Saturday, August 15, 2009

Bill and Melinda Gates Foundation sells off most of their Pharmaceutical Holdings

Bill and Melinda Gates Foundation sells off most of their Pharmaceutical Holdings Close to 35 million dollars worth of holdings including J&J, Wyeth, Eli Lilly, Merck. As well some biothech holdings have been sold off.

Notably, the foundation has held onto 3 million-share stake in Seattle Genetics Inc.

The foundation did not answer calls in an effort to determine the story behind the story.

The Bill and Melinda Gates foundation is the world's largest private philanthropy fund, and is dedicated to finding cures for AIDS and vaccinations....

However, news report this morning say, Buffet just bought them. Sell high - buy low?

Me thinks this is a statement, anyone care to guess?


  1. We can only read tea leaves. It's at least "intriguing" that most of the comapanies sold--J&J, Merck, Lilly, Wyeth, Schering--have been involved in some of the more notorious goings-on in recent years. But where is Pfizer? And apparently they bought a lot of oil/gas/railroad stocks with the profits.

    If it's a statement, not sure what it is. What's your own guess, Former?

    Didn't see anything about Buffet in the original story, but that sounds like a "late breaking" development.

  2. I would like to believe that the Gates divestiture was a good and nobel statement of wrong doings in the industry. The reality, however, can probably be found on the bottom line. Pharmaceutical stocks are up of late, and there is alot of profit taking. Business as usual, it appears.

  3. Hey Chris,

    Actually, the news about Buffet was a bit late breaking. Here is a link to one of the reports:

    In July Warren Buffet's Berkshire gave 1.25 billion shares to the Gates foundation, here's the link:

    The Gates foundation sold off their Pharma, but held onto their energy portfolio's. Buffet, bought up the Pharma, and sold off his energy portfolio's...

    I am not really sure what to make of the deals, other than it seems like these two giants are not leaving much to chance - they seem to be making things happen that support their "predictions".

    Joe, I am not sure profits are up too high, quite a few of these companies have been "caught" lately. J&J has this big whistleblower case to deal with.

    Hope Warren hold's them accountable to behave more ethically, and bring the right cures to the market.

  4. How does anyone by anyone else's holdings, even folks as big as these? Don't they simply revert back to the market?

  5. They actually do not buy each others holdings, but with the amount of shares being sold, or bought, such as in these two cases, stock market prices are affected

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