Bill Gates is one of the world’s wealthiest people, with total assets of over $ 100 billion. It is also more impressive that it has donated more than $ 60 billion to the Gates Foundation established in 2000.

Most of them have come directly from the individual portfolio of Gates, including a significant stake Microsoft ,Msft -0.28%,The company he founded, as well as many important diverse investment. Outside Microsoft, Gates appears to be an investor focused on the price, taking a lesson from his long -time friend and former Gates Foundation Donor and trustee, Warren Buffett,

As a result, the Gates Foundation reflects a combination of the investment styles of Portfolio Gates and Buffett, including maintaining high -centered portfolio of top investments. For example, about two-thirds of the trust funds of the foundation are held in only three outstanding stocks.

1. Microsoft (31.1%)

Gates first donated Microsoft Stock to the Foundation on his establishment in 2000, and he added more shares over time. And while the Foundation has often sold some of its stocks to give grants, it has managed to create an adequate stake. Tech companyBy the end of the first quarter, the trust had about 28.5 million shares. Those shares cost more than $ 14 billion by the end of June.

Microsoft Stock has reached an all -time high behind its strength in recent weeks Artificial intelligenceAfter $ 10 billion Investment in Openai In early 2023, Microsoft’s Azure became the leading cloud computing Platform for developers to take advantage of the leading AI model. This has since been demonstrated by the market leading growth, including a 33% increase in its most recent quarter. What is more, Microsoft management says that there is a decrease in business supply because the demand remains more, so it is likely to maintain that growth rate for some time.

Microsoft has also benefited from integrating AI in its enterprise software business. Microsoft 365 commercial revenue has increased by a double -digit speed, which has increased by selling more seats at higher average prices.

Microsoft has developed special AI accessories for applications, including Github and Dynamics 365, which help businesses to get more than software. It also provides a Copilot Studio, which allows businesses to use their own data to make special AI assistants.

As a result, Microsoft has seen strong revenue growth and even better profit growth as its margin expands. And Azure leads the company to pursue, which should only move forward, proceed.

Investors will now have to pay a premium price for stock, further with P/E next to 37. But supporting the rapid expansion and growth of its cloud computing business with a large cash cow of its enterprise software business, it seems that it is worth the premium value.

2. Berkshire Hathaway (18.4%)

As mentioned, Warren Buffett has been a long -time donor for the Gates Foundation. In fact, their total investment since 2006 is more than $ 43 billion. And when Buffett donates to non-profit people, he donates class B shares Berkshire Hathaway ,Brk.a -0.22%, ,Brk.b 0.04%,Class B keeps control of the company by changing the super-voting class A shares in shares before donating.

Buffett requires the Gates Foundation to pay equal grants to the amount that it donates every year and is additional 5% of the trust’s assets. However, Gates has succeeded in capturing a significant number of Berkshire Hathaway shares. By the end of the first quarter, the trust placed 17.1 million shares. They are about $ 8.3 billion.

Berkshire is a holding company that includes several ownership and operated businesses. As a group, those businesses are executed at a high level. He said, the biggest section, InsuranceClosed due to natural disasters such as California’s wildfire. Overall, this led to some disappointing first quarter results.

Berkshire’s value of wholesale publicly traded equity portfolio and cash. The total value of its liquid investment is around $ 631.8 billion. Half of this is in treasury bill or cash As Buffett seeks something that he can buy at a good price. This is a hard work The size of the Berkshire leaves only a handful of companies as a viable option To take a stake for Berkshire.

Berkshire’s shares have declined as Buffett has announced its retirement from the CEO position to January 1, 2026. It now trades one Price-to-book ratio 1.6 of. This price is still historically expensive for Berkshire, however, and Buffett is Buffett In the last several quarters, that assessment neglected to buy shares back in that evaluationHe said, Berkshire may be worth trading for a higher several, given that it is currently disqualified (not using insurance float for investment) and a ton is sitting on cash.

3. Waste management (16.2%)

Most of the other stock value-gentle ideas organized by the Gates Foundation Trust, which made Warren Buffett so successful. waste management ,Left 0.62%, It can be the most symbol of that.

Waste management has been a prominent place of Portfolio since 2002. Long-term procurement-and-catching position has steadily increased value over the years with limited share sales. The trust held 32.2 million shares at the end of the first quarter. They are about $ 7.3 billion as this writing.

Is it tremendous that it appeals to waste management Competitive gapIt holds an unmatched portfolio of landfills, which is impossible to mail due to the high bar required to obtain permits for new landfills. For example, many small waste hosions pay waste management to use their landfills. Waste management also benefits from the scale, which allows it to create more than the intensive pickup route and achieve more than its operation. As a result, the company plays strong profit margin.

With its additional cash, the company is capable of growing through acquisition. The most recent of which is stericical, now called WM Healthcare Solutions. In its most recent investor Day, management predicted $ 50 million in cross-celling opportunities with stericil in addition to $ 250 million in cost coordination.

Management also accelerates revenue growth by about 9% per year with expansion of income before interest, taxes, depreciation and refinement.Ebitda) Margin through 2027. It will support strong free cash flow Development, which management can use additional tuck-in acquisition, its growing dividends, or recurrent sharing. Together enterprise value About 15 times the expected Ebitda over the next 12 months, shares are quite priced and a dividend growth can be a good opportunity for investors who are looking for companies with strong free cash flow growth.