BILL & MELINDA GATES FOUNDATION TRUST
Q1 2024 Form 13-F

KIRKLAND, WASHINGTON
CIK 0001166559 · Institutional investment manager
$45.9B Reported Value Total
Reported value
$45.9B
Quarter over quarter
+12.8%
Holdings
24
Top-10 concentration
96.6%

Key People

Named on the latest Form 13-F filing — not necessarily an owner
Michael Larson
Authorized Agent

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Q1 2024 13F record

Q1 2024 13F filing summary

Q1 2024 Form 13F portfolio summary
Period of report March 31, 2024
Filed May 15, 2024
Form 13F-HR
Reported value $45.9B
Positions 24
Change in reported value +8.5%
New positions 1
Exited positions 1
Position turnover 8.0%
Top-10 concentration 96.6%

13F filings by quarter

Form 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 · Q1 2024

Largest Q1 2024 13F positions by reported value
# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $15.4B 33.49%
2 WM WASTE MGMT INC DEL $7.5B 16.38%
3 BRK-B BERKSHIRE HATHAWAY INC DEL $7.3B 15.87%
4 CNI CANADIAN NATL RY CO $7.2B 15.75%
5 CAT CATERPILLAR INC $2.7B 5.88%
6 DE DEERE & CO $1.5B 3.19%
7 ECL ECOLAB INC $1.2B 2.63%
8 KOF COCA-COLA FEMSA SAB DE CV $604.1M 1.32%
9 WMT WALMART INC $547.0M 1.19%
10 FDX FEDEX CORP $444.6M 0.97%
11 WCN WASTE CONNECTIONS INC $369.7M 0.81%
12 SDGR SCHRODINGER INC $188.5M 0.41%
13 CPNG COUPANG INC $164.5M 0.36%
14 CCI CROWN CASTLE INC $150.3M 0.33%
15 UPS UNITED PARCEL SERVICE INC $112.2M 0.24%
16 MSGS MADISON SQUARE GRDN SPRT COR $109.3M 0.24%
17 BUD ANHEUSER BUSCH INBEV SA/NV $103.5M 0.23%
18 KHC KRAFT HEINZ CO $96.8M 0.21%
19 DHR DANAHER CORPORATION $93.1M 0.2%
20 HRL HORMEL FOODS CORP $76.6M 0.17%

Values as reported on the Q1 2024 Form 13F. Every position is in the holdings table below.

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