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The Bill Gates Foundation Bought 1,000,000 Shares Each Of Two Stocks In Q3 2024 And They're Both In The Same Sector - Why?

The Bill & Melinda Gates Foundation Trust has recently expanded its investment in Anheuser-Busch InBev SA/NV, purchasing an additional 1.7 million shares, which increased its stake by 2.3% to a total of 1.77 million shares. This move, valued at approximately $95 million, reflects the foundation's strategy to diversify its portfolio beyond its traditional focus on technology and healthcare sectors. Anheuser-Busch InBev, known for brands like Budweiser and Stella Artois, has been facing challenges including a significant drop in market value due to a controversial marketing campaign involving Dylan Mulvaney, which led to a boycott and a 14% decline in stock value. Despite these issues, the foundation's investment could be seen as a long-term bet on the company's recovery and its strong global market position.

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[ https://finance.yahoo.com/news/bill-gates-foundation-bought-1-160036730.html ]