Gates Foundation Trust (Bill Gates) latest 13F portfolio: 22 holdings worth $31.7B as of Q1 2026.
Backtested since 2020: mirroring Gates Foundation Trust's reported 13F equity holdings each quarter would have returned +184.4% versus +185.9%for the S&P 500 (+18.3% annualized). See the Performance tab for the full equity curve.
Investor: Bill Gates
Number of Assets: 22
Reporting Period: Q1 - 2026
Holdings at Report: $31,665,505,891
Return $ Since Report: +$3,112,184,904
Return % Since Report: +9.83%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Coca-Cola Femsa S.A.B. De C.V. (KOF) | Equity | 0% | 6,214,719 | 1.91% | $97.55 | $110.44 | $606,245,838 | $686,353,566 | +$80,107,728 | +13.21% |
| Anheuser Busch Inbev NV (BUD) | Equity | 0% | 1,703,000 | 0.37% | $69.37 | $83.76 | $118,137,110 | $142,643,280 | +$24,506,170 | +20.74% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -12.15% | 17,048,304 | 25.80% | $479.20 | $521.80 | $8,169,547,277 | $8,895,805,027 | +$726,257,750 | +8.89% |
| Canadian National Railway Company (CNI) | Equity | 0% | 51,826,786 | 16.82% | $102.77 | $126.60 | $5,326,238,797 | $6,561,271,108 | +$1,235,032,311 | +23.19% |
| Waste Management Inc. (WM) | Equity | -4.47% | 27,642,344 | 20.06% | $229.79 | $227.68 | $6,351,934,228 | $6,293,608,882 | -$58,325,346 | -0.92% |
| Caterpillar Inc. (CAT) | Equity | 0% | 6,353,614 | 14.22% | $708.46 | $842.19 | $4,501,281,374 | $5,350,950,175 | +$849,668,801 | +18.88% |
| Madison Square Garden Sports Corp. (MSGS) | Equity | 0% | 592,406 | 0.60% | $321.40 | $389.99 | $190,399,288 | $231,032,416 | +$40,633,128 | +21.34% |
| Mcdonald'S Corp. (MCD) | Equity | 0% | 334,900 | 0.33% | $310.79 | $274.48 | $104,083,571 | $91,923,352 | -$12,160,219 | -11.68% |
| On Holding AG (ONON) | Equity | 0% | 500,000 | 0.05% | $34.02 | $37.55 | $17,010,000 | $18,775,000 | +$1,765,000 | +10.38% |
| Paccar Inc. (PCAR) | Equity | 0% | 1,000,000 | 0.36% | $115.50 | $133.11 | $115,500,000 | $133,110,000 | +$17,610,000 | +15.25% |
| Schrödinger Inc. (SDGR) | Equity | 0% | 6,981,664 | 0.25% | $11.36 | $18.16 | $79,311,703 | $126,787,018 | +$47,475,315 | +59.86% |
| Veralto Corp. (VLTO) | Equity | 0% | 124,333 | 0.03% | $88.42 | $98.34 | $10,993,524 | $12,226,907 | +$1,233,383 | +11.22% |
| Walmart Inc. (WMT) | Equity | 0% | 8,390,477 | 3.29% | $124.28 | $111.85 | $1,042,768,482 | $938,474,852 | -$104,293,630 | -10.00% |
| Waste Connections Inc. (WCN) | Equity | 0% | 2,039,175 | 1.05% | $162.44 | $166.71 | $331,243,587 | $339,950,864 | +$8,707,277 | +2.63% |
| Coupang Inc. (CPNG) | Equity | 0% | 9,248,045 | 0.55% | $18.88 | $16.23 | $174,603,090 | $150,095,770 | -$24,507,320 | -14.04% |
| Danaher Corp. (DHR) | Equity | 0% | 373,000 | 0.22% | $189.60 | $204.76 | $70,720,800 | $76,375,480 | +$5,654,680 | +8.00% |
| Deere & Company (DE) | Equity | 0% | 3,557,378 | 6.33% | $563.30 | $620.83 | $2,003,871,027 | $2,208,526,984 | +$204,655,957 | +10.21% |
| Ecolab Inc. (ECL) | Equity | 0% | 5,218,044 | 4.38% | $266.02 | $285.17 | $1,388,104,065 | $1,488,029,607 | +$99,925,542 | +7.20% |
| Fedex Corp. (FDX) | Equity | 0% | 2,384,362 | 2.68% | $356.18 | $318.57 | $849,262,057 | $759,586,202 | -$89,675,855 | -10.56% |
| Hormel Foods Corp. (HRL) | Equity | 0% | 2,085,290 | 0.15% | $22.65 | $25.02 | $47,231,819 | $52,173,956 | +$4,942,137 | +10.46% |
| The Kraft Heinz Company (KHC) | Equity | 0% | 2,472,600 | 0.18% | $22.49 | $25.32 | $55,608,774 | $62,606,232 | +$6,997,458 | +12.58% |
| West Pharmaceutical Services Inc. (WST) | Equity | 0% | 444,500 | 0.35% | $250.64 | $354.07 | $111,409,480 | $157,384,115 | +$45,974,635 | +41.27% |