Published on 31 Mar 2022 on Insider Monkey via Yahoo Finance
Bill Gates Portfolio: 10 Stocks to Buy and Hold for Over 5 Years
In this article, we discuss the 10 stocks to buy and hold for over 5 years according to Bill Gates. If you want to read about some more stocks in the portfolio of Bill Gates, go directly to Bill Gates Portfolio: 5 Stocks to Buy and Hold for Over 5 Years.
Bill Gates stepped down from his role on the board of Microsoft, one of the largest tech companies in the world, in May 2020. Gates stepped down from the chief executive position at the tech giant in 2000 and left another full-time role with the company in 2008. Gates left these positions to give more time to his philanthropic activities. Gates has a personal net worth of more than $134 billion. The latest moves that his hedge fund has made in the market are now making headlines.
Gates founded Bill & Melinda Gates Foundation Trust, the investment arm of the Gates Foundation, in 2000. His personal money manager, Michael Larson, has since been overseeing the equity investments of the fund. The value of the equity portfolio of the fund was close to $23 billion at the end of the fourth quarter of 2021. The fund mostly invests in firms with a long-term strategy in mind. Over the past few quarters, the fund has started dumping the shares of many long-term holdings, signaling a shift in strategy or preparation for a possible economic crisis.