It is quite normal for investors to make adjustments to their portfolios every quarter: they take out some shares, add other assets. Bill Gates came in heavily to move his portfolio (the Bill and Melinda Foundation Trust’s portfolio): He liquidated three major companies, we are talk about shares of Uber, Alibaba (BABA), and Reit – Real Estate Investment Trust (BXP). It also modified 9. This reduction was not small, in some cases it halved the positions by also adding a new company operating in the healthcare sector, but with a large technological component listed on the Nasdaq.
What does Bill Gates know that we don’t know? Maybe nothing and he just wanted to give a more conservative cut to his portfolio. Perhaps he too expects a correction of the markets that tend to rise. And maybe Bill Gates expects this correction closer than expected? He took out companies in the growth sector (in the tech sector for example, and which have growth characteristics from a stock price point of view) and held more “value” action.
It is interesting to see that he has completely closed his position on Reit who invests in real estate. It is interesting to watch how the portfolios of large investors move, not to copy but to understand and confirm the narrative that a trader creates within his own thinking based on what he sees happening on the financial markets and from the point of view. macroeconomic. But never base your trading activity on opinions but on data. It will also be very interesting to see when Bill brings his new wallet to the SEC to see what has changed, we will follow him closely …
