GATES FOUNDATION TRUST
Institutional investor · Portfolio as of Q3 2025
Top Holdings23 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC-CL B | 21.8M | $10.9B | 29.9% | $350.73 | +42.35% | 28 qtrssince 2018-Q4 | Decreased 0 |
WASTE MANAGEMENT INC | 28.9M | $6.4B | 17.5% | $113.94 | +91.84% | 28 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATL RAILWAY CO | 51.8M | $4.9B | 13.4% | $93.38 | -0.19% | 28 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 9.2M | $4.8B | 13.0% | $232.38 | +121.04% | 17 qtrssince 2021-Q3 | Decreased 0 |
CATERPILLAR INC | 6.4M | $3B | 8.3% | $108.41 | +336.20% | 28 qtrssince 2018-Q4 | Decreased 0 |
DEERE AND CO | 3.6M | $1.6B | 4.4% | $327.29 | +41.24% | 17 qtrssince 2021-Q3 | Unchanged 0 |
ECOLAB INC | 5.2M | $1.4B | 3.9% | $135.19 | +101.30% | 28 qtrssince 2018-Q4 | Unchanged 0 |
WALMART INC | 8.4M | $864.7M | 2.4% | $48.64 | +111.50% | 28 qtrssince 2018-Q4 | Decreased 0 |
FEDEX CORP | 2.4M | $562.3M | 1.5% | $188.12 | +25.12% | 28 qtrssince 2018-Q4 | Decreased 0 |
COCA-COLA FEMSA SAB-SP ADR | 6.2M | $516.4M | 1.4% | $46.13 | +81.14% | 28 qtrssince 2018-Q4 | Unchanged 0 |
WASTE CONNECTIONS INC | 2M | $358.5M | 1.0% | $131.44 | +32.89% | 13 qtrssince 2022-Q3 | Decreased 0 |
COUPANG INC | 9.2M | $297.8M | 0.8% | $36.35 | -9.69% | 19 qtrssince 2021-Q1 | Unchanged 0 |
SCHRODINGER INC | 7M | $140.1M | 0.4% | $53.54 | -62.57% | 23 qtrssince 2020-Q1 | Unchanged 0 |
MADISON SQUARE GARDEN SPORTS | 592,406 | $134.5M | 0.4% | $161.34 | +42.57% | 17 qtrssince 2021-Q3 | Unchanged 0 |
WEST PHARMACEUTICAL SERVICES | 444,500 | $116.6M | 0.3% | $222.78 | +17.39% | 3 qtrssince 2025-Q1 | Unchanged 0 |
MCDONALDS CORP | 334,900 | $101.8M | 0.3% | $283.00 | +6.42% | 4 qtrssince 2024-Q4 | Unchanged 0 |
ANHEUSER-BUSCH INBEV-SPN ADR | 1.7M | $101.5M | 0.3% | $54.14 | +8.50% | 10 qtrssince 2023-Q2 | Unchanged 0 |
PACCAR INC | 1M | $98.3M | 0.3% | $92.46 | +3.77% | 5 qtrssince 2024-Q3 | Unchanged 0 |
DANAHER CORP | 373,000 | $74M | 0.2% | $231.78 | -19.84% | 12 qtrssince 2022-Q4 | Unchanged 0 |
KRAFT HEINZ CO/THE | 2.5M | $64.4M | 0.2% | $28.60 | -11.54% | 13 qtrssince 2022-Q3 | Decreased 0 |
GATES FOUNDATION TRUST manages $36.6B across 23 positions as of Q3 2025. Top holdings: BRK/B (29.9%), WM (17.5%), CNI (13.4%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 4.5/5.0.
Exited 2, trimmed 10. No standout high-conviction moves this quarter. Portfolio: $36.6B across 23 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
No active accumulation streaks detected for this filer.
Streaks require 2+ consecutive quarters of increased positions in the most recent period.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer