Q2 2026 · SEC CIK 0001166559

Bill Gates portfolio

SuperinvestorEndowment & foundationGates Foundation Trust filed on 2026-08-14. Open SEC filings ↗

Reported 13F value: $34.4B
Reported positions: 24
Eligible equities: 23
Holdings vs S&P 500, 3 years: -5.3 pts

Average holding period of the top positions: 12.6 yrs. Holdings vs the S&P 500 over 1 and 5 years: -5.8 pts, -0.3 pts.

In its Q2 2026 13F, filed 2026-08-14, Gates Foundation Trust reported 24 positions worth $34.4B. Its largest holdings were BERKSHIRE HATHAWAY INC DEL (BRK-B, 21.4%), CATERPILLAR INC (CAT, 19.7%), CANADIAN NATL RY CO (CNI, 18.0%). Over the last 3 years its top holdings ran 5.3 points a year behind the S&P 500.

Reported holdings in the Q2 2026 snapshot.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare Q1 2026 to Q2 2026; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Bill & Melinda Gates Foundation Trust eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
BRK-BBERKSHIRE HATHAWAY INC DEL	21.4%	25.8%	-4.45 pp	14,689,844	$7.4B
CATCATERPILLAR INC	19.7%	14.2%	+5.44 pp	6,353,614	$6.8B
CNICANADIAN NATL RY CO	18.0%	16.8%	+1.13 pp	51,826,786	$6.2B
WMWASTE MGMT INC DEL	17.3%	20.1%	-2.76 pp	26,720,744	$6.0B
DEDEERE & CO	6.6%	6.3%	+0.23 pp	3,557,378	$2.3B
ECLECOLAB INC	4.2%	4.4%	-0.16 pp	5,218,044	$1.5B
WMTWALMART INC	2.8%	3.3%	-0.53 pp	8,390,477	$950.3M
FDXFEDEX CORP	2.2%	2.7%	-0.51 pp	2,384,362	$746.6M
KOFCOCA-COLA FEMSA SAB DE CV	1.9%	1.9%	+0.00 pp	6,214,719	$660.3M
HDHOME DEPOT INC	1.0%	New	New	1,000,000	$352.7M
WCNWASTE CONNECTIONS INC	1.0%	1.0%	-0.06 pp	2,039,175	$339.9M
MSGSMADISON SQUARE GRDN SPRT COR	0.7%	0.6%	+0.09 pp	592,406	$238.1M
FDXFFEDEX FGHT HLDG CO INC	0.5%	New	New	1,192,181	$180.0M
CPNGCOUPANG INC	0.5%	0.6%	-0.08 pp	9,248,045	$160.6M
WSTWEST PHARMACEUTICAL SVSC INC	0.5%	0.4%	+0.11 pp	444,500	$159.6M
BUDANHEUSER BUSCH INBEV SA NV	0.4%	0.4%	+0.03 pp	1,703,000	$140.3M
PCARPACCAR INC	0.3%	0.4%	-0.02 pp	1,000,000	$120.1M
SDGRSCHRODINGER INC	0.3%	0.3%	+0.08 pp	6,981,664	$113.5M
MCDMCDONALDS CORP	0.3%	0.3%	-0.07 pp	334,900	$90.5M
DHRDANAHER CORP DEL	0.2%	0.2%	-0.02 pp	373,000	$71.0M
KHCKRAFT HEINZ CO	0.2%	0.2%	-0.01 pp	2,472,600	$58.4M
HRLHORMEL FOODS CORP	0.1%	0.1%	+0.00 pp	2,085,290	$51.8M
VLTOVERALTO CORP	0.0%	0.0%	-0.00 pp	124,333	$11.0M

What Bill Gates bought and sold in Q2 2026, against Q1 2026.

New positions

HD Home Depot Inc Com1.0% of 13F
FDXF Fedex Fght Hldg Co Inc0.5% of 13F

Added to

No position grew by more than 5%.

Reduced

BRK-B Berkshire Hathaway Inc Del-13.8% shares

Sold out

Nothing sold out.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +13.4% /yr; S&P 500 +20.1%
3 years: +14.4% /yr; S&P 500 +20.4%
5 years: +11.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Bill Gates's portfolio

Who is Bill Gates?

Bill Gates is the co-founder of Bill & Melinda Gates Foundation Trust, an endowment & foundation that files its US stock holdings with the SEC on Form 13F under the name Gates Foundation Trust.

What stocks does Bill Gates own?

Gates Foundation Trust's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 24 positions worth $34.4B. The largest are Berkshire Hathaway Inc Del (BRK-B) at 21.4%, Caterpillar Inc Com (CAT) at 19.7%, Canadian Natl Ry Co (CNI) at 18.0%, Waste Mgmt Inc Del (WM) at 17.3% and Deere & Co Com (DE) at 6.6%.

What did Bill Gates buy last quarter?

In Q2 2026, Gates Foundation Trust added a new position in Home Depot Inc Com (HD) and a new position in Fedex Fght Hldg Co Inc (FDXF), compared with its Q1 2026 filing.

What did Bill Gates sell last quarter?

In Q2 2026, Gates Foundation Trust Berkshire Hathaway Inc Del (BRK-B) (-13.8% shares), compared with its Q1 2026 filing.

How has Bill Gates's portfolio performed?

A portfolio copying Gates Foundation Trust's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.4% against +20.1%. Over 5 years: +11.6% a year against +11.6%.

When is Gates Foundation Trust's next 13F filing due?

13F filings are due 45 days after each quarter ends. Gates Foundation Trust's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.