The Bill & Melinda Gates Foundation Trust manages the assets of the foundation of the same name run by Microsoft co-founder Bill Gates and his ex-wife Melinda. These were the largest equity holdings in the third quarter of 2023.
Professional investors with at least $100 million in assets under management are required to report their holdings to the U.S. Securities and Exchange Commission (SEC) on a quarterly basis. This is done using the so-called 13F form, which is publicly available at the authority.
As of the third quarter of 2023, the Bill & Melinda Gates Foundation Trust comprised a portfolio value of $38.9 billion – also qualifying for Form 13F filings with the SEC. The trust was set up to hold the assets of the Microsoft co-founder in 1999 Bill Gates to manage the foundation set up by his ex-wife Melinda. The nonprofit organization works to improve healthcare and access to education worldwide. The couple are now separated, but continue to run the nonprofit organization together.
The following ranking shows the ten largest stock positions that were in the Bill & Melinda Gates Foundation Trust in the third quarter of 2023. The data is as of September 30, 2023.
Editorial team finanzen.net
11th place: The ranking
The Bill & Melinda Gates Foundation Trust manages the assets of the foundation of the same name run by Microsoft co-founder Bill Gates and his ex-wife Melinda. As of the third quarter of 2023, the value of the holdings was $38.9 billion, requiring the Gates to report quarterly on their holdings to the US Securities and Exchange Commission (SEC). The ranking shows the ten largest shareholdings in the trust, weighted in percentage terms by share. The data is as of September 30, 2023.
Source: sec.gov, Image: JamesWMfoto / Shutterstock.com
10th place: FedEx
The parcel service provider FedEx took tenth place in the Gates ranking in the third quarter of 2023 – just like in the previous quarter. The Gates Foundation also did not change the number of shares in the portfolio: the 1,534,362 shares of the UPS competitor from the second quarter of 2023 are still in the Bill & Melinda Gates Foundation Trust. On September 30, 2023, they were worth $406.483 million on the stock market, corresponding to 1.04 percent of all the former spouses’ holdings.
Source: sec.gov, Image: ricochet64 / Shutterstock.com
9th place: Walmart
Shares in the US retail chain Walmart narrowly missed eighth place in the Gates ranking in the third quarter of 2023. The foundation added 9,300 additional shares of the supermarket giant to its portfolio and now has 3,030,159 Walmart shares. As of the reporting date, the market value of the expanded holding amounted to $484.613 million, which corresponded to 1.25 percent of the trust.
Source: sec.gov, Image: www.walmart.com
8th place: Coca-Cola FEMSA
The Mexican Coca-Cola subsidiary Coca-Cola FEMSA was also in eighth place among the Bill & Melinda Gates Foundation Trust’s largest holdings in the third quarter of 2023. The philanthropists still held 6,214,719 banknotes from the bottler in their depot, which had a market value of 487.482 million US dollars. This corresponds to a share of 1.25 percent of the entire trust.
Source: sec.gov, Image: oneinchpunch / Shutterstock.com
7th place: Ecolab
Even in seventh place, there were no changes in the Bill & Melinda Gates Foundation Trust’s portfolio in the last quarter. The 5,218,044 papers from water hygiene specialist Ecolab were not touched. In total, the holding was worth $883.936 million at the end of September, which corresponds to 2.27 percent of all positions in the Gates Trust.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
6th place: Deere & Co.
The manufacturer of agricultural equipment Deere & Co. is still in sixth place in the Gates ranking with 3,917,693 shares, which the foundation did not shake in the last quarter. At the end of September, these had a market value of no less than 1.478 billion US dollars. This means that the titles of the tractor manufacturer, which is best known for its main brand John Deere, take up 3.80 percent of the entire portfolio of the Bill & Melinda Gates Foundation Trust.
Source: sec.gov, Image: JCLobo / Shutterstock.com
5th place: Caterpillar
The mechanical engineering company Caterpillar heralds the top 5 in the Bill & Melinda Gates Foundation Trust ranking. Here too, Bill and Melinda Gates kept their feet still and left the 7,353,614 shares unchanged in the third quarter of 2023. On the stock exchange, the stake was worth $2.008 billion as of the reporting date – 5.16 percent of the entire portfolio.
Source: sec.gov, Image: James Mattil / Shutterstock.com
4th place: Waste Management
The foundation left its 35,234,344 shares in the waste management company Waste Management unchanged in the past quarter. At the end of the quarter, the value of the stake was $5.371 billion. The Waste Management shares thus took up 13.80 percent of the Gates Trust’s portfolio.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
3rd place: Canadian National Railway
The shares of the Canadian railway company Canadian National Railway once again occupied third place in the Gates ranking. In the third quarter of 2023, the Gateses did not touch the position and retained all 54,826,786 shares of the company. As of the reporting date, Canadian National Railway shares were worth $5.939 billion on the stock exchange, which corresponds to a share of 15.26 percent of the total portfolio.
Source: sec.gov, Image: bunlee / Shutterstock.com
2nd place: Berkshire Hathaway B
There were no surprises in second place in the third quarter of 2023 either. Although the Gates Trust sold 2,613,252 Berkshire Hathaway B shares during the period under review, the company headed by investment legend Warren Buffett remains in second place in the ranking. There were 22,529,601 shares remaining, which were worth $7.892 billion at the end of September. This corresponded to 20.28 percent of the entire portfolio. Buffett was himself a trustee of the foundation until 2021. Since leaving office, he has continued to support the organization with a regular donation of B shares in his investment company, which have fewer voting rights compared to A shares.
Source: sec.gov, Image: 360b / Shutterstock.com
1st place: Microsoft
Once again in first place in the Gates ranking: the shares of the Windows developer Microsoft, co-founded by Bill Gates. In the third quarter of 2023, the foundation increased its portfolio by 21,500 Microsoft shares to a total of 39,286,170 shares. As of the reporting date, the securities on the stock exchange were worth 12.404 billion US dollars, which corresponds to 31.88 percent of the entire foundation portfolio.
Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com
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