GATES FOUNDATION TRUST

Q3 2025 13F-HR Holdings

Location
Kirkland, WA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
23
Total value ($000)
$36,583,755
Net value change ($000)
-11,196,605 (-23.4%)
New positions
0
Sold out positions
2
Turnover %
0.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CAT 176,881 6.2%
ECL 23,064 1.6%
CPNG 20,716 7.5%
WST 19,349 19.9%
MSGS 10,693 8.6%
MCD 3,925 4.0%
PCAR 3,260 3.4%
VLTO 704 5.6%
DHR 269 0.4%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -8,267,182 -63.5%
WM -986,292 -13.4%
CNI -816,913 -14.3%
BRK-B -776,313 -6.6%
DE -182,244 -10.1%
CCI -145,884 -100.0%
KOF -84,707 -14.1%
UPS -76,219 -100.0%
WCN -42,807 -10.7%
WMT -24,144 -2.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type