13F reflects the holdings and I have highlighted some of the interesting activities (sales & purchases). As these took place in Q4/2023, it cannot be a timely tool but it helps to identify concerns and opportunities seen by these great investors.
Bill & Melinda Gates Foundation Trust
Observations:
The sales are very interesting to me as they have exited some strong companies totally that include some members of the Magnificent 7, namely, a complete 100% exit of Meta, Apple, Amazon, Alphabet, and Nvidia. From the recent runs, the Q4 sales do seem to be too early.
Jim Cramer names his 'Magnificent Seven' stocks that are the real deal
The Magnificent 7 includes Apple, Microsoft, Nvidia, Amazon, Meta, Tesla & Alphabet (Google).
On top of this, they seem to have exited completely in sectors of
Banking & Finance (like Goldman Sachs, JPMorgan, Invesco Banking ETF, Visa),
IT hardware (like CISCO, Oracle, ),
SaaS (Adobe, etc)
Oil & gas (Chevron, ExxonMobil, Total )
Chemicals (Eastman)
Pharmaceuticals (Merck, Pfizer)
Healthcare (CVS, Elevance Health, United Healthcare),
Consumer (like Johnson & Johnson, Unilever, Pepsico, P&G),
Retailers (like Target,
Defense (Lockheed, RTX)
From the list above, it looks like they are just cashing out totally.
It felt like the end of the world was coming from such sales.
In the holdings, Microsoft, Berkshire, Canadian National Railway, and Waste Management occupy 80% of the portfolio. Waste Management is a company of interest that I intend to research in greater detail.
They have kept faith in logistics players like FedEx and UPS and an Asia-based e-commerce player Coupang.
The only purchase is that of Veralto Group. This intrigues me to learn more about this company.
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