Gates Foundation Trust 13F, Q2 2025
Bill Gates · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1166559
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $13.03B | 27.3% | -8% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $11.72B | 24.5% | +41% shares |
| WASTE MGMT INC DEL | WM | $7.38B | 15.4% | unchanged |
| CANADIAN NATL RY CO | CNI | $5.70B | 11.9% | unchanged |
| CATERPILLAR INC | CAT | $2.85B | 6.0% | unchanged |
| DEERE & CO | DE | $1.81B | 3.8% | unchanged |
| ECOLAB INC | ECL | $1.41B | 2.9% | unchanged |
| WALMART INC | WMT | $888.87M | 1.9% | unchanged |
| COCA-COLA FEMSA SAB DE CV | KOF | $601.15M | 1.3% | unchanged |
| FEDEX CORP | FDX | $576.09M | 1.2% | unchanged |
| WASTE CONNECTIONS INC | WCN | $401.29M | 0.8% | unchanged |
| COUPANG INC | CPNG | $277.07M | 0.6% | unchanged |
| CROWN CASTLE INC | CCI | $145.88M | 0.3% | unchanged |
| SCHRODINGER INC | SDGR | $140.47M | 0.3% | unchanged |
| MADISON SQUARE GRDN SPRT COR | MSGS | $123.78M | 0.3% | unchanged |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $117.03M | 0.2% | unchanged |
| MCDONALDS CORP | MCD | $97.85M | 0.2% | unchanged |
| WEST PHARMACEUTICAL SVSC INC | WST | $97.26M | 0.2% | unchanged |
| PACCAR INC | PCAR | $95.06M | 0.2% | unchanged |
| UNITED PARCEL SERVICE INC | UPS | $76.22M | 0.2% | unchanged |
| DANAHER CORPORATION | DHR | $73.68M | 0.1% | unchanged |
| KRAFT HEINZ CO | KHC | $67.72M | 0.1% | unchanged |
| HORMEL FOODS CORP | HRL | $66.41M | 0.1% | unchanged |
| ON HLDG AG | $26.02M | 0.1% | unchanged | |
| VERALTO CORP | VLTO | $12.55M | 0.0% | unchanged |
What changed since Q1 2025
Against the Q1 2025 filing, Gates Foundation Trust opened 0 new positions, added to 1, trimmed 1, left 23 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
No new positions this quarter.
Exited
Nothing from the previous filing was sold outright.
Added to
- BRK/B+41%$11.72B
Trimmed
- MSFT-8%$13.03B
Other quarters
Source: SEC Form 13F-HR, accession 0001104659-25-078647, filed by GATES FOUNDATION TRUST. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.