Gates Foundation Trust

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Gates Foundation Trust (Bill Gates / Michael Larson) reported 24 stock positions worth $45.9 billion. Its top holding was Microsoft (MSFT) at 33.5% of the portfolio, followed by Waste Management (WM, 16.4%) and Berkshire Hathaway Class B (BRK.B, 15.9%). Compared with Q4 2023, it opened 1 new position, sold out of 1 and reduced 2. The biggest buy was a new position in Vroom (VRMMQ) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −13%).

Most Recent 13F
Q2 2026
Notable People
Bill Gates / Michael Larson
Location
KIRKLAND, WA
CIK
0001166559
Portfolio Value
$45.9B (Q1 2024)
SEC Filing
0001104659-24-061949 ↗ filed May 15, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $45.9B $45.9B Q1 2024 Q2 2024: $47.7B Q2 2024 Q3 2024: $45.1B Q3 2024 Q4 2024: $42.0B Q4 2024 Q1 2025: $41.8B Q1 2025 Q2 2025: $47.8B Q2 2025 Q3 2025: $36.6B Q3 2025 Q4 2025: $35.4B Q4 2025 Q1 2026: $31.7B Q1 2026 Q2 2026: $34.4B Q2 2026

Holdings 24 stocks · $45.9B
MSFT Microsoft Corp. 33.49% 36,499,597 $15.4B Reduce -4.5%
WM Waste Management Inc. 16.38% 35,234,344 $7.5B No change
BRK.B Berkshire Hathaway Inc. Class B 15.87% 17,303,097 $7.3B Reduce -13.1%
CNI Canadian Natl Railway Co. 15.75% 54,826,786 $7.2B No change
CAT Caterpillar Inc. 5.88% 7,353,614 $2.7B No change
DE Deere & Co. 3.19% 3,557,378 $1.5B No change
ECL Ecolab Inc. 2.63% 5,218,044 $1.2B No change
KOF Coca-Cola Femsa Sab-SP ADR 1.32% 6,214,719 $604.1M No change
WMT Walmart Inc. 1.19% 9,090,477 $547.0M No change
FDX FedEx Corp. 0.97% 1,534,362 $444.6M No change
WCN Waste Connections Inc. 0.81% 2,149,175 $369.7M No change
SDGR Schrodinger Inc. 0.41% 6,981,664 $188.5M No change
CPNG Coupang Inc. 0.36% 9,248,045 $164.5M No change
CCI Crown Castle Inc. 0.33% 1,420,072 $150.3M No change
UPS United Parcel Service Class B 0.24% 755,089 $112.2M No change
MSGS Madison Square Garden Sports 0.24% 592,406 $109.3M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.23% 1,703,000 $103.5M No change
KHC The Kraft Heinz Co. 0.21% 2,622,600 $96.8M No change
DHR Danaher Corp. 0.20% 373,000 $93.1M No change
HRL Hormel Foods Corp. 0.17% 2,195,290 $76.6M No change
CVNA Carvana Co. 0.10% 520,000 $45.7M No change
ONON On Holding AG Class A filed as ON HLDG AG 0.04% 500,000 $17.7M No change
VLTO Veralto Corp. 0.02% 124,333 $11.0M No change
VRMMQ Vroom Inc. 0.00% 31,250 $420K New

Portfolio Sells Q4 2023 → Q1 2024
BRK.B Berkshire Hathaway Inc. Class B Reduce -13.1% 15.87% −0.93
MSFT Microsoft Corp. Reduce -4.5% 33.49% −0.50
VRM Vroom Inc. Sold out 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
VRMMQ Vroom Inc. New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 24$34.4BBRK.B, CAT, CNI, WM, DE
Q1 2026 22$31.7BBRK.B, WM, CNI, CAT, DE
Q4 2025 23$35.4BBRK.B, WM, CNI, MSFT, CAT
Q3 2025 23$36.6BBRK.B, WM, CNI, MSFT, CAT
Q2 2025 25$47.8BMSFT, BRK.B, WM, CNI, CAT
Q1 2025 25$41.8BMSFT, BRK.B, WM, CNI, CAT
Q4 2024 24$42.0BMSFT, BRK.B, WM, CNI, CAT
Q3 2024 24$45.1BMSFT, BRK.B, WM, CNI, CAT
Q2 2024 23$47.7BMSFT, BRK.B, WM, CNI, CAT
Q1 2024 24$45.9BMSFT, WM, BRK.B, CNI, CAT