管理人记录 · ✦ 精选 · 已归档季度

Gates Foundation Trust

Endowment trust · Kirkland, WA · CIK 1166559 · EDGAR 文件 ↗

Concentrated endowment portfolio.

$47.78B13F报告持仓市值

25持仓明细

96.2%前十大权重

5.60有效持仓

0.4%预计换手率

+0新增

−0清仓

13F报告持仓市值仅涵盖美国可报告的多头头寸——不含现金、债券、空头或非美国持仓，并非管理资产规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

工业 39.6% (-3.8pp)

科技 27.6% (+1.7pp)

金融服务 24.5% (+2.6pp)

必选消费 3.6% (-0.3pp)

基础材料 2.9% (-0.3pp)

可选消费 0.8% (+0.0pp)

医疗保健 0.4% (+0.0pp)

房地产 0.3% (-0.1pp)

通信服务 0.3% (+0.0pp)

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q2 2025

#	证券	权重	价值	股份	Δ股份		持有
1	MSFT Microsoft Corporation	27.3%	$13.03B	26.19M	-8.0%	▼ Trim	5
2	BRK-B Berkshire Hathaway Inc.	24.5%	$11.72B	24.12M	+40.5%	▲ Add	5
3	WM Waste Management, Inc.	15.4%	$7.38B	32.23M	0.0%	Held	5
4	CNI Canadian National Railway…	11.9%	$5.70B	54.83M	0.0%	Held	5
5	CAT Caterpillar Inc.	6.0%	$2.85B	7.35M	0.0%	Held	5
6	DE Deere & Company	3.8%	$1.81B	3.56M	0.0%	Held	5
7	ECL Ecolab Inc.	2.9%	$1.41B	5.22M	0.0%	Held	5
8	WMT Walmart Inc.	1.9%	$888.87M	9.09M	0.0%	Held	5
9	KOF Coca-Cola FEMSA, S.A.B. de…	1.3%	$601.15M	6.21M	0.0%	Held	5
10	FDX FedEx Corporation	1.2%	$576.09M	2.53M	0.0%	Held	5
11	WCN Waste Connections, Inc.	0.8%	$401.29M	2.15M	0.0%	Held	5
12	CPNG Coupang, Inc.	0.6%	$277.07M	9.25M	0.0%	Held	5
13	CCI Crown Castle Inc.	0.3%	$145.88M	1.42M	0.0%	Held	5
14	SDGR Schrödinger, Inc.	0.3%	$140.47M	6.98M	0.0%	Held	5
15	MSGS Madison Square Garden…	0.3%	$123.78M	592.41K	0.0%	Held	5
16	BUD Anheuser-Busch InBev SA/NV	0.2%	$117.03M	1.70M	0.0%	Held	5
17	MCD McDonald's Corporation	0.2%	$97.85M	334.90K	0.0%	Held	3
18	WST West Pharmaceutical…	0.2%	$97.26M	444.50K	0.0%	Held	2
19	PCAR PACCAR Inc	0.2%	$95.06M	1.00M	0.0%	Held	4
20	UPS United Parcel Service, Inc.	0.2%	$76.22M	755.09K	0.0%	Held	5
21	DHR Danaher Corporation	0.2%	$73.68M	373.00K	0.0%	Held	5
22	KHC The Kraft Heinz Company	0.1%	$67.72M	2.62M	0.0%	Held	5
23	HRL Hormel Foods Corporation	0.1%	$66.41M	2.20M	0.0%	Held	5
24	ONON On Holding AG	0.1%	$26.02M	500.00K	0.0%	Held	5
25	VLTO Veralto Corporation	0.0%	$12.55M	124.33K	0.0%	Held	5

仅含普通股（SH）持仓；期权行显示于"期权"标签页，且不作净额处理。✂ = 变动基于拆股调整后的前期持股数计算。"持有 N+ 季度"= 在我们的数据窗口内每季度均有持仓，实际持有时间可能更长。

证券	股份	上期	变动	价值	权重	连续记录
BRK-B Berkshire Hathaway Inc.	24.12M	17.17M	+40.5%	$11.72B	24.5%

证券	股份	上期	变动	价值	权重	连续记录
MSFT Microsoft Corporation	26.19M	28.46M	-8.0%	$13.03B	27.3%

持仓持有时长

32–4 季度

225–8 季度

当前各持仓在我们数据窗口内已连续报告的季度数。

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