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Gates Foundation Trust

Kirkland, WA 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $34.4B
  • 24 holdings
  • 2026 Q2
  • +8.7% QoQ
  • Top 5 82.8%

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 24 holdings

Top 5 82.8%, top 10 94.9%

  1. BRK.B, Berkshire Hathaway 21.3%
  2. CAT, Caterpillar 19.7%
  3. CNI, Canadian National Railway 17.9%
  4. WM, Waste Management 17.3%
  5. DE, Deere 6.6%
  6. ECL, Ecolab 4.2%
  7. WMT, Walmart 2.8%
  8. FDX, FedEx 2.2%
  9. KOF 1.9%
  10. HD, Home Depot 1.0%
  11. WCN, Waste Connections 1.0%
  12. MSGS, MSG Sports 0.7%
  13. Other 3.4%

AUM over time

2026 Q2 $34.4B +8.7% QoQ
2021 Q3: $23.2B 2021 Q3: $23.2B
Q3 2021
2021 Q4: $23B, −0.9% QoQ 2021 Q4: $23B, −0.9% QoQ
Q4
2022 Q1: $19.8B, −14.0% QoQ 2022 Q1: $19.8B, −14.0% QoQ
Q1 2022
2022 Q2: $17.7B, −10.5% QoQ 2022 Q2: $17.7B, −10.5% QoQ
Q2
2022 Q3: $34B, +92.2% QoQ 2022 Q3: $34B, +92.2% QoQ
Q3
2022 Q4: $35.7B, +5.1% QoQ 2022 Q4: $35.7B, +5.1% QoQ
Q4
2023 Q1: $36.5B, +2.1% QoQ 2023 Q1: $36.5B, +2.1% QoQ
Q1 2023
2023 Q2: $42.1B, +15.4% QoQ 2023 Q2: $42.1B, +15.4% QoQ
Q2
2023 Q3: $38.9B, −7.5% QoQ 2023 Q3: $38.9B, −7.5% QoQ
Q3
2023 Q4: $42.3B, +8.7% QoQ 2023 Q4: $42.3B, +8.7% QoQ
Q4
2024 Q1: $45.9B, +8.5% QoQ 2024 Q1: $45.9B, +8.5% QoQ
Q1 2024
2024 Q2: $47.7B, +3.9% QoQ 2024 Q2: $47.7B, +3.9% QoQ
Q2
2024 Q3: $45.1B, −5.4% QoQ 2024 Q3: $45.1B, −5.4% QoQ
Q3
2024 Q4: $42B, −6.8% QoQ 2024 Q4: $42B, −6.8% QoQ
Q4
2025 Q1: $41.8B, −0.5% QoQ 2025 Q1: $41.8B, −0.5% QoQ
Q1 2025
2025 Q2: $47.8B, +14.3% QoQ 2025 Q2: $47.8B, +14.3% QoQ
Q2
2025 Q3: $36.6B, −23.4% QoQ 2025 Q3: $36.6B, −23.4% QoQ
Q3
2025 Q4: $35.4B, −3.3% QoQ 2025 Q4: $35.4B, −3.3% QoQ
Q4
2026 Q1: $31.7B, −10.4% QoQ 2026 Q1: $31.7B, −10.4% QoQ
Q1 2026
2026 Q2: $34.4B, +8.7% QoQ 2026 Q2: $34.4B, +8.7% QoQ
Q2

Book

2023 Q3 2023 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
MSFT, Microsoft 31.88%, was 31.79% Add +0.1% 39,286,170 $315.75 $12.4B +21,500 −$967M
BRK.B, Berkshire Hathaway 20.28%, was 20.38% Reduce −10.4% 22,529,601 $350.30 $7.9B −2,613,252 −$682M
CNI, Canadian National Railway 15.26% Hold 54,826,786 $108.33 $5.9B — —
WM, Waste Management 13.80% Hold 35,234,344 $152.44 $5.4B — —
CAT, Caterpillar 5.16% Hold 7,353,614 $273.00 $2B — —
DE, Deere 3.80% Hold 3,917,693 $377.38 $1.5B — —
ECL, Ecolab 2.27% Hold 5,218,044 $169.40 $884M — —
KOF 1.25% Hold 6,214,719 $78.44 $487M — —
WMT, Walmart 1.25%, was 1.13% Add +0.3% 3,030,159 $159.93 $485M +9,300 +$9.8M
FDX, FedEx 1.04% Hold 1,534,362 $264.92 $406M — —
WCN, Waste Connections 0.74% Hold 2,149,175 $134.30 $289M — —
SDGR, Schrodinger 0.51% Hold 6,981,664 $28.27 $197M — —
CPNG, Coupang 0.40% Hold 9,248,045 $17.00 $157M — —
CCI, Crown Castle 0.34% Hold 1,420,072 $92.03 $131M — —
UPS 0.30% Add +1.9% 755,089 $155.87 $118M +14,400 −$15M
MSGS, MSG Sports 0.27% Hold 592,406 $176.30 $104M — —
BUD, Anheuser-Busch InBev 0.24% Hold 1,703,000 $55.30 $94M — —
DHR, Danaher 0.24% Hold 373,000 $248.10 $93M — —
KHC, Kraft Heinz 0.23% Hold 2,622,600 $33.64 $88M — —
HRL, Hormel Foods 0.21% Hold 2,195,290 $38.03 $83M — —
CVNA, Carvana 0.06% Hold 520,000 $41.98 $22M — —
ONON, On Holding 0.04% Hold 500,000 $27.82 $14M — —
AAPL, Apple 0.02% New 52,815 $171.21 $9M +52,815 +$9M
META, Meta Platforms 0.02% New 27,035 $300.21 $8.1M +27,035 +$8.1M
iShares Trust 0.02% New 57,600 $104.92 $6M +57,600 +$6M
AMZN, Amazon 0.01% New 44,000 $127.12 $5.6M +44,000 +$5.6M
ETN, Eaton 0.01% New 26,100 $213.28 $5.6M +26,100 +$5.6M
AVGO, Broadcom 0.01% New 6,500 $830.58 $5.4M +6,500 +$5.4M
BKNG, Booking Holdings 0.01% New 1,650 $3,084 $5.1M +1,650 +$5.1M
GOOGL, Alphabet Class A 0.01% New 38,400 $130.86 $5M +38,400 +$5M
JPM, JPMorgan Chase 0.01% New 29,600 $145.02 $4.3M +29,600 +$4.3M
ORCL, Oracle 0.01% New 39,800 $105.92 $4.2M +39,800 +$4.2M
AMP, Ameriprise Financial 0.01% New 12,400 $329.68 $4.1M +12,400 +$4.1M
NVDA, Nvidia 0.01% New 9,165 $434.99 $4M +9,165 +$4M
XLK, Select Sector SPDR Trust 0.01% New 24,300 $163.93 $4M +24,300 +$4M
PHM, PulteGroup 0.01% New 53,500 $74.05 $4M +53,500 +$4M
TJX, TJX Companies 0.01% New 42,500 $88.88 $3.8M +42,500 +$3.8M
ELV, Elevance Health 0.01% New 8,500 $435.42 $3.7M +8,500 +$3.7M
CVX, Chevron 0.01% New 21,500 $168.62 $3.6M +21,500 +$3.6M
UL, Unilever 0.01% New 72,610 $49.40 $3.6M +72,610 +$3.6M
PG, Procter & Gamble 0.01% New 22,975 $145.86 $3.4M +22,975 +$3.4M
CSCO, Cisco 0.01% New 62,000 $53.76 $3.3M +62,000 +$3.3M
TT, Trane Technologies 0.01% New 15,900 $202.91 $3.2M +15,900 +$3.2M
V, Visa 0.01% New 14,000 $230.01 $3.2M +14,000 +$3.2M
AMAT, Applied Materials 0.01% New 22,800 $138.45 $3.2M +22,800 +$3.2M
AMGN, Amgen 0.01% New 11,050 $268.76 $3M +11,050 +$3M
TMO, Thermo Fisher Scientific 0.01% New 5,675 $506.17 $2.9M +5,675 +$2.9M
UNH, UnitedHealth Group 0.01% New 5,665 $504.19 $2.9M +5,665 +$2.9M
VRM, Vroom 0.01% Hold 2,500,000 $1.12 $2.8M — —
ADBE, Adobe 0.01% New 5,485 $509.90 $2.8M +5,485 +$2.8M

Showing top 50 of 63 by value

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2023 Q2. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 24 $34.4B +8.7% 13F-HR 8/14/2026 000110465926097175
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 — 13F-HR 11/15/2021 000110465921139188

About

Gates Foundation Trust

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Location
Kirkland, WA
All SEC filings
View on sec.gov