Gates Foundation Trust (Bill Gates) latest 13F portfolio: 24 holdings worth $34.4B as of Q2 2026.
Backtested since 2020: mirroring Gates Foundation Trust's reported 13F equity holdings each quarter would have returned +173.5% versus +182.3%for the S&P 500 (+17.2% annualized). See the Performance tab for the full equity curve.
Investor: Bill Gates
Number of Assets: 24
Reporting Period: Q2 - 2026
Holdings at Report: $34,424,791,932
Return $ Since Report: -$1,815,869,385
Return % Since Report: -5.27%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | Equity | -13.83% | 14,689,844 | 21.35% | $500.39 | $509.77 | $7,350,651,039 | $7,488,441,776 | +$137,790,737 | +1.87% |
| Danaher Corp. (DHR) | Equity | 0% | 373,000 | 0.21% | $190.48 | $211.81 | $71,049,040 | $79,005,130 | +$7,956,090 | +11.20% |
| West Pharmaceutical Services Inc. (WST) | Equity | 0% | 444,500 | 0.46% | $359.00 | $362.31 | $159,575,500 | $161,046,795 | +$1,471,295 | +0.92% |
| Coupang Inc. (CPNG) | Equity | 0% | 9,248,045 | 0.47% | $17.37 | $14.29 | $160,638,542 | $132,154,563 | -$28,483,979 | -17.73% |
| Madison Square Garden Sports Corp. (MSGS) | Equity | 0% | 592,406 | 0.69% | $401.84 | $398.75 | $238,052,427 | $236,221,893 | -$1,830,535 | -0.77% |
| On Holding AG (ONON) | Equity | 0% | 500,000 | 0.05% | $35.42 | $27.26 | $17,710,000 | $13,630,000 | -$4,080,000 | -23.04% |
| Schrödinger Inc. (SDGR) | Equity | 0% | 6,981,664 | 0.33% | $16.25 | $29.02 | $113,452,040 | $202,607,889 | +$89,155,849 | +78.58% |
| Walmart Inc. (WMT) | Equity | 0% | 8,390,477 | 2.76% | $113.26 | $106.73 | $950,305,425 | $895,515,610 | -$54,789,815 | -5.77% |
| The Kraft Heinz Company (KHC) | Equity | 0% | 2,472,600 | 0.17% | $23.62 | $24.43 | $58,402,812 | $60,405,618 | +$2,002,806 | +3.43% |
| Mcdonald'S Corp. (MCD) | Equity | 0% | 334,900 | 0.26% | $270.31 | $248.24 | $90,526,819 | $83,135,576 | -$7,391,243 | -8.16% |
| Paccar Inc. (PCAR) | Equity | 0% | 1,000,000 | 0.35% | $120.12 | $116.06 | $120,120,000 | $116,060,000 | -$4,060,000 | -3.38% |
| Veralto Corp. (VLTO) | Equity | 0% | 124,333 | 0.03% | $88.68 | $94.49 | $11,025,850 | $11,748,225 | +$722,375 | +6.55% |
| Waste Connections Inc. (WCN) | Equity | 0% | 2,039,175 | 0.99% | $166.69 | $155.33 | $339,910,081 | $316,745,053 | -$23,165,028 | -6.82% |
| Canadian National Railway Company (CNI) | Equity | 0% | 51,826,786 | 17.95% | $119.24 | $118.95 | $6,179,825,963 | $6,164,796,195 | -$15,029,768 | -0.24% |
| Coca-Cola Femsa S.A.B. De C.V. (KOF) | Equity | 0% | 6,214,719 | 1.92% | $106.25 | $110.12 | $660,313,894 | $684,364,856 | +$24,050,962 | +3.64% |
| Fedex Corp. (FDX) | Equity | 0% | 2,384,362 | 2.17% | $313.13 | $303.65 | $746,615,273 | $724,011,521 | -$22,603,752 | -3.03% |
| The Home Depot Inc. (HD) | Equity | +100% | 1,000,000 | 1.02% | $352.68 | $299.98 | $352,680,000 | $299,980,000 | -$52,700,000 | -14.94% |
| Anheuser Busch Inbev NV (BUD) | Equity | 0% | 1,703,000 | 0.41% | $82.40 | $77.73 | $140,327,200 | $132,374,190 | -$7,953,010 | -5.67% |
| Deere & Company (DE) | Equity | 0% | 3,557,378 | 6.56% | $634.33 | $683.99 | $2,256,551,587 | $2,433,210,978 | +$176,659,391 | +7.83% |
| Waste Management Inc. (WM) | Equity | -3.33% | 26,720,744 | 17.30% | $222.88 | $211.10 | $5,955,519,423 | $5,640,749,058 | -$314,770,365 | -5.29% |
| Caterpillar Inc. (CAT) | Equity | 0% | 6,353,614 | 19.65% | $1,064.90 | $808.99 | $6,765,963,549 | $5,140,010,190 | -$1,625,953,359 | -24.03% |
| Ecolab Inc. (ECL) | Equity | 0% | 5,218,044 | 4.22% | $278.61 | $269.46 | $1,453,799,239 | $1,406,054,136 | -$47,745,103 | -3.28% |
| Fedex Fght Hldg CO INC (FDXF) | Equity | +100% | 1,192,181 | 0.52% | $151.00 | $120.13 | $180,019,331 | $143,216,704 | -$36,802,627 | -20.44% |
| Hormel Foods Corp. (HRL) | Equity | 0% | 2,085,290 | 0.15% | $24.82 | $20.83 | $51,756,898 | $43,436,591 | -$8,320,307 | -16.08% |