In this piece, we will take a look at the ten best Bill Gates Stocks that are also being bought by other billionaires. If you want to skip all the updates about Bill Gates and want to skip to the top five stocks in this list, then take a look at 5 Best Bill Gates Stocks Other Billionaires Are Also Piling Into.
Bill Gates is one of the richest people in the world. His current net worth sits at a whopping $110 billion according to Forbes Magazine, ensuring that Mr. Gates might not run out of money for the rest of his life. The secret to his wealth is identifying the disruptive potential of a graphical user interface (GUI) used to control a computer. Mr. Gates and Apple Inc. (NASDAQ:AAPL)'s co founder Steve Jobs witnessed GUI in real time, and the rest is history that has seen a mouse or a track pad under everyone's hands.
These days, Bill Gates is busy with another revolutionary technology. If, after looking at the stock market in 2022 you decided to relocate under a rock, 2023 has been defined by artificial intelligence. Often thought to be under the domain of science fiction, A.I. systems are now making their way to consumers and companies and have injected stocks of companies like NVIDIA Corporation (NASDAQ:NVDA) with steroids.
At the heart of the current A.I. revolution is OpenAI. The San Francisco, California based firm's ChatGPT caught the public imagination after its release, and OpenAI's GPT-4 A.I. model is believed to be one of the most advanced models of its kind in the world. However, before OpenAI became a household name, it was eagerly developing its software and consulting with Mr. Gates. While you might believe A.I. is all hype and no substance, Mr. Gates begs to differ. His first foray with GUIs in 1980 had stunned him into action, and according to him, A.I. is the second time in his life that he has come across such a technology.
Don't believe us? Well, take a look at what Mr. Gates wrote in March 2023:
The first time was in 1980, when I was introduced to a graphical user interface—the forerunner of every modern operating system, including Windows. I sat with the person who had shown me the demo, a brilliant programmer named Charles Simonyi, and we immediately started brainstorming about all the things we could do with such a user-friendly approach to computing. Charles eventually joined Microsoft, Windows became the backbone of Microsoft, and the thinking we did after that demo helped set the company’s agenda for the next 15 years.
Safe to say, if Bill Gates thinks that A.I. in 2023 is the biggest disruptor in the technology industry since the point and click principle of today's operating systems, then there might be more to the technology than A.I.'s biggest detractors believe. However, another individual that has played a key role in today's A.I. wave is Tesla, Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk. Mr. Musk is one of OpenA's original followers, and after Gates shared in March that A.I. was the second biggest surprise of his career, Musk took to X (formerly Twitter) to share his opinion that Gates' understanding of A.I. was limited back when OpenAI's earliest meetings took place in 2016 and that his knowledge is still limited.
Yet, since his retirement from Microsoft Corporation (NASDAQ:MSFT), Gates has been dabbling in a lot more industries apart from A.I. His foundation, the Bill & Melinda Gates Foundation invests in publicly traded companies and awards grants to others that have the potential of solving the world's greatest problems such as hunger, renewable energy, and disease. One such firm that Mr. Gates himself founded is TerraPower. He set up the company in 2008 and still continues to serve as its chairman. TerraPower is a nuclear power company that is developing next generation nuclear reactors that are called traveling wave reactors (TRWs). Conventional nuclear reactors cannot just use uranium that's been mined from the ground. Instead, uranium is enriched first, which creates an entirely new supply chain. TRWs plan to use un-enriched uranium, and TerraPower scored a win at the COP28 conference held in the U.A.E. as the U.A.E.'s state owned nuclear firm ENEC shared that it has signed an MOU with TerraPower to invest the deployment of advanced reactors in the U.A.E. and globally.
So, as 2024 comes to a close, seems like Bill Gates can't do anything wrong. Therefore, we thought to take a look at which of his other stock picks are also popular among billionaire investors. Some notable names are Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).
Our Methodology
To make our list of the stocks that Bill Gates and billionaires are buying, we ranked the holdings of the Bill & Melinda Gates Foundation by the number of billionaire hedge funds that had bought the shares in Q3 2023. Out of these, the top stocks were selected.
Best Bill Gates Stocks Other Billionaires Are Also Piling Into
Adobe Inc. (NASDAQ:ADBE) is an American software company that is known all over the world for its productivity products such as Photoshop and Reader. The firm is currently on track to report its fourth quarter earnings and analysts expect the firm to post $4.13 in earnings per share.
During 2023's third quarter, 112 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Adobe Inc. (NASDAQ:ADBE)'s shares. Ken Fisher's Fisher Asset Management was the firm's biggest shareholder as it held a $2.3 billion stake.
Adobe Inc. (NASDAQ:ADBE) joins Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META), and Microsoft Corporation (NASDAQ:MSFT) in our list of the top Bill Gates stocks that billionaires are buying.
UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare plan and coverage provider headquartered in Minnetonka, Minnesota. The firm scored a win in December 2023 when Arizona's Medicaid agency selected it to provide healthcare to elders covered by a disability program. UnitedHealth Group Incorporated (NYSE:UNH)'s shares are rated Strong Buy on average and analysts have set an average share price target of $592.
As of Q3 2023 end, 104 out of the 910 hedge funds tracked by Insider Monkey were the firm's investors. UnitedHealth Group Incorporated (NYSE:UNH)'s largest hedge fund investor is Rajiv Jain's GQG Partners as it owns 3.2 million shares that are worth $1.6 billion.
Alphabet Inc. (NASDAQ:GOOG) is an American technology company with a wide variety of technology products such as a search engine, a video streaming platform, productivity software, smartphones, artificial intelligence models, and more. 2024 is shaping up to be a crucial year for the firm as a court is evaluating whether its decision to receive payment from Apple for making Google the default on Apple devices prevents healthy competition.
Insider Monkey's September quarter of 2023 survey covering 910 hedge funds outlined 163 Alphabet Inc. (NASDAQ:GOOG) shareholders. Out of these, the biggest investor is Ken Fisher's Fisher Asset Management as it owns a $5.7 billion stake.
Thermo Fisher Scientific Inc. (NYSE:TMO) is a backend healthcare company that provides pharmaceutical companies and healthcare researchers to develop drugs and conduct research. The firm has beaten analyst EPS estimates in two out of its four latest quarters and the shares are rated Buy on average.
During 2023's third quarter, 109 out of the 910 hedge funds part of Insider Monkey's research had held a stake in the company. Thermo Fisher Scientific Inc. (NYSE:TMO)'s largest investor in our database is Chris Hohn's TCI Fund Management as it owns 3.1 million shares that are worth $1.6 billion.
Visa Inc. (NYSE:V) is a financial technology company that enables everyday users and businesses to make and receive payments. More than 98% of its stock is held by institutional investors, providing it credence but also raising the risk of sharp and sudden downward movements.
As of Q3 2023 end, 167 out of the 910 hedge funds surveyed by Insider Monkey had bought Visa Inc. (NYSE:V)'s shares. Chris Hohn's TCI Fund Management was the biggest stakeholder due to its $3.8 billion stake.
Visa Inc. (NYSE:V), Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) are some stocks on the radar of both Bill Gates and billionaires.
