Follow The Filings

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

2025 Q3 2025 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
BRK.B, Berkshire Hathaway 29.91% Reduce −9.8% 21,765,224 $502.74 $10.9B −2,358,460 −$776M
WM, Waste Management 17.47% Reduce −10.2% 28,934,344 $220.83 $6.4B −3,300,000 −$986M
CNI, Canadian National Railway 13.36% Reduce −5.5% 51,826,786 $94.30 $4.9B −3,000,000 −$817M
MSFT, Microsoft 13.01%, was 27.27% Reduce −64.9% 9,191,207 $517.95 $4.8B −17,000,000 −$8.3B
CAT, Caterpillar 8.29% Reduce −13.6% 6,353,614 $477.15 $3B −1,000,000 +$177M
DE, Deere 4.45% Hold 3,557,378 $457.26 $1.6B — —
ECL, Ecolab 3.91% Hold 5,218,044 $273.86 $1.4B — —
WMT, Walmart 2.36% Reduce −7.7% 8,390,477 $103.06 $865M −700,000 −$24M
FDX, FedEx 1.54% Reduce −5.9% 2,384,362 $235.81 $562M −150,000 −$14M
KOF 1.41% Hold 6,214,719 $83.10 $516M — —
WCN, Waste Connections 0.98% Reduce −5.1% 2,039,175 $175.80 $358M −110,000 −$43M
CPNG, Coupang 0.81% Hold 9,248,045 $32.20 $298M — —
SDGR, Schrodinger 0.38% Hold 6,981,664 $20.06 $140M — —
MSGS, MSG Sports 0.37% Hold 592,406 $227.00 $134M — —
WST, West Pharmaceutical Services 0.32% Hold 444,500 $262.33 $117M — —
MCD, McDonald's 0.28% Hold 334,900 $303.89 $102M — —
BUD, Anheuser-Busch InBev 0.28% Hold 1,703,000 $59.61 $102M — —
PCAR, Paccar 0.27% Hold 1,000,000 $98.32 $98M — —
DHR, Danaher 0.20% Hold 373,000 $198.26 $74M — —
KHC, Kraft Heinz 0.18% Reduce −5.7% 2,472,600 $26.04 $64M −150,000 −$3.3M
HRL, Hormel Foods 0.14% Reduce −5.0% 2,085,290 $24.74 $52M −110,000 −$15M
ONON, On Holding 0.06% Hold 500,000 $42.35 $21M — —
VLTO, Veralto 0.04% Hold 124,333 $106.61 $13M — —

Exits / last held

Gone since 2025 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
CCI, Crown Castle 0.31% Exit 0 $102.73 $146M −1,420,072 −$146M
UPS 0.16% Exit 0 $100.94 $76M −755,089 −$76M

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 2025 Q2. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

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