Many investors aren't aware that the stock portfolio of Bill Gates, America's wealthiest man, is a matter of public record. Gates invests in the stock market through a trading vehicle called
Stockpickr decided to sort through Cascade's stockholdings and extract the
. These are the stocks that pay dividends to Gates.
One of the high-yielding stocks that Gates owns is
, a company that generates and distributes electricity and natural gas in New Mexico and Texas. Just over two weeks ago, Jefferies & Co. upgraded the stock from hold to buy. The stock, which has a price-to-earnings (P/E) ratio of 14 and a P/E-to-growth (PEG) ratio of 1.7, pays a generous yield of 3.8%.
PNM was recently added to the portfolio of
(LRSYX), which is rated five stars by Morningstar. This fund, which invests at least 80% of its net assets in equity securities of small companies in the Russell 2000, has generated an average annual return of 18% over the last three years. The fund also owns
, a vehicle and building products company that offers a yield of 1.2%, and
, an electric utility that serves South Dakota, Wyoming and Montana, yielding 3.1%.
Another high-yield stock Gates owns is
, a Minnesota-based electric utility that also delves into such diverse businesses as manufacturing polyvinyl chloride and polyethylene pipes, wind towers, diagnostic medical equipment, patient-monitoring equipment and dehydrated potato products. The stock offers a P/E of 21, a PEG of 4.2 and a yield of 3.2%.
Otter Tail is also featured in
, an interesting portfolio on Stockpickr that also contains
MDU Resources Group
, which yields 2.1%, and
, which yields 1.2%.
is another Gates dividend stock. The company is in the non-hazardous solid waste collection and disposal services business. Its earnings call is scheduled for Nov. 6. The stock offers a P/E of 23, a PEG of 2 and a yield of 2%.
Republic appears in Stockpickr's
, a recent portfolio that lists stocks with significant insider purchases or stock buyback programs. The portfolio also includes
Janus Capital Group
, both of which are dividend-paying stocks.
To see all of the highest-yield stocks owned by America's wealthiest man, check out the
, which includes two stocks with yields north of 5%.
And for all of Gates' stocks, check out the
portfolio at Stockpickr.com.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for
The Financial Times
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.