Filed: 11/14/2025ACC: 0001104659-25-112544
📋 What this filing means
GATES FOUNDATION TRUST filed this quarterly 13F‑HR report disclosing 23 equity positions with a total reported market value of $36.58B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
23
Positions
$36.58B
Total AUM (reported)
171.74M
Total Shares
Allocation by class
COM$24.56B67.1%
CL B NEW$10.94B29.9%
SPONS ADS REP$516.44M1.4%
CL A$432.26M1.2%
SPONSORED ADR$101.52M0.3%
NAMEN AKT A$21.18M0.1%
COM SHS$13.26M0.0%
Portfolio Concentration
Top 3$22.22B60.7%
4–10$12.79B35.0%
11–25$1.57B4.3%
Top 3 weight
60.7%
Top 10 weight
95.7%
Voting Authority Distribution
Total shares with voting rights: 171.74M
Sole
Full voting authority
171.74M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole23
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings23
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares21.77M
TypeSH
Market value$10.94B
29.91%
Sole
21.77M
Shared
0.00
None
0.00
WASTE MGMT INC DEL
SOLEShares28.93M
TypeSH
Market value$6.39B
17.47%
Sole
28.93M
Shared
0.00
None
0.00
CANADIAN NATL RY CO
SOLEShares51.83M
TypeSH
Market value$4.89B
13.36%
Sole
51.83M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares9.19M
TypeSH
Market value$4.76B
13.01%
Sole
9.19M
Shared
0.00
None
0.00
CATERPILLAR INC
SOLEShares6.35M
TypeSH
Market value$3.03B
8.29%
Sole
6.35M
Shared
0.00
None
0.00
DEERE & CO
SOLEShares3.56M
TypeSH
Market value$1.63B
4.45%
Sole
3.56M
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares5.22M
TypeSH
Market value$1.43B
3.91%
Sole
5.22M
Shared
0.00
None
0.00
WALMART INC
SOLEShares8.39M
TypeSH
Market value$864.72M
2.36%
Sole
8.39M
Shared
0.00
None
0.00
FEDEX CORP
SOLEShares2.38M
TypeSH
Market value$562.26M
1.54%
Sole
2.38M
Shared
0.00
None
0.00
COCA-COLA FEMSA SAB DE CV
SOLEShares6.21M
TypeSH
Market value$516.44M
1.41%
Sole
6.21M
Shared
0.00
None
0.00
WASTE CONNECTIONS INC
SOLEShares2.04M
TypeSH
Market value$358.49M
0.98%
Sole
2.04M
Shared
0.00
None
0.00
COUPANG INC
SOLEShares9.25M
TypeSH
Market value$297.79M
0.81%
Sole
9.25M
Shared
0.00
None
0.00
SCHRODINGER INC
SOLEShares6.98M
TypeSH
Market value$140.05M
0.38%
Sole
6.98M
Shared
0.00
None
0.00
MADISON SQUARE GRDN SPRT COR
SOLEShares592.41K
TypeSH
Market value$134.48M
0.37%
Sole
592.41K
Shared
0.00
None
0.00
WEST PHARMACEUTICAL SVSC INC
SOLEShares444.50K
TypeSH
Market value$116.61M
0.32%
Sole
444.50K
Shared
0.00
None
0.00
MCDONALDS CORP
SOLEShares334.90K
TypeSH
Market value$101.77M
0.28%
Sole
334.90K
Shared
0.00
None
0.00
ANHEUSER BUSCH INBEV SA/NV
SOLEShares1.70M
TypeSH
Market value$101.52M
0.28%
Sole
1.70M
Shared
0.00
None
0.00
PACCAR INC
SOLEShares1M
TypeSH
Market value$98.32M
0.27%
Sole
1M
Shared
0.00
None
0.00
DANAHER CORPORATION
SOLEShares373K
TypeSH
Market value$73.95M
0.20%
Sole
373K
Shared
0.00
None
0.00
KRAFT HEINZ CO
SOLEShares2.47M
TypeSH
Market value$64.39M
0.18%
Sole
2.47M
Shared
0.00
None
0.00
HORMEL FOODS CORP
SOLEShares2.09M
TypeSH
Market value$51.59M
0.14%
Sole
2.09M
Shared
0.00
None
0.00
ON HLDG AG
SOLEShares500K
TypeSH
Market value$21.18M
0.06%
Sole
500K
Shared
0.00
None
0.00
VERALTO CORP
SOLEShares124.33K
TypeSH
Market value$13.26M
0.04%
Sole
124.33K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 21.77M | SH | $10.94B 29.91% | 21.77M | 0.00 | 0.00 |
WASTE MGMT INC DELSOLE | COM | 28.93M | SH | $6.39B 17.47% | 28.93M | 0.00 | 0.00 |
CANADIAN NATL RY COSOLE | COM | 51.83M | SH | $4.89B 13.36% | 51.83M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 9.19M | SH | $4.76B 13.01% | 9.19M | 0.00 | 0.00 |
CATERPILLAR INCSOLE | COM | 6.35M | SH | $3.03B 8.29% | 6.35M | 0.00 | 0.00 |
DEERE & COSOLE | COM | 3.56M | SH | $1.63B 4.45% | 3.56M | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 5.22M | SH | $1.43B 3.91% | 5.22M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 8.39M | SH | $864.72M 2.36% | 8.39M | 0.00 | 0.00 |
FEDEX CORPSOLE | COM | 2.38M | SH | $562.26M 1.54% | 2.38M | 0.00 | 0.00 |
COCA-COLA FEMSA SAB DE CVSOLE | SPONS ADS REP | 6.21M | SH | $516.44M 1.41% | 6.21M | 0.00 | 0.00 |
WASTE CONNECTIONS INCSOLE | COM | 2.04M | SH | $358.49M 0.98% | 2.04M | 0.00 | 0.00 |
COUPANG INCSOLE | CL A | 9.25M | SH | $297.79M 0.81% | 9.25M | 0.00 | 0.00 |
SCHRODINGER INCSOLE | COM | 6.98M | SH | $140.05M 0.38% | 6.98M | 0.00 | 0.00 |
MADISON SQUARE GRDN SPRT CORSOLE | CL A | 592.41K | SH | $134.48M 0.37% | 592.41K | 0.00 | 0.00 |
WEST PHARMACEUTICAL SVSC INCSOLE | COM | 444.50K | SH | $116.61M 0.32% | 444.50K | 0.00 | 0.00 |
MCDONALDS CORPSOLE | COM | 334.90K | SH | $101.77M 0.28% | 334.90K | 0.00 | 0.00 |
ANHEUSER BUSCH INBEV SA/NVSOLE | SPONSORED ADR | 1.70M | SH | $101.52M 0.28% | 1.70M | 0.00 | 0.00 |
PACCAR INCSOLE | COM | 1M | SH | $98.32M 0.27% | 1M | 0.00 | 0.00 |
DANAHER CORPORATIONSOLE | COM | 373K | SH | $73.95M 0.20% | 373K | 0.00 | 0.00 |
KRAFT HEINZ COSOLE | COM | 2.47M | SH | $64.39M 0.18% | 2.47M | 0.00 | 0.00 |
HORMEL FOODS CORPSOLE | COM | 2.09M | SH | $51.59M 0.14% | 2.09M | 0.00 | 0.00 |
ON HLDG AGSOLE | NAMEN AKT A | 500K | SH | $21.18M 0.06% | 500K | 0.00 | 0.00 |
VERALTO CORPSOLE | COM SHS | 124.33K | SH | $13.26M 0.04% | 124.33K | 0.00 | 0.00 |