BILL & MELINDA GATES FOUNDATION TRUST's Q2 2025 13F: 2 positions resized, no new positions or exits

Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 25 reported positions · accession 0001104659-25-078647

What changed this quarter

BILL & MELINDA GATES FOUNDATION TRUST's changes in reported equity positions, Q2 2025
Activity Security Weight before Weight now Change Shares Shares %
Increased BERKSHIRE HATHAWAY INC DEL (BRK-B) 21.9% 24.5% +2.6 pts +6.95M sh +40%
Reduced MICROSOFT CORP (MSFT) 25.6% 27.3% +1.7 pts −2.27M sh −8%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 96.2% of the equity book

No changes in the top 10 this quarter

# Security Weight before Weight now
1 MICROSOFT CORP (MSFT) 25.6% 27.3%
2 BERKSHIRE HATHAWAY INC DEL (BRK-B) 21.9% 24.5%
3 WASTE MGMT INC DEL (WM) 17.9% 15.4%
4 CANADIAN NATL RY CO (CNI) 12.8% 11.9%
5 CATERPILLAR INC (CAT) 5.8% 6.0%
6 DEERE & CO (DE) 4.0% 3.8%
7 ECOLAB INC (ECL) 3.2% 2.9%
8 WALMART INC (WMT) 1.9% 1.9%
9 COCA-COLA FEMSA SAB DE CV (KOF) 1.4% 1.3%
10 FEDEX CORP (FDX) 1.5% 1.2%

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).