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.