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One of the world's leading venture philanthropic organizations, the Bill & Melinda Gates Foundation Trust, recently revealed its diversified investment portfolio.
Gates’ trust sold its holdings in Uber Technologies (UBER:US or NYSE: UBER) and Alibaba Group Holding (BABA:US or NYSE: UBER). It also slashed its position by 50 per cent in Apple (AAPL:US or NASDAQ: AAPL), Amazon (AMZN:US or NASDAQ: AMZN), and Alphabet (GOOGL:US or NASDAQ: GOOGL).
The trust slashed its holding by 11 per cent from Warren Buffett’s Berkshire Hathaway Inc, but it still accounts for almost 44 per cent of its portfolio. The trust revealed its latest investment rejig in a filing with the Securities and Exchange Commission.
Here are five stocks in which Bill Gates boosted its stakes recently after slashing his investment in the above companies:
Schrodinger Inc. (SDGR:US or NASDAQ: SDGR)
The foundation raised its holding in the company by a massive 41 per cent. This healthcare service provider’s stock has returned more than 126 per cent in one year.
Its last share price at market close on Thursday was US$ 104.50. The market cap is US$ 5.9 billion. The company has been researching through its computational-based platform materials science and drugs.
FedEx Corporation (FDX:US or NYSE: FDX)
This transportation company pays a quarterly dividend of US$ 0.65 per piece and has a lucrative five-year dividend growth of 23.35 per cent.
The logistic stock is up nearly 83 per cent in one year and holds earnings per common share of US$ 9.20. Its current price is US$ 254.22 per share. Bill Gates’s foundation holds 3.51 per cent of this stock.
Image Source: Kalkine Group @2021
United Parcel Service Inc (UPS:US or NYSE: UPS)
This delivery stock accounts for 3.41 per cent of Bill Gates' overall equity investment. It has yielded over 79 per cent in one year, with a dividend yield of 2.59 per cent.
This blue-chip stock has an impressive return on equity of 68.45 per cent, with a market cap of US$ 113.33 billion.
Ecolab Inc (ECL:US or NYSE: ECL)
The chemical firm’s stock ranks in the sixth position, with 4.22 per cent of the overall portfolio.
It has gained as much as 18.60 per cent in one year and distributes a quarterly dividend of US$ 0.48 per common share.
Crown Castle International Corp (CCI:US or NYSE: CCI)
This real estate stock is placed on the seventh number on the world’s third-richest person’s portfolio. It is paying a handsome dividend of US$ 1.33 per piece and offering a dividend yield of 3.333 per cent.
The REIT fund has a return on equity of over 10 per cent and a market cap of US$ 68.84 billion. The stock is slightly up by 2 per cent year-to-date (YTD).
