Bill Gates - Bill & Melinda Gates Foundation Trust Portfolio
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Bill Gates - Bill & Melinda Gates Foundation Trust Q2 2024 Portfolio
Bill & Melinda Gates Foundation, a trust fund managed by Bill Gates, disclosed 23 security holdings in their SEC 13F filing for the second quarter of 2024, with a total portfolio value of $47,666,955,000
As of Q2 2024, the Bill & Melinda Gates Foundation Trust portfolio showcases strategic adjustments and a diversified approach across various sectors. Below is a detailed overview of the top holdings:
MSFT – Microsoft Corp.
- Portfolio Allocation: 32.71%
- Recent Activity: Reduced holdings by 4.41%.
- Shares Held: 34,889,597.
- Reported Price: $446.95 per share.
- Value at Reported Price: $15,593,905,000.
Microsoft remains the largest holding in the Gates Foundation’s portfolio, even after a slight reduction. This substantial position reflects ongoing confidence in Microsoft’s diverse revenue streams, particularly in cloud computing, software, and AI-driven technologies.
BRK.B – Berkshire Hathaway CL B
- Portfolio Allocation: 21.01%
- Recent Activity: Added 42.29%.
- Shares Held: 24,620,202.
- Reported Price: $406.80 per share.
- Value at Reported Price: $10,015,498,000.
The significant increase in Berkshire Hathaway shares underscores a strong belief in Warren Buffett’s diversified conglomerate. This large addition indicates confidence in Berkshire’s ability to generate long-term value through its wide range of subsidiaries and investments.
WM – Waste Management Inc.
- Portfolio Allocation: 15.77%
- Recent Activity: No change reported.
- Shares Held: 35,234,344.
- Reported Price: $213.34 per share.
- Value at Reported Price: $7,516,895,000.
Waste Management continues to be a significant holding, reflecting the foundation’s focus on environmental sustainability and the essential nature of waste management services.
CNI – Canadian National Railway Co.
- Portfolio Allocation: 13.59%
- Recent Activity: No change reported.
- Shares Held: 54,826,786.
- Reported Price: $118.13 per share.
- Value at Reported Price: $6,476,688,000.
Canadian National Railway is a key position in the portfolio, highlighting confidence in the transportation sector and the crucial role of railways in North American logistics and trade.
CAT – Caterpillar Inc.
- Portfolio Allocation: 5.14%
- Recent Activity: No change reported.
- Shares Held: 7,353,614.
- Reported Price: $333.10 per share.
- Value at Reported Price: $2,449,489,000.
Caterpillar remains an important holding, reflecting the foundation’s belief in the continued demand for construction and mining equipment, particularly as global infrastructure projects expand.
DE – Deere & Co.
- Portfolio Allocation: 2.79%
- Recent Activity: No change reported.
- Shares Held: 3,557,378.
- Reported Price: $373.63 per share.
- Value at Reported Price: $1,329,143,000.
Deere’s inclusion highlights the foundation’s focus on agriculture and equipment manufacturing, aligning with global needs for efficient farming solutions.
ECL – Ecolab Inc.
- Portfolio Allocation: 2.61%
- Recent Activity: No change reported.
- Shares Held: 5,218,044.
- Reported Price: $238.00 per share.
- Value at Reported Price: $1,241,894,000.
Ecolab’s position emphasizes a commitment to sustainability and hygiene, with the company being a leader in water, hygiene, and energy technologies.
WMT – Walmart Inc.
- Portfolio Allocation: 1.29%
- Recent Activity: No change reported.
- Shares Held: 9,090,477.
- Reported Price: $67.71 per share.
- Value at Reported Price: $615,516,000.
Walmart’s presence in the portfolio reflects confidence in the retail giant’s ability to navigate both brick-and-mortar and e-commerce environments, catering to a wide consumer base.
KOF – Coca-Cola FEMSA S A CV
- Portfolio Allocation: 1.12%
- Recent Activity: No change reported.
- Shares Held: 6,214,719.
- Reported Price: $85.84 per share.
- Value at Reported Price: $533,471,000.
Coca-Cola FEMSA is included as a reflection of the foundation’s investment in consumer staples, focusing on beverages in the Latin American market.
FDX – FedEx Corp.
- Portfolio Allocation: 0.97%
- Recent Activity: No change reported.
- Shares Held: 1,534,362.
- Reported Price: $299.84 per share.
- Value at Reported Price: $460,063,000.
FedEx rounds out the top holdings, indicating a belief in the logistics and delivery services sector, particularly with the growth of e-commerce and global trade.
Analysis of Top Holdings:
1. Microsoft Corp.: The largest holding, slightly reduced, reflects continued confidence in its leadership in technology and innovation.
2. Berkshire Hathaway CL B: Significant increase signals strong belief in the diversified conglomerate’s long-term growth potential.
3. Waste Management Inc.: Consistent position, emphasizing a focus on sustainability and essential services.
4. Canadian National Railway Co.: Stable investment in North American logistics and transportation.
5. Caterpillar Inc.: Key holding in the industrial and construction equipment sector.
6. Deere & Co.: Investment in agriculture and equipment, supporting global food production.
7. Ecolab Inc.: Focus on sustainability and hygiene technologies.
8. Walmart Inc.: Confidence in the retail sector, both physical and online.
9. Coca-Cola FEMSA S A CV: Investment in consumer staples, particularly in the beverage sector.
10. FedEx Corp.: Belief in logistics and delivery services, crucial for global trade.
Overall, the Bill & Melinda Gates Foundation Trust Q2 2024 portfolio reflects a strategic blend of technology, sustainability, and essential services, with adjustments made to optimize long-term growth while maintaining a focus on sectors that align with the foundation’s mission and values.