Bill Gates has a net worth of more than $136 billion, making him one of the world’s richest people. He has made a lot of money at the stock market through his investments. Michael Larson, the co-founder of the Bill and Melinda Gates Foundation, oversees both the Gates’ personal wealth and the foundation. Three decades ago, the Bill and Melinda Gates Foundation Trust was launched. Between June and September, the fund purchased new shares in seven different companies. Since 2012, the fund has held just 22 investments, most of which have been long-term holdings.
Here is Insider Monkey’s list of 10 stocks to buy and hold according to Bill Gates. Mexico-based media company Grupo Televisa, S.A.B. is a media conglomerate. Since the third quarter of 2012, the company has been included in the Gates portfolio. With a $13 price target, Morgan Stanley upgraded the stock to Overweight from Equal Weight. On December 16, FedEx Corporation reported second-quarter earnings of $4.83 per share, beating expectations by $0.54. By a billion dollars, the company’s revenue for the period exceeded forecasts by $23 billion. Gates has had United Parcel Service included in his portfolio for nearly seven years. Quarterly dividend of $1.02 was recently announced in accordance with its previous dividend policy. According to YCharts, the future yield was 1.94 percent. Matthew Niknam, a Deutsche Bank analyst, has a Buy rating and a $175 price target for the stock. Early 5G deployments in the United States have continued to benefit the company significantly. Over 4.5 million shares of Crown Castle International Corp. are owned by the Bill & Melinda Gates Foundation Trust. On September 30, 2012, an investment fund bought its first stake in the company. A $3.7 billion deal to acquire Purolite, a global supplier of high-end ion exchange resins, was announced by Ecolab Inc. For more details, click 10 Stocks To Buy And Hold According To Bill Gates.