Billionaire Bill Gates' Foundation Bought Just 2 Stocks in Q3, and It's Bullish for This Sector

Bill Gates is one of the most famous businessmen in the world. He co-founded Microsoft and led the tech giant for years, establishing it as the leader in enterprise software and essentially creating a monopoly in PC operating systems with Windows. However, Gates stepped down as CEO of Microsoft in 2000 and has since pursued philanthropy, primarily through the Bill and Melinda Gates Foundation.The Microsoft founder is still one of the richest people in the world, and the foundation's portfolio reflects that as it has more than $45 billion in assets under management. Gates doesn't manage it directly but oversees the management as he and his ex-wife Melinda are the sole trustees.Given the size of the portfolio, it's worth looking at the quarterly changes for insights into the market, and two stocks the trust purchased in the third quarter give a strong signal. The Foundation trimmed its top three holdings, which are Microsoft, Berkshire Hathaway, and Waste Management, but its purchases in the period were more noteworthy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool