Manager
Gates Foundation Trust
29 processed 13Fs · since 2019 Q1
AUM over time
13F holdings value over time
2026 Q1
$31.7B
-10.4% QoQ
showing latest · scroll left for older quarters · scrub to inspect
max $47.8B
AUM
$31.7B
positions
22
period
2026 Q1
QoQ AUM
-10.4%
qtr moves
3
qoq
E 1
R 2
top 5
83.2%
Portfolio
Latest Disclosed Portfolio
2026 Q1 · filed 5/15/2026 · 22 long positions · top 12 shown
top 5 83.2% · top 10 96.5% · 10 ≥1% · full holdings →
% of full 13F book
- BERKSHIRE HATHAWAY INC DEL - BRK.B 25.8%
- WASTE MGMT INC DEL - WM 20.1%
- CANADIAN NATL RY CO - CNI 16.8%
- CATERPILLAR INC - CAT 14.2%
- DEERE & CO - DE 6.3%
- ECOLAB INC - ECL 4.4%
- WALMART INC - WMT 3.3%
- FEDEX CORP - FDX 2.7%
- COCA-COLA FEMSA SAB DE CV - KOF 1.9%
- WASTE CONNECTIONS INC - WCN 1.0%
- MADISON SQUARE GRDN SPRT COR - MSGS 0.6%
- COUPANG INC - CPNG 0.6%
- Other 2.3%
This quarter
2026 Q1 2025 Q4
- Exit 1
- Reduce 2
this quarter’s activity
2026 Q1 vs 2025 Q4 · filed 5/15/2026 · 3 meaningful
| Action | Issuer | Δ Shares | Δ Value | Δ Port % |
|---|---|---|---|---|
| Exit | MSFT · Microsoft Corp. | -7,691,207 | −$3.7B | -10.52 pp |
| Reduce | WM · Waste Mgmt Inc. Del | -1,292,000 | −$5M | +2.08 pp |
| Reduce | BRK.B · Berkshire Hathaway Inc. Del | -2,358,460 | −$1.6B | -1.79 pp |
filings history
29 periods · normalized AUM · click period for holdings
| Period | Holdings | AUM | QoQ | Form | Filed | Filing ID |
|---|---|---|---|---|---|---|
| 2026 Q1 | 22 | $31.7B | -10.4% | 13F-HR | 5/15/2026 | 000110465926062592 |
| 2025 Q4 | 23 | $35.4B | -3.3% | 13F-HR | 2/17/2026 | 000110465926016458 |
| 2025 Q3 | 23 | $36.6B | -23.4% | 13F-HR | 11/14/2025 | 000110465925112544 |
| 2025 Q2 | 25 | $47.8B | +14.3% | 13F-HR | 8/14/2025 | 000110465925078647 |
| 2025 Q1 | 25 | $41.8B | -0.5% | 13F-HR | 5/15/2025 | 000110465925049456 |
| 2024 Q4 | 24 | $42B | -6.8% | 13F-HR | 2/14/2025 | 000110465925014123 |
| 2024 Q3 | 24 | $45.1B | -5.4% | 13F-HR | 11/14/2024 | 000110465924119000 |
| 2024 Q2 | 23 | $47.7B | +3.9% | 13F-HR | 8/14/2024 | 000110465924089650 |
| 2024 Q1 | 24 | $45.9B | +8.5% | 13F-HR | 5/15/2024 | 000110465924061949 |
| 2023 Q4 | 24 | $42.3B | +8.7% | 13F-HR | 2/14/2024 | 000110465924023662 |
| 2023 Q3 | 74 | $38.9B | -7.5% | 13F-HR | 11/14/2023 | 000110465923118104 |
| 2023 Q2 | 23 | $42.1B | +15.4% | 13F-HR | 8/14/2023 | 000110465923091369 |
| 2023 Q1 | 22 | $36.5B | +2.1% | 13F-HR | 5/15/2023 | 000110465923060842 |
| 2022 Q4 | 23 | $35.7B | +5.1% | 13F-HR | 2/14/2023 | 000110465923021739 |
| 2022 Q3 | 21 | $34B | +92.2% | 13F-HR | 11/14/2022 | 000110465922118573 |
| 2022 Q2 | 20 | $17.7B | -10.5% | 13F-HR | 8/15/2022 | 000110465922091260 |
| 2022 Q1 | 18 | $19.8B | -14.0% | 13F-HR | 5/16/2022 | 000110465922061355 |
| 2021 Q4 | 22 | $23B | -0.9% | 13F-HR | 2/14/2022 | 000110465922022859 |
| 2021 Q3 | 22 | $23.2B | -2.8% | 13F-HR | 11/15/2021 | 000110465921139188 |
| 2021 Q2 | 15 | $23.9B | +13.9% | 13F-HR | 8/16/2021 | 000110465921106341 |
| 2021 Q1 | 17 | $21B | -6.2% | 13F-HR | 5/17/2021 | 000110465921068010 |
| 2020 Q4 | 21 | $22.3B | +1.2% | 13F-HR | 2/12/2021 | 000110465921021959 |
| 2020 Q3 | 24 | $22.1B | +23.6% | 13F-HR | 11/16/2020 | 000110465920125826 |
| 2020 Q2 | 23 | $17.9B | +3.0% | 13F-HR | 8/14/2020 | 000110465920095545 |
| 2020 Q1 | 23 | $17.4B | -18.7% | 13F-HR | 5/15/2020 | 000110465920062657 |
| 2019 Q4 | 16 | $21.4B | +0.6% | 13F-HR | 2/14/2020 | 000110465920021951 |
| 2019 Q3 | 18 | $21.2B | +7.0% | 13F-HR | 11/14/2019 | 000110465919064272 |
| 2019 Q2 | 16 | $19.8B | -5.1% | 13F-HR | 8/14/2019 | 000110465919045945 |
| 2019 Q1 | 18 | $20.9B | — | 13F-HR | 5/15/2019 | 000110465919029714 |