管理人记录 · ✦ 精选

Gates Foundation Trust

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

Concentrated endowment portfolio.

$34.42B13F报告持仓市值

24持仓明细

94.9%前十大权重

6.50有效持仓

4.3%预计换手率

+2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 65.5% (+3.9pp)

金融服务 21.4% (-4.4pp)

必选消费 5.4% (-0.5pp)

基础材料 4.2% (-0.2pp)

可选消费 1.8% (+0.9pp)

医疗保健 0.7% (+0.1pp)

通信服务 0.7% (+0.1pp)

科技 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 2026

#	证券	权重	价值	股份	Δ股份		持有
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	新增	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	新增	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+

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
HD The Home Depot, Inc.	1.00M	—	新增	$352.68M	1.0%
FDXF FedEx Freight Holding…	1.19M	—	新增	$180.02M	0.5%

持仓持有时长

20–1 季度

35–8 季度

199+ 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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