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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
+6.01%
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
$31.7B
AUM Growth
-$3.69B
(-10%)
Cap. Flow
-$5.17B
Cap. Flow
% of AUM
-16.34%
Top 10 Holdings %
Top 10 Hldgs %
96.54%
Holding
23
New
–
Increased
–
Reduced
2
Closed
1
Avg Time Held
27
quarters
Top 10 Avg Time Held
34.4
quarters
Top 20 Avg Time Held
26.6
quarters
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$3.72B |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$1.16B |
| 3 |
Waste Management
WM
|
+$297M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 61.55% |
| 2 | Financials | 25.8% |
| 3 | Consumer Staples | 5.91% |
| 4 | Materials | 4.38% |
| 5 | Consumer Discretionary | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.11T
| $8.17B | 25.8% |
17,048,304
-2,358,460
| -12% | -$1.16B |
2013 Q2
51 quarters
|
|
|
2
Waste Management
WM
$84.1B
| $6.35B | 20.06% |
27,642,344
-1,292,000
| -4% | -$297M |
2013 Q2
51 quarters
|
|
3
Canadian National Railway
CNI
$71.2B
| $5.33B | 16.82% |
51,826,786
| – | – |
2013 Q2
51 quarters
|
|
4
Caterpillar
CAT
$357B
| $4.5B | 14.22% |
6,353,614
| – | – |
2013 Q2
51 quarters
|
|
5
Deere & Co
DE
$172B
| $2B | 6.33% |
3,557,378
| – | – |
2021 Q3
18 quarters
|
|
6
Ecolab
ECL
$79.6B
| $1.39B | 4.38% |
5,218,044
| – | – |
2013 Q2
51 quarters
|
|
7
Walmart Inc
WMT
$905B
| $1.04B | 3.29% |
8,390,477
| – | – |
2013 Q2
51 quarters
|
|
8
FedEx
FDX
$69B
| $849M | 2.68% |
2,384,362
| – | – |
2013 Q2
51 quarters
|
|
9
Coca-Cola Femsa
KOF
$24.2B
| $606M | 1.91% |
6,214,719
| – | – |
2013 Q2
51 quarters
|
|
10
Waste Connections
WCN
$38.5B
| $331M | 1.05% |
2,039,175
| – | – |
2022 Q3
14 quarters
|
|
11
Madison Square Garden
MSGS
$9.77B
| $190M | 0.6% |
592,406
| – | – |
2021 Q3
18 quarters
|
|
12
Coupang
CPNG
$27.4B
| $175M | 0.55% |
9,248,045
| – | – |
2021 Q1
20 quarters
|
|
13
AB InBev
BUD
$155B
| $118M | 0.37% |
1,703,000
| – | – |
2023 Q2
11 quarters
|
|
14
PACCAR
PCAR
$56.3B
| $116M | 0.36% |
1,000,000
| – | – |
2024 Q3
6 quarters
|
|
15
West Pharmaceutical
WST
$25.9B
| $111M | 0.35% |
444,500
| – | – |
2025 Q1
4 quarters
|
|
16
McDonald's
MCD
$167B
| $104M | 0.33% |
334,900
| – | – |
2024 Q4
5 quarters
|
|
17
Schrodinger
SDGR
$1.92B
| $79.3M | 0.25% |
6,981,664
| – | – |
2020 Q1
24 quarters
|
|
18
Danaher
DHR
$155B
| $70.7M | 0.22% |
373,000
| – | – |
2022 Q4
13 quarters
|
|
19
The Kraft Heinz Company
KHC
$26.7B
| $55.6M | 0.18% |
2,472,600
| – | – |
2022 Q3
14 quarters
|
|
20
Hormel Foods
HRL
$10.5B
| $47.2M | 0.15% |
2,085,290
| – | – |
2022 Q4
13 quarters
|
|
21
On Holding
ONON
$11.8B
| $17M | 0.05% |
500,000
| – | – |
2021 Q3
18 quarters
|
|
22
Veralto
VLTO
$24B
| $11M | 0.03% |
124,333
| – | – |
2023 Q4
9 quarters
|
|
|
23
Microsoft
MSFT
$4.08T
| – | – |
-7,691,207
| Closed | -$3.72B | – |
|
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Gates Foundation Trust's Q1 2026 Portfolio in Review
As of Q1 2026, Gates Foundation Trust held 23 positions worth $31.7B, down 10% from $35.4B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Gates Foundation Trust withdrew a net $5.17B in Q1 2026, closing 1 position and reducing 2 holdings. Its most notable exit was Microsoft, an estimated $3.72B position sold in full.
By sector, the portfolio is most concentrated in Industrials at 62% of assets, up from 51% a quarter earlier, followed by Financials and Consumer Staples.
- Gates Foundation Trust's biggest Q1 2026 reduction was Berkshire Hathaway Class B, cutting an estimated $1.16B.
- Gates Foundation Trust fully exited Microsoft in Q1 2026, selling an estimated $3.72B.
- Gates Foundation Trust's ten largest holdings make up 97% of its $31.7B portfolio in Q1 2026.
- Gates Foundation Trust opened 0 new positions and closed 1 in Q1 2026.
- Gates Foundation Trust's portfolio value fell 10% quarter-over-quarter to $31.7B.
Based on Gates Foundation Trust's 13F filing for Q1 2026, filed 15 May 2026.