Gates Foundation Trust
Endowment trust · Kirkland, WA · CIK 1166559 · EDGAR filings ↗
Concentrated endowment portfolio.
Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B Berkshire Hathaway Inc. | 21.4% | $7.35B | 14.69M | -13.8% | ▼ Trim | 9+ |
| 2 | CAT Caterpillar Inc. | 19.7% | $6.77B | 6.35M | 0.0% | Held | 9+ |
| 3 | CNI Canadian National Railway… | 18.0% | $6.18B | 51.83M | 0.0% | Held | 9+ |
| 4 | WM Waste Management, Inc. | 17.3% | $5.96B | 26.72M | -3.3% | ▼ Trim | 9+ |
| 5 | DE Deere & Company | 6.6% | $2.26B | 3.56M | 0.0% | Held | 9+ |
| 6 | ECL Ecolab Inc. | 4.2% | $1.45B | 5.22M | 0.0% | Held | 9+ |
| 7 | WMT Walmart Inc. | 2.8% | $950.31M | 8.39M | 0.0% | Held | 9+ |
| 8 | FDX FedEx Corporation | 2.2% | $746.62M | 2.38M | -19.4% ✂ | ▼ Trim | 9+ |
| 9 | KOF Coca-Cola FEMSA, S.A.B. de… | 1.9% | $660.31M | 6.21M | 0.0% | Held | 9+ |
| 10 | HD The Home Depot, Inc. | 1.0% | $352.68M | 1.00M | New | New | 1 |
| 11 | WCN Waste Connections, Inc. | 1.0% | $339.91M | 2.04M | 0.0% | Held | 9+ |
| 12 | MSGS Madison Square Garden… | 0.7% | $238.05M | 592.41K | 0.0% | Held | 9+ |
| 13 | FDXF FedEx Freight Holding… | 0.5% | $180.02M | 1.19M | New | New | 1 |
| 14 | CPNG Coupang, Inc. | 0.5% | $160.64M | 9.25M | 0.0% | Held | 9+ |
| 15 | WST West Pharmaceutical… | 0.5% | $159.58M | 444.50K | 0.0% | Held | 6 |
| 16 | BUD Anheuser-Busch InBev SA/NV | 0.4% | $140.33M | 1.70M | 0.0% | Held | 9+ |
| 17 | PCAR PACCAR Inc | 0.3% | $120.12M | 1.00M | 0.0% | Held | 8 |
| 18 | SDGR Schrödinger, Inc. | 0.3% | $113.45M | 6.98M | 0.0% | Held | 9+ |
| 19 | MCD McDonald's Corporation | 0.3% | $90.53M | 334.90K | 0.0% | Held | 7 |
| 20 | DHR Danaher Corporation | 0.2% | $71.05M | 373.00K | 0.0% | Held | 9+ |
| 21 | KHC The Kraft Heinz Company | 0.2% | $58.40M | 2.47M | 0.0% | Held | 9+ |
| 22 | HRL Hormel Foods Corporation | 0.1% | $51.76M | 2.09M | 0.0% | Held | 9+ |
| 23 | ONON On Holding AG | 0.1% | $17.71M | 500.00K | 0.0% | Held | 9+ |
| 24 | VLTO Veralto Corporation | 0.0% | $11.03M | 124.33K | 0.0% | Held | 9+ |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| HD The Home Depot, Inc. | 1.00M | — | New | $352.68M | 1.0% | |
| FDXF FedEx Freight Holding… | 1.19M | — | New | $180.02M | 0.5% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| BRK-B Berkshire Hathaway Inc. | 14.69M | 17.05M | -13.8% | $7.35B | 21.4% | ●●●●○○ |
| WM Waste Management, Inc. | 26.72M | 27.64M | -3.3% | $5.96B | 17.3% | ●●○○○○ |
| FDX FedEx Corporation | 2.38M | 2.38M | -19.4% ✂ | $746.62M | 2.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
Consecutive quarters each current position has been reported, within our data window.
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Markel Group | 6 | 4.0% | 0.3265 | Compare ⇄ |
| State Farm Mutual Automobile Insurance… | 5 | 4.0% | 0.2942 | Compare ⇄ |
| Caisse De Depot Et Placement Du Quebec | 18 | 2.5% | 0.2353 | Compare ⇄ |
| Fisher Asset Management | 16 | 1.5% | 0.1302 | Compare ⇄ |
| Baird Financial Group, Inc. | 21 | 1.1% | 0.129 | Compare ⇄ |
| HighTower Advisors, LLC | 23 | 0.7% | 0.1252 | Compare ⇄ |
| 1832 Asset Management L.P. | 13 | 2.1% | 0.1251 | Compare ⇄ |
| Two Sigma Investments | 20 | 0.5% | 0.1247 | Compare ⇄ |
Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology
$34.42B · 24 positions · View original SEC filing ↗
$31.67B · 22 positions · View original SEC filing ↗
$35.36B · 23 positions · View original SEC filing ↗
$36.58B · 23 positions · View original SEC filing ↗
$47.78B · 25 positions · View original SEC filing ↗
$41.81B · 25 positions · View original SEC filing ↗
$42.02B · 24 positions · View original SEC filing ↗
$45.09B · 24 positions · View original SEC filing ↗
$47.67B · 23 positions · View original SEC filing ↗