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GATES FOUNDATION TRUST

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13F filer, CIK 1166559, KIRKLAND, WA

GATES FOUNDATION TRUST reported $35,360,093,535 across 23 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 95.68% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-016458

Period
2025-12-31
Reported value
$35.4B
Holdings
23
Top 10 weight
95.68%
New
0
Sold out
0

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BRK-Breduced-2,358,460-$1.19B
MSFTreduced-1,500,000-$725M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001104659-26-016458, largest first. % of portfolio is the value over $35,360,093,535, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,137,613 shares; 2024Q4: 19,655,024 shares; 2025Q1: 17,172,435 shares; 2025Q2: 24,123,684 shares; 2025Q3: 21,765,224 shares; 2025Q4: 19,406,764 shares 19,406,764$9.75B27.59%-2,358,460Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,234,344 shares; 2024Q4: 32,234,344 shares; 2025Q1: 32,234,344 shares; 2025Q2: 32,234,344 shares; 2025Q3: 28,934,344 shares; 2025Q4: 28,934,344 shares 28,934,344$6.36B17.98%0Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,826,786 shares; 2024Q4: 54,826,786 shares; 2025Q1: 54,826,786 shares; 2025Q2: 54,826,786 shares; 2025Q3: 51,826,786 shares; 2025Q4: 51,826,786 shares 51,826,786$5.12B14.49%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,957,247 shares; 2024Q4: 28,457,247 shares; 2025Q1: 28,457,247 shares; 2025Q2: 26,191,207 shares; 2025Q3: 9,191,207 shares; 2025Q4: 7,691,207 shares 7,691,207$3.72B10.52%-1,500,000Timeline
CATCATERPILLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,353,614 shares; 2024Q4: 7,353,614 shares; 2025Q1: 7,353,614 shares; 2025Q2: 7,353,614 shares; 2025Q3: 6,353,614 shares; 2025Q4: 6,353,614 shares 6,353,614$3.64B10.29%0Timeline
DEDEERE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,557,378 shares; 2024Q4: 3,557,378 shares; 2025Q1: 3,557,378 shares; 2025Q2: 3,557,378 shares; 2025Q3: 3,557,378 shares; 2025Q4: 3,557,378 shares 3,557,378$1.66B4.68%0Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,218,044 shares; 2024Q4: 5,218,044 shares; 2025Q1: 5,218,044 shares; 2025Q2: 5,218,044 shares; 2025Q3: 5,218,044 shares; 2025Q4: 5,218,044 shares 5,218,044$1.37B3.87%0Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,090,477 shares; 2024Q4: 9,090,477 shares; 2025Q1: 9,090,477 shares; 2025Q2: 9,090,477 shares; 2025Q3: 8,390,477 shares; 2025Q4: 8,390,477 shares 8,390,477$935M2.64%0Timeline
FDXFEDEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,534,362 shares; 2024Q4: 2,534,362 shares; 2025Q1: 2,534,362 shares; 2025Q2: 2,534,362 shares; 2025Q3: 2,384,362 shares; 2025Q4: 2,384,362 shares 2,384,362$689M1.95%0Timeline
KOFCOCA-COLA FEMSA SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,214,719 shares; 2024Q4: 6,214,719 shares; 2025Q1: 6,214,719 shares; 2025Q2: 6,214,719 shares; 2025Q3: 6,214,719 shares; 2025Q4: 6,214,719 shares 6,214,719$589M1.66%0Timeline
WCNWASTE CONNECTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,149,175 shares; 2024Q4: 2,149,175 shares; 2025Q1: 2,149,175 shares; 2025Q2: 2,149,175 shares; 2025Q3: 2,039,175 shares; 2025Q4: 2,039,175 shares 2,039,175$358M1.01%0Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,248,045 shares; 2024Q4: 9,248,045 shares; 2025Q1: 9,248,045 shares; 2025Q2: 9,248,045 shares; 2025Q3: 9,248,045 shares; 2025Q4: 9,248,045 shares 9,248,045$218M0.62%0Timeline
MSGSMADISON SQUARE GRDN SPRT CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 592,406 shares; 2024Q4: 592,406 shares; 2025Q1: 592,406 shares; 2025Q2: 592,406 shares; 2025Q3: 592,406 shares; 2025Q4: 592,406 shares 592,406$153M0.43%0Timeline
SDGRSCHRODINGER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,981,664 shares; 2024Q4: 6,981,664 shares; 2025Q1: 6,981,664 shares; 2025Q2: 6,981,664 shares; 2025Q3: 6,981,664 shares; 2025Q4: 6,981,664 shares 6,981,664$125M0.35%0Timeline
WSTWEST PHARMACEUTICAL SVSC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 444,500 shares; 2025Q2: 444,500 shares; 2025Q3: 444,500 shares; 2025Q4: 444,500 shares 444,500$122M0.35%0Timeline
PCARPACCAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000,000 shares; 2024Q4: 1,000,000 shares; 2025Q1: 1,000,000 shares; 2025Q2: 1,000,000 shares; 2025Q3: 1,000,000 shares; 2025Q4: 1,000,000 shares 1,000,000$110M0.31%0Timeline
BUDANHEUSER BUSCH INBEV SA NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,703,000 shares; 2024Q4: 1,703,000 shares; 2025Q1: 1,703,000 shares; 2025Q2: 1,703,000 shares; 2025Q3: 1,703,000 shares; 2025Q4: 1,703,000 shares 1,703,000$109M0.31%0Timeline
MCDMCDONALDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 334,900 shares; 2025Q1: 334,900 shares; 2025Q2: 334,900 shares; 2025Q3: 334,900 shares; 2025Q4: 334,900 shares 334,900$102M0.29%0Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,000 shares; 2024Q4: 373,000 shares; 2025Q1: 373,000 shares; 2025Q2: 373,000 shares; 2025Q3: 373,000 shares; 2025Q4: 373,000 shares 373,000$85.4M0.24%0Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,622,600 shares; 2024Q4: 2,622,600 shares; 2025Q1: 2,622,600 shares; 2025Q2: 2,622,600 shares; 2025Q3: 2,472,600 shares; 2025Q4: 2,472,600 shares 2,472,600$60M0.17%0Timeline
HRLHORMEL FOODS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,195,290 shares; 2024Q4: 2,195,290 shares; 2025Q1: 2,195,290 shares; 2025Q2: 2,195,290 shares; 2025Q3: 2,085,290 shares; 2025Q4: 2,085,290 shares 2,085,290$49.4M0.14%0Timeline
ONONON HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 500,000 shares; 2025Q3: 500,000 shares; 2025Q4: 500,000 shares 500,000$23.2M0.07%0Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,333 shares; 2024Q4: 124,333 shares; 2025Q1: 124,333 shares; 2025Q2: 124,333 shares; 2025Q3: 124,333 shares; 2025Q4: 124,333 shares 124,333$12.4M0.04%0Timeline

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-016458 base2026-02-17acceptance time not in the bulk data set