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Bill & Melinda Gates Foundation Trust's 2025Q3 portfolio

Bill & Melinda Gates Foundation Trust (Bill & Melinda Gates Foundation Trust) held 21 positions as of Sep 30, 2025, with the largest position at 29.9% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2025 (21)

  1. 1BRK/BBerkshire Hathaway Inc-cl B
    % port
    29.9%
    +5.4pp vs prior Qnow 25.8%
  2. 2WMWaste Management Inc
    % port
    17.5%
    +2.0pp vs prior Qnow 20.1%
  3. 3CNICanadian Natl Railway CO
    % port
    13.4%
    +1.4pp vs prior Qnow 16.8%
  4. 4CATCaterpillar Inc
    % port
    8.3%
    +2.3pp vs prior Qnow 14.2%
  5. 5DEDeere & CO
    % port
    4.4%
    +0.7pp vs prior Qnow 6.3%
  6. 6ECLEcolab Inc
    % port
    3.9%
    +1.0pp vs prior Qnow 4.4%
  7. 7WMTWalmart Inc
    % port
    2.4%
    +0.5pp vs prior Qnow 3.3%
  8. 8FDXFedex Corp
    % port
    1.5%
    +0.3pp vs prior Qnow 2.7%
  9. 9KOFCoca-cola Femsa Sab-sp Adr
    % port
    1.4%
    +0.2pp vs prior Qnow 1.9%
  10. 10WCNWaste Connections Inc
    % port
    1.0%
    +0.1pp vs prior Q
  11. 11CPNGCoupang Inc
    % port
    0.8%
    +0.2pp vs prior Qnow 0.6%
  12. 12SDGRSchrodinger Inc
    % port
    0.4%
    now 0.3%
  13. 13MSGSMadison Square Garden Sports
    % port
    0.4%
    +0.1pp vs prior Qnow 0.6%
  14. 14WSTWest Pharmaceutical Services
    % port
    0.3%
    +0.1pp vs prior Q
  15. 15MCDMcdonald's Corp
    % port
    0.3%
  16. 16BUDAnheuser-busch Inbev-spn Adr
    % port
    0.3%
  17. 17PCARPaccar Inc
    % port
    0.3%
  18. 18DHRDanaher Corp
    % port
    0.2%
  19. 19KHCKraft Heinz Co/the
    % port
    0.2%
  20. 20HRLHormel Foods Corp
    % port
    0.1%
  21. 21(cusip)ON Hldg AG
    % port
    0.1%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.