Period over period

Gates Foundation Trust

2026 Q1 2025 Q4 1 exit 2 reduces AUM -10.4%

Change periods

Gates Foundation Trust · 2026 Q1 vs 2025 Q4

Q4 2025 Q1 2026

later 2026 Q1 $31.7B 22 holdings · filed 15 May

earlier 2025 Q4 $35.4B 23 holdings · filed 17 Feb

Δ book −$3.7B -10.4%

activity manager grid full book

New / Exit first · then largest |Δ port| · signal floor

show all

ticker	action	Δ port	Δ value	shares	issuer
MSFT	Exit	-10.52 pp 10.5% → 0.0%	−$3.7B	7,691,207	Microsoft Corp.
WM	Reduce	+2.08 pp 18.0% → 20.1%	−$5M	-4.5%	Waste Mgmt Inc. Del
BRK.B	Reduce	-1.79 pp 27.6% → 25.8%	−$1.6B	-12.2%	Berkshire Hathaway Inc. Del

3 signal moves · sorted New / Exit first

full book including unchanged · exportable


			Shares				Value
Ticker	Issuer name	Class	Q1 2026	Q4 2025	Diff	Chg %	Q1 2026	Q4 2025	Diff	Chg %	ID