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Gates Foundation Trust Portfolio holdings
AUM
$34.4B
1-Year Est. Return
26.34%
This Fund
S&P 500
This Quarter
Est. Return
+14.54%
1 Year Est. Return
+26.34%
3 Year Est. Return
+71.93%
5 Year Est. Return
+109.95%
10 Year Est. Return
+387.54%
AUM
$34.4B
AUM Growth
+$2.76B
(+8.7%)
Cap. Flow
-$818M
Cap. Flow
% of AUM
-2.38%
Top 10 Holdings %
Top 10 Hldgs %
94.91%
Holding
24
New
2
Increased
–
Reduced
2
Closed
–
Avg Time Held
25.7
quarters
Top 10 Avg Time Held
35.3
quarters
Top 20 Avg Time Held
27.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$325M |
| 2 |
FedEx Freight
FDXF
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$1.13B |
| 2 |
Waste Management
WM
|
+$205M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 65.52% |
| 2 | Financials | 21.35% |
| 3 | Consumer Staples | 5.41% |
| 4 | Materials | 4.22% |
| 5 | Consumer Discretionary | 1.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.11T
| $7.35B | 21.35% |
14,689,844
-2,358,460
| -14% | -$1.13B |
2013 Q2
52 quarters
|
|
2
Caterpillar
CAT
$367B
| $6.77B | 19.65% |
6,353,614
| – | – |
2013 Q2
52 quarters
|
|
3
Canadian National Railway
CNI
$71.6B
| $6.18B | 17.95% |
51,826,786
| – | – |
2013 Q2
52 quarters
|
|
|
4
Waste Management
WM
$84.4B
| $5.96B | 17.3% |
26,720,744
-921,600
| -3% | -$205M |
2013 Q2
52 quarters
|
|
5
Deere & Co
DE
$171B
| $2.26B | 6.56% |
3,557,378
| – | – |
2021 Q3
19 quarters
|
|
6
Ecolab
ECL
$79.7B
| $1.45B | 4.22% |
5,218,044
| – | – |
2013 Q2
52 quarters
|
|
7
Walmart Inc
WMT
$897B
| $950M | 2.76% |
8,390,477
| – | – |
2013 Q2
52 quarters
|
|
8
FedEx
FDX
$69.2B
| $747M | 2.17% |
2,384,362
| – | – |
2013 Q2
52 quarters
|
|
9
Coca-Cola Femsa
KOF
$24B
| $660M | 1.92% |
6,214,719
| – | – |
2013 Q2
52 quarters
|
|
|
10
Home Depot
HD
$290B
| $353M | 1.02% |
+1,000,000
| New | +$325M |
2026 Q2
0 quarters
|
|
11
Waste Connections
WCN
$38.7B
| $340M | 0.99% |
2,039,175
| – | – |
2022 Q3
15 quarters
|
|
12
Madison Square Garden
MSGS
$9.71B
| $238M | 0.69% |
592,406
| – | – |
2021 Q3
19 quarters
|
|
|
13
FedEx Freight
FDXF
$16.9B
| $180M | 0.52% |
+1,192,181
| New | +$195M |
2026 Q2
0 quarters
|
|
14
Coupang
CPNG
$27.5B
| $161M | 0.47% |
9,248,045
| – | – |
2021 Q1
21 quarters
|
|
15
West Pharmaceutical
WST
$25.9B
| $160M | 0.46% |
444,500
| – | – |
2025 Q1
5 quarters
|
|
16
AB InBev
BUD
$154B
| $140M | 0.41% |
1,703,000
| – | – |
2023 Q2
12 quarters
|
|
17
PACCAR
PCAR
$56.9B
| $120M | 0.35% |
1,000,000
| – | – |
2024 Q3
7 quarters
|
|
18
Schrodinger
SDGR
$1.94B
| $113M | 0.33% |
6,981,664
| – | – |
2020 Q1
25 quarters
|
|
19
McDonald's
MCD
$167B
| $90.5M | 0.26% |
334,900
| – | – |
2024 Q4
6 quarters
|
|
20
Danaher
DHR
$156B
| $71M | 0.21% |
373,000
| – | – |
2022 Q4
14 quarters
|
|
21
The Kraft Heinz Company
KHC
$26.6B
| $58.4M | 0.17% |
2,472,600
| – | – |
2022 Q3
15 quarters
|
|
22
Hormel Foods
HRL
$10.6B
| $51.8M | 0.15% |
2,085,290
| – | – |
2022 Q4
14 quarters
|
|
23
On Holding
ONON
$11.8B
| $17.7M | 0.05% |
500,000
| – | – |
2021 Q3
19 quarters
|
|
24
Veralto
VLTO
$23.9B
| $11M | 0.03% |
124,333
| – | – |
2023 Q4
10 quarters
|
|
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Gates Foundation Trust's Q2 2026 Portfolio in Review
As of Q2 2026, Gates Foundation Trust held 24 positions worth $34.4B, up 8.7% from $31.7B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Gates Foundation Trust's Q2 2026 filing shows 2 new and 2 reduced positions. Its largest new stake was Home Depot: 1,000,000 shares worth $353M. The largest sale was Berkshire Hathaway Class B, an estimated $1.13B.
By sector, the portfolio is most concentrated in Industrials at 66% of assets, up from 62% a quarter earlier, followed by Financials and Consumer Staples.
- Gates Foundation Trust's largest Q2 2026 buy was Home Depot: 1,000,000 shares worth $353M.
- Gates Foundation Trust's biggest Q2 2026 reduction was Berkshire Hathaway Class B, cutting an estimated $1.13B.
- Gates Foundation Trust's ten largest holdings make up 95% of its $34.4B portfolio in Q2 2026.
- Gates Foundation Trust opened 2 new positions and closed 0 in Q2 2026.
- Gates Foundation Trust's portfolio value rose 8.7% quarter-over-quarter to $34.4B.
Based on Gates Foundation Trust's 13F filing for Q2 2026, filed 14 Aug 2026.