Gates Foundation Trust Portfolio
Gates Foundation Trust 13F filer (CIK 0001166559).
Q2 2026 · 24 positions · Total reported value $34.42B · Top-10 concentration 94.9%
Turnover: 16.7% · 2 new · 2 cut · 0 exited
Active Share (vs S&P 500): 96.6% · vs QQQ: 97.7% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2026 13F filing, Gates Foundation Trust disclosed 24 equity positions with a combined reported value of $34.42B. The filing implies a focused portfolio: its ten largest positions account for 94.9% of reported value. HoldingsHub classifies the profile as Large / Focused / Industrials Tilt.
The largest disclosed positions as of Q2 2026 were BRKB ($7.35B), CAT ($6.77B), CNI ($6.18B). By sector, the heaviest allocations are Industrials 44.7%, Utilities 18.3%. Versus the prior quarter, allocation shifted toward Industrials (+6.8pp) and away from Utilities (-2.8pp), Other (-4.4pp).
Versus the prior quarter, Gates Foundation Trust opened 2 new positions, trimmed 2 and fully exited 0, a turnover rate of 16.7% of positions. The portfolio's overlap with the prior quarter was 92% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | BRKB | BERKSHIRE HATHAWAY INC DEL | 14.69M | $7.35B | 21.35% | Reduce |
| 2 | CAT | CATERPILLAR INC | 6.35M | $6.77B | 19.65% | Hold |
| 3 | CNI | CANADIAN NATL RY CO | 51.83M | $6.18B | 17.95% | Hold |
| 4 | WM | WASTE MGMT INC DEL | 26.72M | $5.96B | 17.30% | Reduce |
| 5 | DE | DEERE & CO | 3.56M | $2.26B | 6.55% | Hold |
| 6 | ECL | ECOLAB INC | 5.22M | $1.45B | 4.22% | Hold |
| 7 | WMT | WALMART INC | 8.39M | $950.31M | 2.76% | Hold |
| 8 | FDX | FEDEX CORP | 2.38M | $746.62M | 2.17% | Hold |
| 9 | KOF | COCA-COLA FEMSA SAB DE CV | 6.21M | $660.31M | 1.92% | Hold |
| 10 | HD | HOME DEPOT INC | 1.00M | $352.68M | 1.02% | New |
| 11 | WCN | WASTE CONNECTIONS INC | 2.04M | $339.91M | 0.99% | Hold |
| 12 | MSGS | MADISON SQUARE GRDN SPRT COR | 592.41K | $238.05M | 0.69% | Hold |
| 13 | FDXF | FEDEX FGHT HLDG CO INC | 1.19M | $180.02M | 0.52% | New |
| 14 | CPNG | COUPANG INC | 9.25M | $160.64M | 0.47% | Hold |
| 15 | WST | WEST PHARMACEUTICAL SVSC INC | 444.50K | $159.58M | 0.46% | Hold |
| 16 | BUD | ANHEUSER BUSCH INBEV SA NV | 1.70M | $140.33M | 0.41% | Hold |
| 17 | PCAR | PACCAR INC | 1.00M | $120.12M | 0.35% | Hold |
| 18 | SDGR | SCHRODINGER INC | 6.98M | $113.45M | 0.33% | Hold |
| 19 | MCD | MCDONALDS CORP | 334.90K | $90.53M | 0.26% | Hold |
| 20 | DHR | DANAHER CORP DEL | 373.00K | $71.05M | 0.21% | Hold |
| 21 | KHC | KRAFT HEINZ CO | 2.47M | $58.40M | 0.17% | Hold |
| 22 | HRL | HORMEL FOODS CORP | 2.09M | $51.76M | 0.15% | Hold |
| 23 | ONON | ON HLDG AG | 500.00K | $17.71M | 0.05% | Hold |
| 24 | VLTO | VERALTO CORP | 124.33K | $11.03M | 0.03% | Hold |