13F HOLDINGS REPORT
BILL & MELINDA GATES FOUNDATION TRUST
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001104659-25-112544
Total Value
$36.58B
Positions
23
Other Managers
0
Confidential Omitted
No
Holdings (23)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 21,765,224 | $10.94B | 29.91% |
| 2 | WASTE MGMT INC DEL | 94106L109 | 28,934,344 | $6.39B | 17.47% |
| 3 | CANADIAN NATL RY CO | 136375102 | 51,826,786 | $4.89B | 13.36% |
| 4 | MICROSOFT CORP | MSFT | 9,191,207 | $4.76B | 13.01% |
| 5 | CATERPILLAR INC | CAT | 6,353,614 | $3.03B | 8.29% |
| 6 | DEERE & CO | DE | 3,557,378 | $1.63B | 4.45% |
| 7 | ECOLAB INC | ECL | 5,218,044 | $1.43B | 3.91% |
| 8 | WALMART INC | WMT | 8,390,477 | $864.7M | 2.36% |
| 9 | FEDEX CORP | FDX | 2,384,362 | $562.3M | 1.54% |
| 10 | COCA-COLA FEMSA SAB DE CV | COCSF | 6,214,719 | $516.4M | 1.41% |
| 11 | WASTE CONNECTIONS INC | WCN | 2,039,175 | $358.5M | 0.98% |
| 12 | COUPANG INC | CPNG | 9,248,045 | $297.8M | 0.81% |
| 13 | SCHRODINGER INC | SDGR | 6,981,664 | $140.1M | 0.38% |
| 14 | MADISON SQUARE GRDN SPRT COR | 55825T103 | 592,406 | $134.5M | 0.37% |
| 15 | WEST PHARMACEUTICAL SVSC INC | 955306105 | 444,500 | $116.6M | 0.32% |
| 16 | MCDONALDS CORP | MCD | 334,900 | $101.8M | 0.28% |
| 17 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 1,703,000 | $101.5M | 0.28% |
| 18 | PACCAR INC | PCAR | 1,000,000 | $98.3M | 0.27% |
| 19 | DANAHER CORPORATION | 235851102 | 373,000 | $74.0M | 0.20% |
| 20 | KRAFT HEINZ CO | KHC | 2,472,600 | $64.4M | 0.18% |
| 21 | HORMEL FOODS CORP | HRL | 2,085,290 | $51.6M | 0.14% |
| 22 | ON HLDG AG | H5919C104 | 500,000 | $21.2M | 0.06% |
| 23 | VERALTO CORP | VLTO | 124,333 | $13.3M | 0.04% |