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Bill & Melinda Gates Foundation Trust's 2025Q4 portfolio

Bill & Melinda Gates Foundation Trust (Bill & Melinda Gates Foundation Trust) held 21 positions as of Dec 31, 2025, with the largest position at 27.6% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q4but 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 Dec 31, 2025 (21)

  1. 1BRK/BBerkshire Hathaway Inc-cl B
    % port
    27.6%
    -2.3pp vs prior Qnow 25.8%
  2. 2WMWaste Management Inc
    % port
    18.0%
    +0.5pp vs prior Qnow 20.1%
  3. 3CNICanadian Natl Railway CO
    % port
    14.5%
    +1.1pp vs prior Qnow 16.8%
  4. 4CATCaterpillar Inc
    % port
    10.3%
    +2.0pp vs prior Qnow 14.2%
  5. 5DEDeere & CO
    % port
    4.7%
    +0.2pp vs prior Qnow 6.3%
  6. 6ECLEcolab Inc
    % port
    3.9%
    now 4.4%
  7. 7WMTWalmart Inc
    % port
    2.6%
    +0.3pp vs prior Qnow 3.3%
  8. 8FDXFedex Corp
    % port
    1.9%
    +0.4pp vs prior Qnow 2.7%
  9. 9KOFCoca-cola Femsa Sab-sp Adr
    % port
    1.7%
    +0.3pp vs prior Qnow 1.9%
  10. 10WCNWaste Connections Inc
    % port
    1.0%
  11. 11CPNGCoupang Inc
    % port
    0.6%
    -0.2pp vs prior Q
  12. 12MSGSMadison Square Garden Sports
    % port
    0.4%
    now 0.6%
  13. 13SDGRSchrodinger Inc
    % port
    0.4%
    now 0.3%
  14. 14WSTWest Pharmaceutical Services
    % port
    0.3%
  15. 15PCARPaccar Inc
    % port
    0.3%
  16. 16BUDAnheuser-busch Inbev-spn Adr
    % port
    0.3%
  17. 17MCDMcdonald's Corp
    % 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.