Smart Money
BG

Bill Gates

Gates Foundation Trust·quality·Concentrated / activist
Closed

~9% since 1995

Portfolio value

$31.7B

Positions

22

Top 5 concentration

83%

New buys this quarter

0

Recent moves vs Dec 2025

$BRK-BTrimmed25.8%
$MSFTSold out

Holdings

StockMove% of portfolioValue
$BRK-B

BERKSHIRE HATHAWAY INC DEL

Trimmed
25.8%
$8.2B
$WM

WASTE MGMT INC DEL

Held
20.1%
$6.4B
$CNI

CANADIAN NATL RY CO

Held
16.8%
$5.3B
$CAT

CATERPILLAR INC

Held
14.2%
$4.5B
$DE

DEERE & CO

Held
6.3%
$2.0B
$ECL

ECOLAB INC

Held
4.4%
$1.4B
$WMT

WALMART INC

Held
3.3%
$1.0B
$FDX

FEDEX CORP

Held
2.7%
$849M
$KOF

COCA-COLA FEMSA SAB DE CV

Held
1.9%
$606M
$WCN

WASTE CONNECTIONS INC

Held
1%
$331M
$MSGS

MADISON SQUARE GRDN SPRT COR

Held
0.6%
$190M
$CPNG

COUPANG INC

Held
0.6%
$175M
$BUD

ANHEUSER BUSCH INBEV SA NV

Held
0.4%
$118M
$PCAR

PACCAR INC

Held
0.4%
$116M
$WST

WEST PHARMACEUTICAL SVSC INC

Held
0.4%
$111M
$MCD

MCDONALDS CORP

Held
0.3%
$104M
$SDGR

SCHRODINGER INC

Held
0.3%
$79M
$DHR

DANAHER CORP DEL

Held
0.2%
$71M
$KHC

KRAFT HEINZ CO

Held
0.2%
$56M
$HRL

HORMEL FOODS CORP

Held
0.1%
$47M
$ONON

ON HLDG AG

Held
0.1%
$17M
$VLTO

VERALTO CORP

Held
0%
$11M

Notable sell-outs this quarter: $MSFT

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.