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Gates Foundation Trust

CIK 1166559 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

Gates Foundation Trust reported 24 US-listed holdings worth $34.42 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Berkshire Hathaway Inc. Class B (21.4%), Caterpillar Inc. (19.7%) and Canadian Natl Ry Co. (18.0%). Against the quarter before, it opened 2 positions, added to 0, trimmed 2 and sold out of 0.

Filed before as Bill & Melinda Gates Foundation Trust.

Reported holdings$34.42B+8.7% on Q1 2026
Positions24+2 on Q1 2026
The largest ten94.9%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Where the money is
OpenedHeldTrimmed
BRKB21.4%CAT19.7%CNI18.0%WM17.3%DE6.6%ECL4.2%WMT2.8%FDX2.2%KOF1.9%HD1.0%WCN1.0%MSGS0.7%10 more2.4%

The 14 largest of its 24 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $45.09 billion in 24 positions$45.1BQ3 24Q4 2024: $42.02 billion in 24 positions$42.0BQ4 24Q1 2025: $41.81 billion in 25 positions$41.8BQ1 25Q2 2025: $47.78 billion in 25 positions$47.8BQ2 25Q3 2025: $36.58 billion in 23 positions$36.6BQ3 25Q4 2025: $35.36 billion in 23 positions$35.4BQ4 25Q1 2026: $31.67 billion in 22 positions$31.7BQ1 26Q2 2026: $34.42 billion in 24 positions$34.4BQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned +25.0% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.

Its reported holdingsThe S&P 500
100110120130Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Its holdings +25.0%S&P 500 +30.2%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 2Held 20Trimmed 2
Opened: 2Held: 20Trimmed: 2

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 2

  1. Home Depot, Inc. HD$352.7 million
  2. Fedex Fght Hldg Co. Inc. Common Stock FDXF$180.0 million

Trimmed 2

  1. Berkshire Hathaway Inc. Class B BRKB-2.4 million shares · -14%
  2. Waste Management Inc. WM-921,600 shares · -3%

What it holds

CompanySharesValueOf its bookChange in shares
Berkshire Hathaway Inc. Class B BRKB14.7M$7.35 billion21.35%-2.4M
Caterpillar Inc. CAT6.4M$6.77 billion19.65%no change
Canadian Natl Ry Co. CNI51.8M$6.18 billion17.95%no change
Waste Management Inc. WM26.7M$5.96 billion17.30%-921.6K
Deere & Co. DE3.6M$2.26 billion6.56%no change
Ecolab Inc. ECL5.2M$1.45 billion4.22%no change
Walmart Inc. WMT8.4M$950.3 million2.76%no change
FedEx Corp. FDX2.4M$746.6 million2.17%no change
Coca-Cola Femsa Sab De CV KOF6.2M$660.3 million1.92%no change
Home Depot, Inc. HD1.0M$352.7 million1.02%new
Waste Connections Inc. WCN2.0M$339.9 million0.99%no change
MSG Knickerbockers Corp. MSGS592.4K$238.1 million0.69%no change
Fedex Fght Hldg Co. Inc. Common Stock FDXF1.2M$180.0 million0.52%new
Coupang Inc. Class A CPNG9.2M$160.6 million0.47%no change
West Pharmaceutical Services Inc. WST444.5K$159.6 million0.46%no change
Anheuser-Busch InBev SA/NV BUD1.7M$140.3 million0.41%no change
Paccar Inc. PCAR1.0M$120.1 million0.35%no change
Schrodinger, Inc. SDGR7.0M$113.5 million0.33%no change
McDonald's Corp. MCD334.9K$90.5 million0.26%no change
Danaher Corp. DHR373.0K$71.0 million0.21%no change
Kraft Heinz Co. KHC2.5M$58.4 million0.17%no change
Hormel Foods Corp. HRL2.1M$51.8 million0.15%no change
On Holding AG ONON500.0K$17.7 million0.05%no change
Veralto Corp. VLTO124.3K$11.0 million0.03%no change
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before.