Bill and Melinda Gates Foundation

Gates Foundation Trust · Holdings as of Mar 31, 2024, filed by May 16, 2024 · US long stock positions only

The foundation's book. Berkshire plus a handful of long holds.

Reported value

$46B

24 positions shown

Copycat since 2016

3.37x

13% per year

vs SPY

behind

SPY 3.57x same window

Top position

MSFT

33% of book

Copying these filings vs SPY

$1 at every deadline since 2016

Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.

Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Mar 2024

MSFT 33% WM 16% BRK.B 16% CNI 16% CAT 6% DE 3% ECL 3%

+9 more 1%

Symbol	Value	% of book	vs prior quarter
MSFT	$15.4B	33%	new
WM	$7.5B	16%	new
BRK.B	$7.3B	16%	new
CNI	$7.2B	16%	new
CAT	$2.7B	6%	new
DE	$1.5B	3%	new
ECL	$1.2B	3%	new
KOF	$604M	1%	new
WMT	$547M	1%	new
FDX	$445M	1%	new
WCN	$370M	1%	new
SDGR	$189M	0%	new
CPNG	$165M	0%	new
CCI	$150M	0%	new
UPS	$112M	0%	new
MSGS	$109M	0%	new
BUD	$104M	0%	new
KHC	$97M	0%	new
DHR	$93M	0%	new
HRL	$77M	0%	new
CVNA	$46M	0%	new
unlisted	$18M	0%	new
VLTO	$11M	0%	new
unlisted	$420K	0%	new

Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.