Bill Gates

Long-term

Bill & Melinda Gates Foundation

Gates Foundation Trust with a concentrated, long-term equity portfolio.

Portfolio Value

$35.4B

Holdings

Top 10 Concentration

95.7%

Latest Period

Q4 2025

Portfolio Holdings

As reported on February 17, 2026 · vs Q3 2025

#	Security	Value	Shares	% Portfolio	Change
1	BERKSHIRE HATHAWAY INC DEL CUSIP: 084670702	$9.8B	19,406,764	27.6%	-10.8%
2	WASTE MGMT INC DEL CUSIP: 94106L109	$6.4B	28,934,344	18.0%	0.0%
3	CANADIAN NATL RY CO CUSIP: 136375102	$5.1B	51,826,786	14.5%	0.0%
4	MICROSOFT CORP CUSIP: 594918104	$3.7B	7,691,207	10.5%	-16.3%
5	CATERPILLAR INC CUSIP: 149123101	$3.6B	6,353,614	10.3%	0.0%
6	DEERE & CO CUSIP: 244199105	$1.7B	3,557,378	4.7%	0.0%
7	ECOLAB INC CUSIP: 278865100	$1.4B	5,218,044	3.9%	0.0%
8	WALMART INC CUSIP: 931142103	$934.8M	8,390,477	2.6%	0.0%
9	FEDEX CORP CUSIP: 31428X106	$688.7M	2,384,362	1.9%	0.0%
10	COCA-COLA FEMSA SAB DE CV CUSIP: 191241108	$588.6M	6,214,719	1.7%	0.0%
11	WASTE CONNECTIONS INC CUSIP: 94106B101	$357.6M	2,039,175	1.0%	0.0%
12	COUPANG INC CUSIP: 22266T109	$218.2M	9,248,045	0.6%	0.0%
13	MADISON SQUARE GRDN SPRT COR CUSIP: 55825T103	$153.2M	592,406	0.4%	0.0%
14	SCHRODINGER INC CUSIP: 80810D103	$124.8M	6,981,664	0.4%	0.0%
15	WEST PHARMACEUTICAL SVSC INC CUSIP: 955306105	$122.3M	444,500	0.3%	0.0%
16	PACCAR INC CUSIP: 693718108	$109.5M	1,000,000	0.3%	0.0%
17	ANHEUSER BUSCH INBEV SA/NV CUSIP: 03524A108	$109.1M	1,703,000	0.3%	0.0%
18	MCDONALDS CORP CUSIP: 580135101	$102.4M	334,900	0.3%	0.0%
19	DANAHER CORPORATION CUSIP: 235851102	$85.4M	373,000	0.2%	0.0%
20	KRAFT HEINZ CO CUSIP: 500754106	$60.0M	2,472,600	0.2%	0.0%
21	HORMEL FOODS CORP CUSIP: 440452100	$49.4M	2,085,290	0.1%	0.0%
22	ON HLDG AG CUSIP: H5919C104	$23.2M	500,000	0.1%	0.0%
23	VERALTO CORP CUSIP: 92338C103	$12.4M	124,333	0.0%	0.0%