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Gates Foundation Trust Portfolio holdings
AUM
$31.7B
1-Year Est. Return
20.52%
This Fund
S&P 500
This Quarter
Est. Return
+13.68%
1 Year Est. Return
+20.52%
3 Year Est. Return
+66.11%
5 Year Est. Return
+94.75%
10 Year Est. Return
+335.65%
AUM
$42.3B
AUM Growth
+$3.37B
(+8.7%)
Cap. Flow
-$1.6B
Cap. Flow
% of AUM
-3.79%
Top 10 Holdings %
Top 10 Hldgs %
96.39%
Holding
75
New
1
Increased
–
Reduced
4
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veralto
VLTO
|
+$9.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$917M |
| 2 |
Microsoft
MSFT
|
+$383M |
| 3 |
Deere & Co
DE
|
+$136M |
| 4 |
Danaher
DHR
|
+$10.2M |
| 5 |
Apple
AAPL
|
+$9.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 41.7% |
| 2 | Technology | 33.98% |
| 3 | Financials | 16.8% |
| 4 | Consumer Staples | 3.18% |
| 5 | Materials | 2.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Adobe
ADBE
$104B
| – | – |
-5,485
| Closed | -$2.8M |
|
27
Applied Materials
AMAT
$358B
| – | – |
-22,800
| Closed | -$3.16M |
|
28
Amgen
AMGN
$212B
| – | – |
-11,050
| Closed | -$2.97M |
|
29
Ameriprise Financial
AMP
$48.2B
| – | – |
-12,400
| Closed | -$4.09M |
|
30
American Tower
AMT
$81.6B
| – | – |
-11,000
| Closed | -$1.81M |
|
31
Amazon
AMZN
$2.45T
| – | – |
-44,000
| Closed | -$5.59M |
|
32
Broadcom
AVGO
$1.79T
| – | – |
-65,000
| Closed | -$5.4M |
|
33
Booking.com
BKNG
$154B
| – | – |
-41,250
| Closed | -$5.09M |
|
34
Chubb
CB
$141B
| – | – |
-10,250
| Closed | -$2.13M |
|
35
Cisco
CSCO
$456B
| – | – |
-62,000
| Closed | -$3.33M |
|
36
CVS Health
CVS
$138B
| – | – |
-32,500
| Closed | -$2.27M |
|
37
Chevron
CVX
$383B
| – | – |
-21,500
| Closed | -$3.63M |
|
38
Walt Disney
DIS
$172B
| – | – |
-16,800
| Closed | -$1.36M |
|
39
Elevance Health
ELV
$83.1B
| – | – |
-8,500
| Closed | -$3.7M |
|
40
Eastman Chemical
EMN
$7.68B
| – | – |
-25,000
| Closed | -$1.92M |
|
41
Eaton
ETN
$142B
| – | – |
-26,100
| Closed | -$5.57M |
|
42
Alphabet (Google) Class C
GOOG
$4.06T
| – | – |
-14,000
| Closed | -$1.85M |
|
|
43
Alphabet (Google) Class A
GOOGL
$4.08T
| – | – |
-38,400
| Closed | -$5.03M |
|
44
Goldman Sachs
GS
$292B
| – | – |
-7,060
| Closed | -$2.28M |
|
45
Home Depot
HD
$338B
| – | – |
-5,692
| Closed | -$1.72M |
|
46
iShares US Technology ETF
IYW
$22.8B
| – | – |
-57,600
| Closed | -$6.04M |
|
47
Johnson & Johnson
JNJ
$644B
| – | – |
-14,945
| Closed | -$2.33M |
|
48
JPMorgan Chase
JPM
$930B
| – | – |
-29,600
| Closed | -$4.29M |
|
49
Invesco KBW Bank ETF
KBWB
$6.81B
| – | – |
-50,270
| Closed | -$2.01M |
|
50
Lockheed Martin
LMT
$133B
| – | – |
-5,900
| Closed | -$2.41M |
|
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GAM
Gates Foundation Trust's Q4 2023 Portfolio in Review
As of Q4 2023, Gates Foundation Trust held 75 positions worth $42.3B, up 8.7% from $38.9B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Gates Foundation Trust withdrew a net $1.6B in Q4 2023, closing 51 positions and reducing 4 holdings. Its most notable exit was Apple, an estimated $9.04M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 42% of assets, up from 40% a quarter earlier, followed by Technology and Financials.
Against the trend, Gates Foundation Trust opened a new position in Veralto worth $10.2M.
- Gates Foundation Trust's largest Q4 2023 buy was Veralto: 124,333 shares worth $10.2M.
- Gates Foundation Trust's biggest Q4 2023 reduction was Berkshire Hathaway Class B, cutting an estimated $917M.
- Gates Foundation Trust fully exited Apple in Q4 2023, selling an estimated $9.04M.
- Gates Foundation Trust's ten largest holdings make up 96% of its $42.3B portfolio in Q4 2023.
- Gates Foundation Trust opened 1 new position and closed 51 in Q4 2023.
- Gates Foundation Trust's portfolio value rose 8.7% quarter-over-quarter to $42.3B.
Based on Gates Foundation Trust's 13F filing for Q4 2023, filed 14 Feb 2024.