What stocks does Gates Foundation Trust own?

As of Q2 2026, Gates Foundation Trust reported 24 positions with a combined 13F value of $34.4B. Its largest stock positions are BRK.B ($7.4B), CAT ($6.8B) and CNI ($6.2B).

How often does Gates Foundation Trust update its portfolio?

Gates Foundation Trust files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.

What does Gates Foundation Trust's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Gates Foundation Trust's portfolio data come from?

From the 13F filings Gates Foundation Trust makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Gates Foundation Trust

Return history

Last 4 years · filing-date model

$100,000 to $197,157

$100,000 in SPY: $227,922.

Total return

+97.2%

Annualized (4Y CAGR)

+18.5%

vs SPY

−4.4 pts/yr

Moves a year

Avg hold

13.0 months

17 filings · quarters -2% to +13.1%

All time

+354% since Aug 14, 2013

Fund size $34B today

Oct 8, 2022 to Oct 7, 2026 · min. 99% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New HD and trimmed BRK.B in Q2 2026.

$34.4B in this filing24 positions

Holdings as of Jun 30, 2026. Filed Aug 14, 2026.

Share change vs Mar 31

1BRK.BBerkshire Hathaway Inc Del21.35%
$7.4B - 14.7M shares-13.8%
2CATCaterpillar Inc19.65%
$6.8B - 6.4M shares-
3CNICanadian Natl RY Co17.95%
$6.2B - 51.8M shares-
4WMWaste MGMT Inc Del17.30%
$6.0B - 26.7M shares-3.3%
5DEDeere & Co6.56%
$2.3B - 3.6M shares-
6ECLEcolab Inc4.22%
$1.5B - 5.2M shares-
7WMTWalmart Inc2.76%
$950.3M - 8.4M shares-
8FDXFedex Corp2.17%
$746.6M - 2.4M shares-

#	Stock				At Jun 30	Now
1	BRK.BBerkshire Hathaway Inc Del	21.35%	$7.4B	-13.8%	$500.39	-
2	CATCaterpillar Inc	19.65%	$6.8B	-	$1064.90	$735.64 -30.9%
3	CNICanadian Natl RY Co	17.95%	$6.2B	-	$119.24	$120.74 +1.3%
4	WMWaste MGMT Inc Del	17.30%	$6.0B	-3.3%	$222.88	$224.19 +0.6%
5	DEDeere & Co	6.56%	$2.3B	-	$634.33	$650.67 +2.6%
6	ECLEcolab Inc	4.22%	$1.5B	-	$278.61	$290.81 +4.4%
7	WMTWalmart Inc	2.76%	$950.3M	-	$113.26	$117.87 +4.1%
8	FDXFedex Corp	2.17%	$746.6M	-	$313.13	$295.54 -5.6%

16 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 16 holdings

What is missing

Top 10 concentration: 95%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

Common questions

What stocks does Gates Foundation Trust own?: As of Q2 2026, Gates Foundation Trust reported 24 positions with a combined 13F value of $34.4B. Its largest stock positions are BRK.B ($7.4B), CAT ($6.8B) and CNI ($6.2B).
How often does Gates Foundation Trust update its portfolio?: Gates Foundation Trust files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.
What does Gates Foundation Trust's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Gates Foundation Trust's portfolio data come from?: From the 13F filings Gates Foundation Trust makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.