Gates Foundation Trust

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Gates Foundation Trust (Bill Gates / Michael Larson) reported 23 stock positions worth $47.7 billion. Its top holding was Microsoft (MSFT) at 32.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 21.0%) and Waste Management (WM, 15.8%). Compared with Q1 2024, it sold out of 1, added to 1 and reduced 1. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +42%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Notable People
Bill Gates / Michael Larson
Location
KIRKLAND, WA
CIK
0001166559
Portfolio Value
$47.7B (Q2 2024)
SEC Filing
0001104659-24-089650 ↗ filed Aug 14, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $45.9B Q1 2024 Q2 2024: $47.7B $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 23 stocks · $47.7B
MSFT Microsoft Corp. 32.71% 34,889,597 $15.6B Reduce -4.4%
BRK.B Berkshire Hathaway Inc. Class B 21.01% 24,620,202 $10.0B Add +42.3%
WM Waste Management Inc. 15.77% 35,234,344 $7.5B No change
CNI Canadian Natl Railway Co. 13.59% 54,826,786 $6.5B No change
CAT Caterpillar Inc. 5.14% 7,353,614 $2.4B No change
DE Deere & Co. 2.79% 3,557,378 $1.3B No change
ECL Ecolab Inc. 2.61% 5,218,044 $1.2B No change
WMT Walmart Inc. 1.29% 9,090,477 $615.5M No change
KOF Coca-Cola Femsa Sab-SP ADR 1.12% 6,214,719 $533.5M No change
FDX FedEx Corp. 0.97% 1,534,362 $460.1M No change
WCN Waste Connections Inc. 0.79% 2,149,175 $376.9M No change
CPNG Coupang Inc. 0.41% 9,248,045 $193.7M No change
CCI Crown Castle Inc. 0.29% 1,420,072 $138.7M No change
SDGR Schrodinger Inc. 0.28% 6,981,664 $135.0M No change
MSGS Madison Square Garden Sports 0.23% 592,406 $111.4M No change
UPS United Parcel Service Class B 0.22% 755,089 $103.3M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.21% 1,703,000 $99.0M No change
DHR Danaher Corp. 0.20% 373,000 $93.2M No change
KHC The Kraft Heinz Co. 0.18% 2,622,600 $84.5M No change
HRL Hormel Foods Corp. 0.14% 2,195,290 $66.9M No change
ONON On Holding AG Class A filed as ON HLDG AG 0.04% 500,000 $19.4M No change
VLTO Veralto Corp. 0.02% 124,333 $11.9M No change
VRMMQ Vroom Inc. 0.00% 31,250 $291K No change

Portfolio Sells Q1 2024 → Q2 2024
MSFT Microsoft Corp. Reduce -4.4% 32.71% −0.77
CVNA Carvana Co. Sold out 0.00% −0.10

Portfolio Buys Q1 2024 → Q2 2024
BRK.B Berkshire Hathaway Inc. Class B Add +42.3% 21.01% +5.14

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