Billionaire Bill Gates Has 51% of His Portfolio Invested in 2 Brilliant Stocks
From Nasdaq: 2024-05-09 05:12:00
The Bill and Melinda Gates Foundation Trust has $42 billion invested in 24 stocks, with 51% in Microsoft and Berkshire Hathaway. Over a three-year period, the trust returned 41%, outperforming the S&P 500. Microsoft beat expectations with a 17% revenue increase in Q3 and strong enterprise and cloud sales. Berkshire Hathaway reported 5% revenue growth in Q1, with a 39% increase in operating earnings. Berkshire’s threefold bull case includes being a top property and casualty insurer, Warren Buffett’s investing track record, and diverse subsidiary holdings. Warren Buffett is confident in Berkshire’s ability to outperform the S&P 500 with a lower risk.
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