Gates Foundation Trust
Net seller this quarter
$34.4B
24
-$1.03B
94.9%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 BRK.B | $7.35B | 21.35% | Not reported | -13.8% | Q2 2013 |
 CAT | $6.77B | 19.65% | 1.38% | Not reported | Q2 2013 |
 CNI | $6.18B | 17.95% | 8.45% | Not reported | Q2 2013 |
 WM | $5.96B | 17.30% | 6.68% | -3.3% | Q2 2013 |
 DE | $2.26B | 6.56% | 1.32% | Not reported | Q3 2021 |
 ECL | $1.45B | 4.22% | 1.86% | Not reported | Q2 2013 |
 WMT | $950M | 2.76% | 0.11% | Not reported | Q2 2013 |
 FDX | $747M | 2.17% | 1.00% | Not reported | Q2 2013 |
 KOF | $660M | 1.92% | Not reported | Not reported | Q2 2013 |
 HD | $353M | 1.02% | 0.10% | Not reported | Q3 2023 |
 WCN | $340M | 0.99% | 0.81% | Not reported | Q3 2022 |
 MSGS | $238M | 0.69% | 2.38% | Not reported | Q3 2021 |
 FDXF | $180M | 0.52% | 0.80% | New | Q2 2026 |
 CPNG | $161M | 0.47% | Not reported | Not reported | Q1 2021 |
 WST | $160M | 0.46% | 0.63% | Not reported | Q1 2025 |
 BUD | $140M | 0.41% | 0.09% | Not reported | Q2 2023 |
 PCAR | $120M | 0.35% | 0.19% | Not reported | Q3 2024 |
 SDGR | $113M | 0.33% | 11.09% | Not reported | Q1 2020 |
 MCD | $90.5M | 0.26% | 0.05% | Not reported | Q2 2013 |
 DHR | $71M | 0.21% | 0.05% | Not reported | Q4 2022 |
 KHC | $58.4M | 0.17% | 0.21% | Not reported | Q3 2022 |
 HRL | $51.8M | 0.15% | Not reported | Not reported | Q4 2022 |
 ONON | $17.7M | 0.05% | 0.17% | Not reported | Q3 2021 |
 VLTO | $11M | 0.03% | 0.05% | Not reported | Q4 2023 |
| Q1 2026 | |||||
| BRK.B | $8.17B | 25.80% | Not reported | -12.2% | Q2 2013 |
| WM | $6.35B | 20.06% | 6.87% | -4.5% | Q2 2013 |
| CNI | $5.33B | 16.82% | 8.45% | Not reported | Q2 2013 |
| CAT | $4.5B | 14.22% | 1.38% | Not reported | Q2 2013 |
| DE | $2B | 6.33% | 1.32% | Not reported | Q3 2021 |
| ECL | $1.39B | 4.38% | 1.85% | Not reported | Q2 2013 |
| WMT | $1.04B | 3.29% | 0.11% | Not reported | Q2 2013 |
| FDX | $849M | 2.68% | 1.00% | Not reported | Q2 2013 |
| KOF | $606M | 1.91% | Not reported | Not reported | Q2 2013 |
| WCN | $331M | 1.05% | 0.80% | Not reported | Q3 2022 |
| MSGS | $190M | 0.60% | 2.38% | Not reported | Q3 2021 |
| CPNG | $175M | 0.55% | Not reported | Not reported | Q1 2021 |
| BUD | $118M | 0.37% | 0.09% | Not reported | Q2 2023 |
| PCAR | $116M | 0.36% | 0.19% | Not reported | Q3 2024 |
| WST | $111M | 0.35% | 0.63% | Not reported | Q1 2025 |
| MCD | $104M | 0.33% | 0.05% | Not reported | Q2 2013 |
| SDGR | $79.3M | 0.25% | 11.09% | Not reported | Q1 2020 |
| DHR | $70.7M | 0.22% | 0.05% | Not reported | Q4 2022 |
| KHC | $55.6M | 0.18% | 0.21% | Not reported | Q3 2022 |
| HRL | $47.2M | 0.15% | Not reported | Not reported | Q4 2022 |
| ONON | $17M | 0.05% | 0.17% | Not reported | Q3 2021 |
| VLTO | $11M | 0.03% | 0.05% | Not reported | Q4 2023 |
| Q4 2025 | |||||
| BRK.B | $9.75B | 27.59% | Not reported | -10.8% | Q2 2013 |
| WM | $6.36B | 17.98% | 7.18% | Not reported | Q2 2013 |
| CNI | $5.12B | 14.49% | 8.45% | Not reported | Q2 2013 |
 MSFT | $3.72B | 10.52% | 0.10% | -16.3% | Q2 2017 |
| CAT | $3.64B | 10.29% | 1.37% | Not reported | Q2 2013 |
| DE | $1.66B | 4.68% | 1.32% | Not reported | Q3 2021 |
| ECL | $1.37B | 3.87% | 1.85% | Not reported | Q2 2013 |
| WMT | $935M | 2.64% | 0.11% | Not reported | Q2 2013 |
| FDX | $689M | 1.95% | 1.01% | Not reported | Q2 2013 |
| KOF | $589M | 1.66% | Not reported | Not reported | Q2 2013 |
| WCN | $358M | 1.01% | 0.80% | Not reported | Q3 2022 |
| CPNG | $218M | 0.62% | Not reported | Not reported | Q1 2021 |
| MSGS | $153M | 0.43% | 2.38% | Not reported | Q3 2021 |
| SDGR | $125M | 0.35% | 11.09% | Not reported | Q1 2020 |
| WST | $122M | 0.35% | 0.62% | Not reported | Q1 2025 |
| PCAR | $110M | 0.31% | 0.19% | Not reported | Q3 2024 |
| BUD | $109M | 0.31% | 0.09% | Not reported | Q2 2023 |
| MCD | $102M | 0.29% | 0.05% | Not reported | Q2 2013 |
| DHR | $85.4M | 0.24% | 0.05% | Not reported | Q4 2022 |
| KHC | $60M | 0.17% | 0.21% | Not reported | Q3 2022 |
| HRL | $49.4M | 0.14% | Not reported | Not reported | Q4 2022 |
| ONON | $23.2M | 0.07% | 0.17% | Not reported | Q3 2021 |
| VLTO | $12.4M | 0.04% | 0.05% | Not reported | Q4 2023 |
| Q3 2025 | |||||
| BRK.B | $10.9B | 29.91% | Not reported | -9.8% | Q2 2013 |
| WM | $6.39B | 17.47% | 7.18% | -10.2% | Q2 2013 |
| CNI | $4.89B | 13.36% | 8.25% | -5.5% | Q2 2013 |
| MSFT | $4.76B | 13.01% | 0.12% | -64.9% | Q2 2017 |
| CAT | $3.03B | 8.29% | 1.36% | -13.6% | Q2 2013 |
| DE | $1.63B | 4.45% | 1.32% | Not reported | Q3 2021 |
| ECL | $1.43B | 3.91% | 1.84% | Not reported | Q2 2013 |
| WMT | $865M | 2.36% | 0.11% | -7.7% | Q2 2013 |
| FDX | $562M | 1.54% | 1.01% | -5.9% | Q2 2013 |
| KOF | $516M | 1.41% | Not reported | Not reported | Q2 2013 |
| WCN | $358M | 0.98% | 0.80% | -5.1% | Q3 2022 |
| CPNG | $298M | 0.81% | Not reported | Not reported | Q1 2021 |
| SDGR | $140M | 0.38% | 11.09% | Not reported | Q1 2020 |
| MSGS | $134M | 0.37% | 2.38% | Not reported | Q3 2021 |
| WST | $117M | 0.32% | 0.62% | Not reported | Q1 2025 |
| MCD | $102M | 0.28% | 0.05% | Not reported | Q2 2013 |
| BUD | $102M | 0.28% | 0.09% | Not reported | Q2 2023 |
| PCAR | $98.3M | 0.27% | 0.19% | Not reported | Q3 2024 |
| DHR | $74M | 0.20% | 0.05% | Not reported | Q4 2022 |
| KHC | $64.4M | 0.18% | 0.21% | -5.7% | Q3 2022 |
| HRL | $51.6M | 0.14% | Not reported | -5.0% | Q4 2022 |
| ONON | $21.2M | 0.06% | 0.17% | Not reported | Q3 2021 |
| VLTO | $13.3M | 0.04% | 0.05% | Not reported | Q4 2023 |