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Foundation trust · Long-only 13F filer

Bill & Melinda Gates Foundation Trust

$34.4B+$2.8B vs prior 13FUS long stock positions · not assets under managementSEC EDGAR · 13F-HR · filed 14 August 2026

Bill & Melinda Gates Foundation Trust's latest 13F filing covers the quarter ended 30 June 2026 and was filed 14 August 2026 (45 days after quarter end): 24 disclosed US-listed positions — $34.4 billion in long stock. Two new buys against the prior quarter. Holdings are up to 45 days old by the time they clear EDGAR.

Portfolio · vs S&P 500Bill & Melinda Gates Foundation TrustS&P 500
Sept 2025Bill & Melinda Gates Foundation Trust -6% · S&P: +12%

The line rebuilds Bill & Melinda Gates Foundation Trust's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Portfolio · vs S&P 500Bill & Melinda Gates Foundation TrustS&P 500
Sept 2024Bill & Melinda Gates Foundation Trust -24% · S&P from Sept 2025: +12%

The line rebuilds Bill & Melinda Gates Foundation Trust's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Long stock value$34.4B
Positions24
Top holdingBRK.B · 21.4%
Top sectorIndustrials 65%
New buys · Q2 20262
Exits · Q2 20260

Portfolio reconstructed from SEC EDGAR 13F filings · values as reported · as of Q2 2026

Top holdings — quarter ended 30 June 2026

Largest 15 of 24 positions
PositionValueWeightSharesLast quarter
BRK.BBERKSHIRE HATHAWAY INC DEL$7.4B21.4%14.7MHeld
CATCATERPILLAR INC$6.8B19.7%6.4MHeld
CNICANADIAN NATL RY CO$6.2B18.0%51.8MHeld
WMWASTE MGMT INC DEL$6.0B17.3%26.7MHeld
DEDEERE & CO$2.3B6.6%3.6MHeld
ECLECOLAB INC$1.5B4.2%5.2MHeld
WMTWALMART INC$950.3M2.8%8.4MHeld
FDXFEDEX CORP$746.6M2.2%2.4MHeld
KOFCOCA-COLA FEMSA SAB DE CV$660.3M1.9%6.2MHeld
HDHOME DEPOT INC$352.7M1.0%1.0MNew buy
WCNWASTE CONNECTIONS INC$339.9M1.0%2.0MHeld
MSGSMADISON SQUARE GRDN SPRT COR$238.1M0.7%592.4KHeld
FDXFFEDEX FGHT HLDG CO INC$180.0M0.5%1.2MNew buy
CPNGCOUPANG INC$160.6M0.5%9.2MHeld
WSTWEST PHARMACEUTICAL SVSC INC$159.6M0.5%444.5KHeld

Quarterly changes — quarter ended 30 June 2026

2 changes vs prior quarter
New buys2
Adds0
Trims0
Exits0

What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.

PositionChangeShares movedValue after
HDHOME DEPOT INCNew buy+1.0M$352.7M
FDXFFEDEX FGHT HLDG CO INCNew buy+1.2M$180.0M

Sector allocation

Industrials65%
Financial Services21%
Consumer Defensive5%
Basic Materials4%
Consumer Cyclical2%
Healthcare1%
Communication Services1%
Other / unclassified1%

Holdings by sector

Industrials carries the largest share of disclosed value, at 65%.

Industrials65%
CAT · CNI · DE · FDX · PCAR · VLTO · WCN · WM
Financial Services21%
BRK.B
Consumer Defensive5%
BUD · HRL · KHC · KOF · WMT
Basic Materials4%
ECL
Consumer Cyclical2%
CPNG · HD · MCD
Healthcare1%
DHR · SDGR · WST
Communication Services1%
MSGS
Other / unclassified1%
FDXF · ONON
What is Bill & Melinda Gates Foundation Trust's biggest holding?

As of the quarter ended 30 June 2026, the largest disclosed position was BRK.B (BERKSHIRE HATHAWAY INC DEL), about 21.4% of the disclosed US-listed portfolio by reported value.

What did Bill Gates's Bill & Melinda Gates Foundation Trust buy in Q2 2026?

2 new positions were disclosed for the quarter ended 30 June 2026: HD, FDXF. Adds and trims are listed in the quarterly-changes table on this page.

How concentrated is the portfolio?

Very concentrated. The top five positions are 83% of disclosed value and the top ten are 95%.

When is Bill & Melinda Gates Foundation Trust's next 13F due?

13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Bill & Melinda Gates Foundation Trust files is up to the manager; we show whatever EDGAR receives.

Does this show the whole portfolio?

No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Bill & Melinda Gates Foundation Trust may have already changed these positions since 30 June 2026.

Bill & Melinda Gates Foundation Trust 13F portfolio — holdings and quarterly moves · The Distributed