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.

$31.67B13F报告持仓市值

22持仓明细

96.5%前十大权重

6.10有效持仓

5.3%预计换手率

+0新增

−1清仓

申报的13F投资组合价值仅涵盖美国应申报多头仓位，不含现金、债券、空头仓位或非美国持仓，不等同于管理规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

工业 61.6% (+10.9pp)

金融服务 25.8% (-1.8pp)

必选消费 5.9% (+1.0pp)

基础材料 4.4% (+0.5pp)

可选消费 0.9% (-0.1pp)

医疗保健 0.6% (+0.0pp)

通信服务 0.6% (+0.2pp)

科技 0.3% (-10.6pp)

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q1 2026

#	证券	权重	价值	股份	Δ股份		持有
1	BRK-B Berkshire Hathaway Inc.	25.8%	$8.17B	17.05M	-12.2%	▼ Trim	8
2	WM Waste Management, Inc.	20.1%	$6.35B	27.64M	-4.5%	▼ Trim	8
3	CNI Canadian National Railway…	16.8%	$5.33B	51.83M	0.0%	Held	8
4	CAT Caterpillar Inc.	14.2%	$4.50B	6.35M	0.0%	Held	8
5	DE Deere & Company	6.3%	$2.00B	3.56M	0.0%	Held	8
6	ECL Ecolab Inc.	4.4%	$1.39B	5.22M	0.0%	Held	8
7	WMT Walmart Inc.	3.3%	$1.04B	8.39M	0.0%	Held	8
8	FDX FedEx Corporation	2.7%	$849.26M	2.38M	0.0%	Held	8
9	KOF Coca-Cola FEMSA, S.A.B. de…	1.9%	$606.25M	6.21M	0.0%	Held	8
10	WCN Waste Connections, Inc.	1.0%	$331.24M	2.04M	0.0%	Held	8
11	MSGS Madison Square Garden…	0.6%	$190.40M	592.41K	0.0%	Held	8
12	CPNG Coupang, Inc.	0.6%	$174.60M	9.25M	0.0%	Held	8
13	BUD Anheuser-Busch InBev SA/NV	0.4%	$118.14M	1.70M	0.0%	Held	8
14	PCAR PACCAR Inc	0.4%	$115.50M	1.00M	0.0%	Held	7
15	WST West Pharmaceutical…	0.4%	$111.41M	444.50K	0.0%	Held	5
16	MCD McDonald's Corporation	0.3%	$104.08M	334.90K	0.0%	Held	6
17	SDGR Schrödinger, Inc.	0.2%	$79.31M	6.98M	0.0%	Held	8
18	DHR Danaher Corporation	0.2%	$70.72M	373.00K	0.0%	Held	8
19	KHC The Kraft Heinz Company	0.2%	$55.61M	2.47M	0.0%	Held	8
20	HRL Hormel Foods Corporation	0.1%	$47.23M	2.09M	0.0%	Held	8
21	ONON On Holding AG	0.1%	$17.01M	500.00K	0.0%	Held	8
22	VLTO Veralto Corporation	0.0%	$10.99M	124.33K	0.0%	Held	8

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.	17.05M	19.41M	-12.2%	$8.17B	25.8%	●●●○○○
WM Waste Management, Inc.	27.64M	28.93M	-4.5%	$6.35B	20.1%

证券	股份	上期	变动	价值	权重	连续记录
MSFT Microsoft Corporation	n/a	7.69M	退出	$3.72B	10.5%

持仓持有时长

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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