The ‘Bill & Melinda Gates Foundation’ It is one of the largest philanthropic foundations in the world. “We are a non-profit organization that fights poverty, disease and inequality around the world,” it says on its website. But objectives as ambitious as eradicating malaria or providing drinking water to the entire world population require substantial resources, forcing them to get their investments right.
According to the fund’s latest quarterly presentation, the top stock in the Bill & Melinda Gates Foundation’s portfolio is Microsoft. Not surprisingly, because thanks to Gates’s donations, the foundation owns 39.2 million shares of the tech giant, which are valued at more than $11.3 billion and provide more than $100 million a year in dividend income for the company. foundation work.
Microsoft shares have soared 40% so far this year, largely thanks to the AI boom fueled by the success of Chat GPT. It is the second most valuable company in the world, with a market capitalization of 2.50 trillion that places it only behind Apple.
Much more surprising is the second largest position in the philanthropist millionaire’s fund, which at the end of the first quarter was Canadian National Railway. However, the truth is that if you analyze the Foundation’s portfolio over time, this company has always held a place for more than 20 years, and is currently valued at almost 6.5 billion dollars.
|
Company |
Position (shares) |
Value (Millions $) |
|
Microsoft |
39,264,670 |
11,320 |
|
Canadian National Railway |
54,826,786 |
6,647 |
|
Berkshire Hathaway |
19,689,845 |
6,079 |
|
waste management |
35,234,344 |
5,749 |
|
caterpillar |
7,353,614 |
1,682 |
Berkshire Hathaway, the investment arm of Warren Buffett, falls behind after the Foundation has divested of 5 million shares. The Bill and Melinda Gates Foundation currently controls 19.7 million shares of the holding company, valued at just over $6 billion.
The friendship between Gates and Buffett is well known, but it must be clarified that the Microsoft co-founder does not personally manage the foundation, but rather this responsibility has fallen to Michael Larson for almost 30 years.
One explanation for this lower exposure could be the fact that Berkshire Hathaway does not pay dividends, which would have led the manager to look for other more generous companies in this area. For example, the fourth largest holding in the Foundation’s portfolio is Waste Management, a company that has paid and increased its dividend for 20 consecutive years.
In fact, of the 22 positions in the Bill & Melinda Gates Foundation’s portfolio, only six do not pay dividends. And except for Berkshire, the other five are relatively small positions.
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