GATES FOUNDATION TRUST — 13F Holdings & Portfolio
CIK 1166559 · latest 13F-HR filed 2026-05-15
GATES FOUNDATION TRUST manages $31.67B in 13F-reported U.S. long-equity assets across 22 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are BRK.B (25.80%), WM (20.06%), CNI (16.82%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 0 new positions, exited 1, added to 7, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$31.67B
Long-equity book
22
Distinct positions
2026-03-31
Filed 2026-05-15
+0 / −1 / ↑7 / ↓9
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CATERPILLAR INC$861.5M +23.7%
- DEERE & CO$347.7M +21.0%
- FEDEX CORP$160.5M +23.3%
- WALMART INC$108.0M +11.6%
- MADISON SQUARE GRDN SPRT COR$37.2M +24.3%
Top Trims
- BERKSHIRE HATHAWAY INC DEL-$1.59B -16.3%
- SCHRODINGER INC-$45.5M -36.5%
- COUPANG INC-$43.6M -20.0%
- WASTE CONNECTIONS INC-$26.3M -7.4%
- DANAHER CORP DEL-$14.7M -17.2%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $8.17B | 25.80% | 17,048,304 | SH |
| 2 | WASTE MGMT INC DEL | WM | 94106L109 | $6.35B | 20.06% | 27,642,344 | SH |
| 3 | CANADIAN NATL RY CO | CNI | 136375102 | $5.33B | 16.82% | 51,826,786 | SH |
| 4 | CATERPILLAR INC | CAT | 149123101 | $4.50B | 14.22% | 6,353,614 | SH |
| 5 | DEERE & CO | DE | 244199105 | $2.00B | 6.33% | 3,557,378 | SH |
| 6 | ECOLAB INC | ECL | 278865100 | $1.39B | 4.38% | 5,218,044 | SH |
| 7 | WALMART INC | WMT | 931142103 | $1.04B | 3.29% | 8,390,477 | SH |
| 8 | FEDEX CORP | FDX | 31428X106 | $849.3M | 2.68% | 2,384,362 | SH |
| 9 | COCA-COLA FEMSA SAB DE CV | KOF | 191241108 | $606.2M | 1.91% | 6,214,719 | SH |
| 10 | WASTE CONNECTIONS INC | WCN | 94106B101 | $331.2M | 1.05% | 2,039,175 | SH |
| 11 | MADISON SQUARE GRDN SPRT COR | MSGS | 55825T103 | $190.4M | 0.60% | 592,406 | SH |
| 12 | COUPANG INC | CPNG | 22266T109 | $174.6M | 0.55% | 9,248,045 | SH |
| 13 | ANHEUSER BUSCH INBEV SA NV | BUD | 03524A108 | $118.1M | 0.37% | 1,703,000 | SH |
| 14 | PACCAR INC | PCAR | 693718108 | $115.5M | 0.36% | 1,000,000 | SH |
| 15 | WEST PHARMACEUTICAL SVSC INC | WST | 955306105 | $111.4M | 0.35% | 444,500 | SH |
| 16 | MCDONALDS CORP | MCD | 580135101 | $104.1M | 0.33% | 334,900 | SH |
| 17 | SCHRODINGER INC | SDGR | 80810D103 | $79.3M | 0.25% | 6,981,664 | SH |
| 18 | DANAHER CORP DEL | DHR | 235851102 | $70.7M | 0.22% | 373,000 | SH |
| 19 | KRAFT HEINZ CO | KHC | 500754106 | $55.6M | 0.18% | 2,472,600 | SH |
| 20 | HORMEL FOODS CORP | HRL | 440452100 | $47.2M | 0.15% | 2,085,290 | SH |
| 21 | ON HLDG AG | ONON | H5919C104 | $17.0M | 0.05% | 500,000 | SH |
| 22 | VERALTO CORP | VLTO | 92338C103 | $11.0M | 0.03% | 124,333 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $31.67B | 22 | 0001104659-26-062592 |
| 2025-12-31 | 2026-02-17 | $35.36B | 23 | 0001104659-26-016458 |
| 2025-09-30 | 2025-11-14 | $36.58B | 23 | 0001104659-25-112544 |