13F HOLDINGS REPORT
BILL & MELINDA GATES FOUNDATION TRUST
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001104659-26-016458
Total Value
$35.36B
Positions
23
Other Managers
0
Confidential Omitted
No
Holdings (23)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 19,406,764 | $9.75B | 27.59% |
| 2 | WASTE MGMT INC DEL | 94106L109 | 28,934,344 | $6.36B | 17.98% |
| 3 | CANADIAN NATL RY CO | 136375102 | 51,826,786 | $5.12B | 14.49% |
| 4 | MICROSOFT CORP | MSFT | 7,691,207 | $3.72B | 10.52% |
| 5 | CATERPILLAR INC | CAT | 6,353,614 | $3.64B | 10.29% |
| 6 | DEERE & CO | DE | 3,557,378 | $1.66B | 4.68% |
| 7 | ECOLAB INC | ECL | 5,218,044 | $1.37B | 3.87% |
| 8 | WALMART INC | WMT | 8,390,477 | $934.8M | 2.64% |
| 9 | FEDEX CORP | FDX | 2,384,362 | $688.7M | 1.95% |
| 10 | COCA-COLA FEMSA SAB DE CV | COCSF | 6,214,719 | $588.6M | 1.66% |
| 11 | WASTE CONNECTIONS INC | WCN | 2,039,175 | $357.6M | 1.01% |
| 12 | COUPANG INC | CPNG | 9,248,045 | $218.2M | 0.62% |
| 13 | MADISON SQUARE GRDN SPRT COR | 55825T103 | 592,406 | $153.2M | 0.43% |
| 14 | SCHRODINGER INC | SDGR | 6,981,664 | $124.8M | 0.35% |
| 15 | WEST PHARMACEUTICAL SVSC INC | 955306105 | 444,500 | $122.3M | 0.35% |
| 16 | PACCAR INC | PCAR | 1,000,000 | $109.5M | 0.31% |
| 17 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 1,703,000 | $109.1M | 0.31% |
| 18 | MCDONALDS CORP | MCD | 334,900 | $102.4M | 0.29% |
| 19 | DANAHER CORPORATION | 235851102 | 373,000 | $85.4M | 0.24% |
| 20 | KRAFT HEINZ CO | KHC | 2,472,600 | $60.0M | 0.17% |
| 21 | HORMEL FOODS CORP | HRL | 2,085,290 | $49.4M | 0.14% |
| 22 | ON HLDG AG | H5919C104 | 500,000 | $23.2M | 0.07% |
| 23 | VERALTO CORP | VLTO | 124,333 | $12.4M | 0.04% |