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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
+9.27%
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
$47.8B
AUM Growth
+$5.97B
(+14%)
Cap. Flow
+$2.55B
Cap. Flow
% of AUM
5.33%
Top 10 Holdings %
Top 10 Hldgs %
96.19%
Holding
25
New
–
Increased
1
Reduced
1
Closed
–
Avg Time Held
25.4
quarters
Top 10 Avg Time Held
33.2
quarters
Top 20 Avg Time Held
29.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$3.53B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$984M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 39.57% |
| 2 | Technology | 27.27% |
| 3 | Financials | 24.53% |
| 4 | Consumer Staples | 3.64% |
| 5 | Materials | 2.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$4.02T
| $13B | 27.27% |
26,191,207
-2,266,040
| -8% | -$984M |
2021 Q3
15 quarters
|
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.11T
| $11.7B | 24.53% |
24,123,684
+6,951,249
| +40% | +$3.53B |
2013 Q2
48 quarters
|
|
3
Waste Management
WM
$84.4B
| $7.38B | 15.44% |
32,234,344
| – | – |
2013 Q2
48 quarters
|
|
4
Canadian National Railway
CNI
$71.6B
| $5.7B | 11.94% |
54,826,786
| – | – |
2013 Q2
48 quarters
|
|
5
Caterpillar
CAT
$367B
| $2.85B | 5.97% |
7,353,614
| – | – |
2013 Q2
48 quarters
|
|
6
Deere & Co
DE
$171B
| $1.81B | 3.79% |
3,557,378
| – | – |
2021 Q3
15 quarters
|
|
7
Ecolab
ECL
$79.7B
| $1.41B | 2.94% |
5,218,044
| – | – |
2013 Q2
48 quarters
|
|
8
Walmart Inc
WMT
$897B
| $889M | 1.86% |
9,090,477
| – | – |
2013 Q2
48 quarters
|
|
9
Coca-Cola Femsa
KOF
$24B
| $601M | 1.26% |
6,214,719
| – | – |
2013 Q2
48 quarters
|
|
10
FedEx
FDX
$69.2B
| $576M | 1.21% |
2,534,362
| – | – |
2013 Q2
48 quarters
|
|
11
Waste Connections
WCN
$38.7B
| $401M | 0.84% |
2,149,175
| – | – |
2022 Q3
11 quarters
|
|
12
Coupang
CPNG
$27.5B
| $277M | 0.58% |
9,248,045
| – | – |
2021 Q1
17 quarters
|
|
13
Crown Castle
CCI
$34.5B
| $146M | 0.31% |
1,420,072
| – | – |
2013 Q2
48 quarters
|
|
14
Schrodinger
SDGR
$1.94B
| $140M | 0.29% |
6,981,664
| – | – |
2020 Q1
21 quarters
|
|
15
Madison Square Garden
MSGS
$9.71B
| $124M | 0.26% |
592,406
| – | – |
2021 Q3
15 quarters
|
|
16
AB InBev
BUD
$154B
| $117M | 0.24% |
1,703,000
| – | – |
2023 Q2
8 quarters
|
|
17
McDonald's
MCD
$167B
| $97.8M | 0.2% |
334,900
| – | – |
2024 Q4
2 quarters
|
|
18
West Pharmaceutical
WST
$25.9B
| $97.3M | 0.2% |
444,500
| – | – |
2025 Q1
1 quarter
|
|
19
PACCAR
PCAR
$56.9B
| $95.1M | 0.2% |
1,000,000
| – | – |
2024 Q3
3 quarters
|
|
20
United Parcel Service
UPS
$81.1B
| $76.2M | 0.16% |
755,089
| – | – |
2014 Q4
42 quarters
|
|
21
Danaher
DHR
$156B
| $73.7M | 0.15% |
373,000
| – | – |
2022 Q4
10 quarters
|
|
22
The Kraft Heinz Company
KHC
$26.6B
| $67.7M | 0.14% |
2,622,600
| – | – |
2022 Q3
11 quarters
|
|
23
Hormel Foods
HRL
$10.6B
| $66.4M | 0.14% |
2,195,290
| – | – |
2022 Q4
10 quarters
|
|
24
On Holding
ONON
$11.8B
| $26M | 0.05% |
500,000
| – | – |
2021 Q3
15 quarters
|
|
25
Veralto
VLTO
$23.9B
| $12.6M | 0.03% |
124,333
| – | – |
2023 Q4
6 quarters
|
|
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Gates Foundation Trust's Q2 2025 Portfolio in Review
As of Q2 2025, Gates Foundation Trust held 25 positions worth $47.8B, up 14% from $41.8B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Gates Foundation Trust deployed $2.55B of net new capital in Q2 2025, adding to 1 existing holding.
By sector, the portfolio is most concentrated in Industrials at 40% of assets, down from 43% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Microsoft, an estimated $984M trimmed.
- Gates Foundation Trust added most to Berkshire Hathaway Class B in Q2 2025, an estimated $3.53B increase.
- Gates Foundation Trust's biggest Q2 2025 reduction was Microsoft, cutting an estimated $984M.
- Gates Foundation Trust's ten largest holdings make up 96% of its $47.8B portfolio in Q2 2025.
- Gates Foundation Trust opened 0 new positions and closed 0 in Q2 2025.
- Gates Foundation Trust's portfolio value rose 14% quarter-over-quarter to $47.8B.
Based on Gates Foundation Trust's 13F filing for Q2 2025, filed 14 Aug 2025.