
	Bill Gates 13F
	Bill & Melinda Gates Foundation Trust

	Last update 2023-11-14	75 Stocks (51 new)
	Value $38.91 Bil	Turnover 0 %
	Countries: Top Holdings: MSFT(31.88%) BRK.B(20.28%) CNI(15.26%) WM(13.80%) CAT(5.16%) Portfolio Report

Bill Gates Profile

Bill Gates is one of the smartest businessmen in the world. He founded Microsoft in 1975 alongside his partner Paul Allen and grew it to be one of the world's largest software developers. Thanks to the success of Microsoft, Bill Gates was the richest man for 15 consecutive years. The portfolio we track here before June 2009 is called Cascade Investment, which is the personal portfolio of Bill Gates. Since June 2009, the portfolio we track is for Bill & Melinda Gates Foundation Trust.

Bill Gates Investing Philosophy

The investments of the trust are managed by an outside team of portfolio managers. Bill and Melinda guide the managers in voting proxies consistent with the principles of good governance and good management. When instructing the investment managers, they also consider other issues beyond corporate profits, including the values that drive the foundation's work. They have defined areas in which the endowment will not invest, such as companies whose profit model is centrally tied to corporate activity that they find egregious.

Bill Gates Portfolio and Latest Trades

Ticker
Ticker
BRK.B
AAPL
IYW
MSFT
META
ELV
AMZN
AMAT
XOM
GOOGL
KBWB
JPM
CVS
LMT
NSC
PFE
AMGN
JNJ
MS
AVGO
ADBE
CVX
PNC
XLK
CSCO
SLB
BKNG
GS
PG
AMP
ORCL
TJX
NVDA
PHM
UPS
TT
ETN
V
TTE
TMO
UNH
CB
UL
AMT
DIS
GOOG
HD
MRK
EMN
PEP
RTX
XLP
LOW
TGT
WMT
BRK.B
BUD
BRK.B
WEBR
BRK.B
HRL
DHR
ECL
MSFT
CNI
WM
BRK.B
DE
WCN
SAFM
FDX
KHC
ECL
CPNG
BRK.B
CNI
MSGS
CVNA
VRM
BRK.B
CCI
WMT
CAT
MSFT
UPS
FDX
CP
TV
GOOG
GOOGL
DE
BRK.B
KSU
MSFT
CP
SAFM
TV
AFRM

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
BRK.B	Berkshire Hathaway Inc	2023-09-30	Reduce	-2.12%	● 340.9 ($354.77) 370.48	$352.08	-0.76%	Reduce -10.39%	22,529,601	-2,613,252
AAPL	Apple Inc	2023-09-30	New Buy	+0.02%	● 170.43 ($183.38) 196.45	$195.11	6.40%	New holding	52,815	52,815
IYW	iShares U.S. Technology ETF	2023-09-30	New Buy	+0.02%	● 103.39 ($108.75) 113.67	$118.08	8.58%	New holding	57,600	57,600
MSFT	Microsoft Corp	2023-09-30	Add	+0.02%	● 312.14 ($330.44) 359.49	$372.68	12.78%	Add 0.05%	39,286,170	21,500
META	Meta Platforms Inc	2023-09-30	New Buy	+0.02%	● 283.25 ($301.3) 325.48	$330.22	9.60%	New holding	27,035	27,035
ELV	Elevance Health Inc	2023-09-30	New Buy	+0.01%	● 414.13 ($453.58) 475.93	$474.39	4.59%	New holding	8,500	8,500
AMZN	Amazon.com Inc	2023-09-30	New Buy	+0.01%	● 125.98 ($134) 144.85	$147.02	9.72%	New holding	44,000	44,000
AMAT	Applied Materials Inc	2023-09-30	New Buy	+0.01%	● 134.04 ($143.4) 153.99	$146.91	2.45%	New holding	22,800	22,800
XOM	Exxon Mobil Corp	2023-09-30	New Buy	+0.01%	● 100.92 ($109.68) 120.2	$98.81	-9.91%	New holding	17,000	17,000
GOOGL	Alphabet Inc	2023-09-30	New Buy	+0.01%	● 116.45 ($129.36) 138.21	$134.87	4.26%	New holding	38,400	38,400
KBWB	Invesco KBW Bank ETF	2023-09-30	New Buy	+0.01%	● 39.52 ($42.64) 45.81	$45.55	6.82%	New holding	50,270	50,270
JPM	JPMorgan Chase & Co	2023-09-30	New Buy	+0.01%	● 143.21 ($149.9) 158	$157.94	5.37%	New holding	29,600	29,600
CVS	CVS Health Corp	2023-09-30	New Buy	+0.01%	● 65.17 ($70.86) 76.41	$74.67	5.38%	New holding	32,500	32,500
LMT	Lockheed Martin Corp	2023-09-30	New Buy	+0.01%	● 408.72 ($443.64) 469.97	$447.66	0.91%	New holding	5,900	5,900
NSC	Norfolk Southern Corp	2023-09-30	New Buy	+0.01%	● 195.64 ($216.16) 237.49	$222.38	2.88%	New holding	11,700	11,700
PFE	Pfizer Inc	2023-09-30	New Buy	+0.01%	● 32.09 ($35.36) 37.51	$28.74	-18.72%	New holding	68,000	68,000
AMGN	Amgen Inc	2023-09-30	New Buy	+0.01%	● 218.65 ($249.56) 271.46	$269.67	8.06%	New holding	11,050	11,050
JNJ	Johnson & Johnson	2023-09-30	New Buy	+0.01%	● 155.75 ($165.01) 174.48	$154.19	-6.56%	New holding	14,945	14,945
MS	Morgan Stanley	2023-09-30	New Buy	+0.01%	● 81.65 ($86.82) 94.67	$82.03	-5.51%	New holding	27,880	27,880
AVGO	Broadcom Inc	2023-09-30	New Buy	+0.01%	● 808.36 ($866.82) 922.89	$920.91	6.24%	New holding	6,500	6,500
ADBE	Adobe Inc	2023-09-30	New Buy	+0.01%	● 481.29 ($524.63) 564.88	$605.24	15.36%	New holding	5,485	5,485
CVX	Chevron Corp	2023-09-30	New Buy	+0.01%	● 152.88 ($161.52) 171.04	$143.87	-10.93%	New holding	21,500	21,500
PNC	PNC Financial Services Group Inc	2023-09-30	New Buy	+0.01%	● 115.77 ($125.83) 136.89	$140.25	11.46%	New holding	17,400	17,400
XLK	Technology Select Sector SPDR ETF	2023-09-30	New Buy	+0.01%	● 161.97 ($171.51) 180.26	$186.11	8.51%	New holding	24,300	24,300
CSCO	Cisco Systems Inc	2023-09-30	New Buy	+0.01%	● 50.38 ($53.95) 57.84	$48.38	-10.32%	New holding	62,000	62,000
SLB	SLB	2023-09-30	New Buy	+0.01%	● 49.12 ($57.99) 62.1	$48.32	-16.68%	New holding	47,005	47,005
BKNG	Booking Holdings Inc	2023-09-30	New Buy	+0.01%	● 2632.69 ($3027.95) 3243.01	$3,270.59	8.01%	New holding	1,650	1,650
GS	The Goldman Sachs Group Inc	2023-09-30	New Buy	+0.01%	● 313 ($334.12) 358.93	$348.83	4.40%	New holding	7,060	7,060
PG	Procter & Gamble Co	2023-09-30	New Buy	+0.01%	● 145.86 ($152.75) 157.09	$144.90	-5.14%	New holding	22,975	22,975
AMP	Ameriprise Financial Inc	2023-09-30	New Buy	+0.01%	● 326.95 ($341.28) 356.9	$355.83	4.26%	New holding	12,400	12,400
ORCL	Oracle Corp	2023-09-30	New Buy	+0.01%	● 104.62 ($115.75) 126.71	$112.63	-2.70%	New holding	39,800	39,800
TJX	TJX Companies Inc	2023-09-30	New Buy	+0.01%	● 82.7 ($88.05) 93.59	$88.97	1.04%	New holding	42,500	42,500
NVDA	NVIDIA Corp	2023-09-30	New Buy	+0.01%	● 408.55 ($448.03) 493.55	$474.40	5.89%	New holding	9,165	9,165
PHM	PulteGroup Inc	2023-09-30	New Buy	+0.01%	● 73.2 ($79.71) 86.01	$95.56	19.89%	New holding	53,500	53,500
UPS	United Parcel Service Inc	2023-09-30	Add	+0.01%	● 151.9 ($172.61) 188.34	$156.55	-9.30%	Add 1.94%	755,089	14,400
TT	Trane Technologies PLC	2023-09-30	New Buy	+0.01%	● 189.19 ($200.33) 210.4	$231.35	15.48%	New holding	15,900	15,900
ETN	Eaton Corp PLC	2023-09-30	New Buy	+0.01%	● 197.75 ($215.58) 238.04	$232.21	7.71%	New holding	26,100	26,100
V	Visa Inc	2023-09-30	New Buy	+0.01%	● 229.5 ($240.37) 248.11	$254.78	5.99%	New holding	14,000	14,000
TTE	TotalEnergies SE	2023-09-30	New Buy	+0.01%	● 55.39 ($61.84) 66.84	$66.33	7.26%	New holding	38,500	38,500
TMO	Thermo Fisher Scientific Inc	2023-09-30	New Buy	+0.01%	● 498.29 ($532.87) 574.41	$489.31	-8.17%	New holding	5,675	5,675
UNH	UnitedHealth Group Inc	2023-09-30	New Buy	+0.01%	● 447.75 ($492.14) 510.93	$547.00	11.15%	New holding	5,665	5,665
CB	Chubb Ltd	2023-09-30	New Buy	+0.01%	● 188.09 ($202.16) 214.27	$222.62	10.12%	New holding	10,250	10,250
UL	Unilever PLC	2023-09-30	New Buy	+0.01%	● 48.8 ($51.37) 54.19	$47.37	-7.79%	New holding	72,610	72,610
AMT	American Tower Corp	2023-09-30	New Buy	0%	● 159.69 ($182.65) 198.36	$205.16	12.33%	New holding	11,000	11,000
DIS	The Walt Disney Co	2023-09-30	New Buy	0%	● 79.9 ($85.41) 91.76	$92.78	8.63%	New holding	16,800	16,800
GOOG	Alphabet Inc	2023-09-30	New Buy	0%	● 116.87 ($130.02) 138.99	$136.40	4.91%	New holding	14,000	14,000
HD	The Home Depot Inc	2023-09-30	New Buy	0%	● 301.82 ($321.6) 333.84	$326.36	1.48%	New holding	5,692	5,692
MRK	Merck & Co Inc	2023-09-30	New Buy	0%	● 102.95 ($107.78) 114.33	$102.96	-4.47%	New holding	17,740	17,740
EMN	Eastman Chemical Co	2023-09-30	New Buy	0%	● 74.64 ($82.97) 88.59	$85.07	2.53%	New holding	25,000	25,000
PEP	PepsiCo Inc	2023-09-30	New Buy	0%	● 169.44 ($181.62) 191.6	$165.57	-8.84%	New holding	9,700	9,700
RTX	RTX Corp	2023-09-30	New Buy	0%	● 71.58 ($85.64) 98.39	$81.42	-4.93%	New holding	20,200	20,200
XLP	Consumer Staples Select Sector SPDR	2023-09-30	New Buy	0%	● 68.8 ($73.19) 76.1	$70.06	-4.28%	New holding	25,500	25,500
LOW	Lowe's Companies Inc	2023-09-30	New Buy	0%	● 206.96 ($224.96) 235.09	$206.98	-7.99%	New holding	8,983	8,983
TGT	Target Corp	2023-09-30	New Buy	0%	● 109.48 ($126.96) 136.47	$135.37	6.62%	New holding	15,200	15,200
WMT	Walmart Inc	2023-09-30	Add	0%	● 153.49 ($159.64) 165.25	$150.81	-5.53%	Add 0.31%	3,030,159	9,300
BRK.B	Berkshire Hathaway Inc	2023-06-30	Add	+4.42%	● 308.77 ($326.09) 341	$352.08	7.97%	Add 27.69%	25,142,853	5,453,008
BUD	Anheuser-Busch InBev SA/NV	2023-06-30	New Buy	+0.23%	● 53.4 ($60.58) 66.73	$62.88	3.80%	New holding	1,703,000	1,703,000
BRK.B	Berkshire Hathaway Inc	2023-03-31	Reduce	-4.32%	● 293.51 ($308.18) 320.37	$352.08	14.24%	Reduce -20.25%	19,689,845	-5,000,000
WEBR	Weber Inc	2023-03-31	Sold Out	-0.06%	● 8.08 ($8.15) 8.23	$8.12	-0.37%	Sold Out	0	-2,500,000
BRK.B	Berkshire Hathaway Inc	2022-12-31	Reduce	-3.93%	● 264 ($296.98) 318.6	$352.08	18.55%	Reduce -16.84%	24,689,845	-5,000,000
HRL	Hormel Foods Corp	2022-12-31	New Buy	+0.28%	● 44.54 ($46.56) 49.41	$31.50	-32.36%	New holding	2,195,290	2,195,290
DHR	Danaher Corp	2022-12-31	New Buy	+0.28%	● 241.42 ($261.48) 282.29	$217.34	-16.88%	New holding	373,000	373,000
ECL	Ecolab Inc	2022-12-31	Add	+0.14%	● 131.35 ($146.92) 157.77	$191.59	30.40%	Add 7.23%	5,218,044	351,617
MSFT	Microsoft Corp	2022-09-30	Add	+26.26%	● 232.9 ($264.05) 293.47	$372.68	41.14%	Add 4056.66%	39,264,670	38,320,050
CNI	Canadian National Railway Co	2022-09-30	Add	+14.15%	● 107.99 ($119.14) 128.76	$118.38	-0.64%	Add 433.41%	54,826,786	44,548,156
WM	Waste Management Inc	2022-09-30	Add	+7.83%	● 149.27 ($165.07) 175.29	$172.84	4.71%	Add 89.09%	35,234,344	16,600,672
BRK.B	Berkshire Hathaway Inc	2022-09-30	Reduce	-7.72%	● 264.32 ($284.56) 306.65	$352.08	23.73%	Reduce -14.41%	29,689,845	-5,000,000
DE	Deere & Co	2022-09-30	Add	+2.97%	● 289.14 ($342.56) 388.15	$361.74	5.60%	Add 335.47%	3,917,693	3,018,038
WCN	Waste Connections Inc	2022-09-30	New Buy	+0.85%	● 122.43 ($136.35) 148	$137.89	1.13%	New holding	2,149,175	2,149,175
SAFM	Sanderson Farms Inc	2022-09-30	Sold Out	-0.64%	● 204 ($211.78) 216.46	$204.00	-3.67%	Sold Out	0	-524,236
FDX	FedEx Corp	2022-09-30	Add	+0.44%	● 142.9 ($211.05) 238.22	$272.28	29.01%	Add 187.14%	1,534,362	1,000,000
KHC	The Kraft Heinz Co	2022-09-30	New Buy	+0.26%	● 32.95 ($37.15) 39.18	$36.51	-1.72%	New holding	2,622,600	2,622,600
ECL	Ecolab Inc	2022-09-30	Add	+0.21%	● 144.03 ($162.23) 177.02	$191.59	18.10%	Add 11.45%	4,866,427	500,000
CPNG	Coupang Inc	2022-09-30	Add	+0.17%	● 14.25 ($17.29) 19.76	$15.53	-10.21%	Add 61.84%	9,248,045	3,533,760
BRK.B	Berkshire Hathaway Inc	2022-06-30	Add	+9.27%	● 267.52 ($314.34) 353.1	$352.08	12.01%	Add 20.93%	34,689,845	6,003,166
CNI	Canadian National Railway Co	2022-06-30	Reduce	-1.89%	● 107.76 ($117.14) 134.14	$118.38	1.06%	Reduce -21.33%	10,278,630	-2,787,539
MSGS	Madison Square Garden Sports Corp	2022-06-30	Add	+0.27%	● 145.96 ($162.56) 181.07	$169.87	4.50%	Add 112.98%	592,406	314,259
CVNA	Carvana Co	2022-06-30	New Buy	+0.07%	● 20.92 ($53.66) 132.96	$39.08	-27.18%	New holding	520,000	520,000
VRM	Vroom Inc	2022-06-30	New Buy	+0.02%	● 1.07 ($1.59) 2.83	$0.69	-56.79%	New holding	2,500,000	2,500,000
BRK.B	Berkshire Hathaway Inc	2022-03-31	Reduce	-6.51%	● 300.79 ($323.34) 359.57	$352.08	8.89%	Reduce -14.84%	28,686,679	-5,000,000
CCI	Crown Castle International Corp	2022-03-31	Reduce	-2.86%	● 159.93 ($177.85) 207.74	$115.08	-35.29%	Reduce -68.89%	1,420,072	-3,143,974
WMT	Walmart Inc	2022-03-31	Reduce	-2.46%	● 133.53 ($140.86) 149.87	$150.81	7.06%	Reduce -56.36%	3,020,859	-3,900,880
CAT	Caterpillar Inc	2022-03-31	Reduce	-2.10%	● 182.83 ($209.75) 229.87	$259.28	23.61%	Reduce -24.07%	7,353,614	-2,331,518
MSFT	Microsoft Corp	2022-03-31	Reduce	-1.46%	● 275.85 ($300.8) 334.75	$372.68	23.89%	Reduce -51.25%	944,620	-993,083
UPS	United Parcel Service Inc	2022-03-31	Reduce	-1.44%	● 194.83 ($212.34) 232.11	$156.55	-26.27%	Reduce -67.57%	740,689	-1,543,326
FDX	FedEx Corp	2022-03-31	Reduce	-1.08%	● 201.09 ($235.12) 264.91	$272.28	15.80%	Reduce -64.23%	534,362	-959,350
CP	Canadian Pacific Railway Ltd	2022-03-31	Sold Out	-0.78%	● 68.8 ($75.22) 83.58	$73.65	-2.09%	Sold Out	0	-2,478,545
TV	Grupo Televisa SAB	2022-03-31	Sold Out	-0.29%	● 9.19 ($10.37) 11.71	$3.20	-69.14%	Sold Out	0	-7,038,529
GOOG	Alphabet Inc	2022-03-31	Sold Out	-0.27%	● 126.46 ($135.95) 148.04	$136.40	0.33%	Sold Out	0	-21,491
GOOGL	Alphabet Inc	2022-03-31	Sold Out	-0.27%	● 125.95 ($135.83) 148	$134.87	-0.71%	Sold Out	0	-21,554
DE	Deere & Co	2022-03-31	Reduce	-0.20%	● 337.52 ($382.92) 436.45	$361.74	-5.53%	Reduce -12.96%	899,655	-133,943
BRK.B	Berkshire Hathaway Inc	2021-12-31	Reduce	-5.88%	● 273.64 ($286.71) 300.17	$352.08	22.80%	Reduce -12.92%	33,686,679	-5,000,000
KSU	Kansas City Southern	2021-12-31	Sold Out	-2.56%	● 276.49 ($299.1) 311.4	$293.59	-1.84%	Sold Out	0	-2,190,000
MSFT	Microsoft Corp	2021-12-31	Reduce	-1.22%	● 283.11 ($325.12) 343.11	$372.68	14.63%	Reduce -34.04%	1,937,703	-1,000,000
CP	Canadian Pacific Railway Ltd	2021-12-31	New Buy	+0.78%	● 66.43 ($73.15) 77.89	$73.65	0.68%	New holding	2,478,545	2,478,545
SAFM	Sanderson Farms Inc	2021-12-31	New Buy	+0.44%	● 186.19 ($188.37) 191.5	$204.00	8.30%	New holding	524,236	524,236
TV	Grupo Televisa SAB	2021-12-31	Reduce	-0.44%	● 9.04 ($10.22) 11.98	$3.20	-68.69%	Reduce -56.83%	7,038,529	-9,264,360
AFRM	Affirm Holdings Inc	2021-12-31	Sold Out	-0.02%	● 97.37 ($131.88) 168.52	$40.69	-69.14%	Sold Out	0	-35,229

100/Page

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