Gates Foundation Trust 13F Holdings

Michael Larson (CIO) · Quarter ended 2026-03-31 · Reported value $31.67B

As of the quarter ended 2026-03-31, Gates Foundation Trust reported 22 US-listed positions worth $31.67B. The largest is BERKSHIRE HATHAWAY INC DEL at 25.8% of the reported portfolio, and the top five holdings make up 83% of it, a concentrated book where single-name risk dominates. Trimmed: BERKSHIRE HATHAWAY INC DEL, WASTE MGMT INC DEL.

New positions

None detected

Added to

None detected

Reduced

BERKSHIRE HATHAWAY INC DEL
WASTE MGMT INC DEL

Holdings

#	Issuer	Value	% of Portfolio	Shares	QoQ Shares
1	BERKSHIRE HATHAWAY INC DEL	$8.17B	25.8%	17.05M	-2.36M
2	WASTE MGMT INC DEL	$6.35B	20.1%	27.64M	-1.29M
3	CANADIAN NATL RY CO	$5.33B	16.8%	51.83M	0
4	CATERPILLAR INC	$4.50B	14.2%	6.35M	0
5	DEERE & CO	$2.00B	6.3%	3.56M	0
6	ECOLAB INC	$1.39B	4.4%	5.22M	0
7	WALMART INC	$1.04B	3.3%	8.39M	0
8	FEDEX CORP	$849.3M	2.7%	2.38M	0
9	COCA-COLA FEMSA SAB DE CV	$606.2M	1.9%	6.21M	0
10	WASTE CONNECTIONS INC	$331.2M	1.0%	2.04M	0
11	MADISON SQUARE GRDN SPRT COR	$190.4M	0.6%	592.4K	0
12	COUPANG INC	$174.6M	0.6%	9.25M	0
13	ANHEUSER BUSCH INBEV SA NV	$118.1M	0.4%	1.70M	-
14	PACCAR INC	$115.5M	0.4%	1.00M	0
15	WEST PHARMACEUTICAL SVSC INC	$111.4M	0.4%	444.5K	0
16	MCDONALDS CORP	$104.1M	0.3%	334.9K	0
17	SCHRODINGER INC	$79.3M	0.3%	6.98M	0
18	DANAHER CORP DEL	$70.7M	0.2%	373.0K	-
19	KRAFT HEINZ CO	$55.6M	0.2%	2.47M	0
20	HORMEL FOODS CORP	$47.2M	0.1%	2.09M	0
21	ON HLDG AG	$17.0M	0.1%	500.0K	0
22	VERALTO CORP	$11.0M	0.0%	124.3K	0

13F filings arrive up to 45 days after quarter end and cover US-listed long positions only. Positions may have changed since. This is observation data, not a recommendation.

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Understanding

Reading Gates Foundation Trust's 13F

Managers running over $100M in US equities must disclose their long positions to the SEC within 45 days of each quarter end. This page parses Gates Foundation Trust's actual filing, the same document Bloomberg terminals and paid trackers repackage.

Read the QoQ column before the position list. A fund's largest holding is usually old news priced in years ago; what moved this quarter (new stakes, exits, big adds and trims) is where the information lives. New positions equal fresh conviction at recent prices.

Mind the blind spots: 13Fs exclude shorts, bonds, options hedges, and non-US listings, and arrive six-plus weeks stale. A fund that looks all-in long here may be market neutral in reality. Use this as a record of what they bought, never as proof of what they believe today.

Frequently Asked Questions

How current is Gates Foundation Trust's portfolio here?

It reflects the latest 13F-HR filing, which funds submit up to 45 days after each quarter ends. Positions may have changed since.

Why do share counts change quarter to quarter?

The QoQ column shows shares bought or sold versus the prior quarter's filing. A position equal to its change is brand new.

Does this show short positions?

No. 13F filings only disclose US-listed long positions. Shorts, bonds, and non-US holdings are not reported.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.