Bill Gates
Gates Foundation Trust
The Gates Foundation Trust's US stock portfolio, which holds the foundation's endowment. Large positions include Microsoft and Berkshire.
13F portfolio value
Q2 2026
$34.42B
1-year growth
-28.0%
2-year growth
-27.8%
Positions
24
Top 10 share
94.9%
Quarterly turnover
1.5%
Last filed
Aug 14, 2026
Source: SEC EDGAR · Photo: Bogdan Hoyaux / European Union (CC BY 4.0)
Q2 2026: summary
MakklerAI- In Q2 2026, the portfolio was $34.4B across 24 positions, up from $31.7B and 22 positions in Q1; the top 10 made up 94.9%.
- New positions were HD at $353M (1.0% of the portfolio) and FDXF at $180M (0.5%); there were no full exits.
- BRK-B shares fell 13.8% to a $7.4B position (21.4% weight), while WM shares declined 3.3% to $6.0B (17.3%).
- CAT’s portfolio weight rose from 14.2% to 19.7% and CNI’s from 16.8% to 18.0%; shares in both were unchanged.
PROStill at the same price?
A 13F arrives 45 days late. See the estimated buy price of the other 22 positions, the move since, and where each stands against Makkler Fair Value with MakklerPRO.
BRK-BBerkshire Hathaway Inc. Class B21.4%-13.8%- Price
- $520.59
- Since est. buy
- +8.3%
- Fair Value gap
- +10.5%
CATCaterpillar Inc.19.7%Unchanged- Price
- $772.78
- Since est. buy
- -12.0%
- Fair Value gap
- -39.9%
CNICanadian Natl Railway Co18.0%Unchanged- Price
- $118.91
- Since est. buy
- Fair Value gap
WMWaste Management, Inc.17.3%-3.3%- Price
- $211.83
- Since est. buy
- Fair Value gap
DEDeere & Company6.6%Unchanged- Price
- $650.00
- Since est. buy
- Fair Value gap
ECLEcolab Inc.4.2%Unchanged- Price
- $285.66
- Since est. buy
- Fair Value gap
WMTWalmart Inc.2.8%Unchanged- Price
- $112.28
- Since est. buy
- Fair Value gap
FDXFedEx Corporation2.2%Unchanged- Price
- $290.59
- Since est. buy
- Fair Value gap
KOFCoca-Cola Femsa Sab-Sp Adr1.9%Unchanged- Price
- $115.60
- Since est. buy
- Fair Value gap
HDHome Depot, Inc.1.0%New- Price
- $293.92
- Since est. buy
- Fair Value gap
WCNWaste Connections Inc1.0%Unchanged- Price
- $153.67
- Since est. buy
- Fair Value gap
MSGSMadison Square Garden Sports Corp. Class A0.7%Unchanged- Price
- $404.15
- Since est. buy
- Fair Value gap
FDXFFedEx Freight Holding Company, Inc.0.5%New- Price
- $110.09
- Since est. buy
- Fair Value gap
CPNGCoupang, Inc. Class A0.5%Unchanged- Price
- $15.12
- Since est. buy
- Fair Value gap
WSTWest Pharmaceutical Services, Inc.0.5%Unchanged- Price
- $371.82
- Since est. buy
- Fair Value gap
BUDAnheuser-Busch Inbev-Spn Adr0.4%Unchanged- Price
- $78.62
- Since est. buy
- Fair Value gap
PCARPACCAR Inc0.3%Unchanged- Price
- $107.98
- Since est. buy
- Fair Value gap
SDGRSchrodinger, Inc.0.3%Unchanged- Price
- $25.89
- Since est. buy
- Fair Value gap
MCDMcDonald's Corporation0.3%Unchanged- Price
- $235.81
- Since est. buy
- Fair Value gap
DHRDanaher Corporation0.2%Unchanged- Price
- $222.84
- Since est. buy
- Fair Value gap
KHCKraft Heinz Company0.2%Unchanged- Price
- $22.43
- Since est. buy
- Fair Value gap
HRLHormel Foods Corporation0.2%Unchanged- Price
- $19.21
- Since est. buy
- Fair Value gap
- ONOn Hldg AgOn Hldg Ag<0.1%Unchanged
- Price
- —
- Since est. buy
- Fair Value gap
VLTOVeralto Corporation<0.1%Unchanged- Price
- $98.99
- Since est. buy
- Fair Value gap
Values are US dollar amounts as of the filing. The estimated buy price is the quarter's average close; Fair Value is the same model as on Makkler's stock pages.
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Explore this quarter's moves and where each position stands against its estimated buy price and Makkler Fair Value. Answers are based on the 13F and today's prices.