BILL & MELINDA GATES FOUNDATION TRUST
Q4 2023 Form 13-F
KIRKLAND, WASHINGTON
CIK 0001166559
· Institutional investment manager
$42.3B Reported Value Total
Reported value
$42.3B
Quarter over quarter
+12.9%
Holdings
24
Top-10 concentration
96.4%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Michael Larson
Authorized Agent
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 14, 2024 |
| Form | 13F-HR |
| Reported value | $42.3B |
| Positions | 24 |
| Change in reported value | +8.7% |
| New positions | 1 |
| Exited positions | 51 |
| Position turnover | 69.3% |
| Top-10 concentration | 96.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
24 | $34.4B |
|
Q1 2026 13F
Filed May 15, 2026
|
22 | $31.7B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
23 | $35.4B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
23 | $36.6B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
25 | $47.8B |
|
Q1 2025 13F
Filed May 15, 2025
|
25 | $41.8B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
24 | $42.0B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
24 | $45.1B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
23 | $47.7B |
|
Q1 2024 13F
Filed May 15, 2024
|
24 | $45.9B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
24 | $42.3B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
74 | $38.9B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
23 | $42.1B |
|
Q1 2023 13F
Filed May 15, 2023
|
22 | $36.5B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
23 | $35.7B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
21 | $34.0B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
20 | $17.7B |
|
Q1 2022 13F
Filed May 16, 2022
|
18 | $19.8B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
22 | $23.0B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
22 | $23.2B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | $14.4B | 33.98% |
| 2 | BRK-B BERKSHIRE HATHAWAY INC DEL | $7.1B | 16.8% |
| 3 | CNI CANADIAN NATL RY CO | $6.9B | 16.29% |
| 4 | WM WASTE MGMT INC DEL | $6.3B | 14.92% |
| 5 | CAT CATERPILLAR INC | $2.2B | 5.14% |
| 6 | DE DEERE & CO | $1.4B | 3.36% |
| 7 | ECL ECOLAB INC | $1.0B | 2.45% |
| 8 | KOF COCA-COLA FEMSA SAB DE CV | $588.2M | 1.39% |
| 9 | WMT WALMART INC | $477.7M | 1.13% |
| 10 | FDX FEDEX CORP | $388.1M | 0.92% |
| 11 | WCN WASTE CONNECTIONS INC | $320.8M | 0.76% |
| 12 | SDGR SCHRODINGER INC | $249.9M | 0.59% |
| 13 | CCI CROWN CASTLE INC | $163.6M | 0.39% |
| 14 | CPNG COUPANG INC | $149.7M | 0.35% |
| 15 | UPS UNITED PARCEL SERVICE INC | $118.7M | 0.28% |
| 16 | BUD ANHEUSER BUSCH INBEV SA/NV | $110.0M | 0.26% |
| 17 | MSGS MADISON SQUARE GRDN SPRT COR | $107.7M | 0.25% |
| 18 | KHC KRAFT HEINZ CO | $97.0M | 0.23% |
| 19 | DHR DANAHER CORPORATION | $86.3M | 0.2% |
| 20 | HRL HORMEL FOODS CORP | $70.5M | 0.17% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.