What has billionaire and co-founder of Microsoft Bill Gates been buying lately? He, along with is his wife Melinda Gates, run a foundation called The Gates Foundation, which is centered around charitable works. The foundation controls some $37 billion, and is overseen by Michael Larson. Larson is the Chief Investment Officer for Cascade Investment (see its stock purchases here), which is the the investment vehicle for The Gates Foundation, and manages the Gates’ personal fortune. The foundation, much like fellow billionaire Warren Buffett, likes to focus on high quality, large-cap stocks, and so it is the perfect place to look to find top notch stock picks. Let’s see what the foundation was investing in during the fourth quarter of 2012.
Gates Foundation is cutting its stake in…
Siemens is a leader in many of its segments, which includes industrial automation, power generation and medical equipment. The above-mentioned expected growth should in part be driven by an increased spending in emerging markets, as these countries look to build up their infrastructure. Healthcare is one of the rapidly growing segments for Siemens, which makes up 17% of revenues, and includes products such as hearing instruments, diagnostic imaging systems, and therapy equipment.
Siemens also has a 50-50 joint venture with Nokia to merge its Middle East and Africa businesses together. This will help the two, together, provide increased quality services. A couple of other billionaire investors are also encouraged by Siemens; Ken Fisher of Fisher Asset Management and Jim Simons of Renaissance Technologies are two of the company’s top owners (check out Simons’ newest picks).